Congressman Mike Collins Embraces Crypto Donations for campaign
Georgia’s Representative Mike collins has announced that his campaign will now accept cryptocurrency donations. Collins, a crypto enthusiast and trader, believes this move will help destigmatize the industry.
“America needs to adapt to new technologies like AI and crypto,” Collins said. “By accepting crypto, we can push for global financial innovation.” He sees this as crucial for the U.S. to stay competitive in the global market.
Collins joins a growing list of politicians accepting crypto contributions. This trend started with Donald Trump, who began accepting crypto donations during the 2024 election. His campaign website highlights this as a step towards supporting American innovation.
Trump’s campaign also began accepting crypto donations, reflecting a broader trend in U.S. politics. His inauguration committee received millions from crypto firms like Ripple and Coinbase.
Future Forward PAC, supporting Democratic Vice President Kamala harris, also accepts crypto donations. Ripple contributed to Harris’s campaign in 2024.
The Federal Election Commission allows crypto donations, provided they follow contribution limits and reporting rules. Campaigns must convert crypto to conventional currency before spending.
Collins hopes this move will advance global finance and innovation. He believes the U.S. must adapt to digital assets like Bitcoin and Ethereum to stay competitive.
This trend shows the crypto industry’s efforts to influence policy. It aims to gain favor within the political sphere.
