Mike Collins begins to accept the crypto Campaign Donations

Representatives Mike Collins from Georgia announced that his campaign would now accept the donations of the cryptocurrency.

Collins, entrepreneur and active merchant cryptocurnancy, represents 10. Congress district of Georgia and was a vocal advocate for crypto.

“America was retained back on our reluctance to adapt to emerging technology, whether it was aI, learning a machine or alternative assets like crypto,” Collins listed. “I hope that I will destroy the crypto industry and improve the future of global finance and innovation.”

Emphasized the need for the United States to remain competitive in the global financial system by adjusting alternative digital means, including Bitcoin (Btc), Etherum (El), Altcins and Memecoins.

Donald Trump started the trend

The Collinska campaign is among the increasing number of political entities accepting contributions to cryptocurrency, reflecting the wider trend in American politics.

President Donald Trump Added cripto in his political and business ventures. The Trump campaign began to accept the crypts of donations during the electoral cycle 2024. Years.

Its official website pointed out this move as a testament to his support for American innovation and step towards opposing regulatory constraints imposed by the previous administration.

Through campaign contributions, Trump Business engagement They are additionally intertwined with the crypto industry. His Inauguration Board received significant donations from main cryptocurstical companies such as Ripple, Coinbase, Kraken and Moonpay, with contributions that reached $ 4-5 million.

These donations underline the strategic efforts of the crypto industry to influence politics and get favorites in the political sphere.

The trend of accepting cryptocurrency donations is not limited to republic figures. Since the PAC, the leading committee of Super Political Action, which supports the Democratic Vice President Kamala Harris, announced Accepting the attachment of cryptocurrency.

In addition, Ripple gave money For Kamala Harris during the electoral cycle 2024. Years.

Federal Election Commission permit Contributes to the cryptocurrency to political committees, provided that they comply with existing contributions and reporting requirements. Campaigns received by such donations must turn them into a traditional currency before expenditures and ensure respect for appropriate regulations.