Attitudinal change? Republicans in the US House of Representatives have started accepting cryptocurrency donations

The National Republican Congressional Committee announced Thursday that it will begin accepting campaign contributions in the form of cryptocurrencies, As part of a broader effort to take back the House and stop Democrats from pursuing their policy agenda." "The NRCC is proud to take the lead in accepting campaign contributions in the form of cryptocurrencies," Tom Emmerson, PRESIDENT of THE

NRCC, said in a statement. "We are focused on finding every possible way to advance our mission of blocking Nancy Pelosi's socialist agenda and regaining the House majority," she added. This innovative technology will help Republicans get the resources they need to succeed." The US Republican Party will accept payments in Bitcoin and other cryptocurrencies through BitPay, a leading digital payment processor. Cryptocurrency received through BitPay can be immediately settled into DOLLARS." While cryptocurrencies have gained support from Republican lawmakers like Cynthia Lummis and Kevin McCarthy, republicans have previously been hostile to digital assets. When former U.S. President Donald Trump was in office, he told his Treasury secretary to go after bitcoin. In late 2020, the outgoing Trump administration delivered a blow to the crypto industry by supporting stricter regulation of self-hosted wallets. On the other side of the REPUBLICAN spectrum in the US, Kentucky Senator Rand Paul, a libertarian, began accepting bitcoin payments in 2015. Many U.S. Democrats also have a negative view of cryptocurrencies, with Senator Elizabeth Warren saying assets like Bitcoin are fake digital private currencies. However, Democrats recently announced that they have formed a new working group dedicated to cryptocurrencies. Maxine Waters, chairwoman of the House Financial Services Committee, said the panel would engage with regulators and experts to delve into an industry that is poorly understood and least regulated.