US Republican Party’s election arm to accept cryptocurrency donations

US Republican Party's election arm to accept cryptocurrency donations

“The NRCC said that it will collect all identifying data from individuals who donate with crypto.
The United States’ National Republican Congressional Committee — the body responsible for coordinating Republican electoral efforts — is introducing donations in cryptocurrencies like Bitcoin (BTC).The NRCC announced Wednesday on Twitter that the committee will begin accepting crypto donations for election campaigns, sending its fundraising efforts “to the moon.”— NRCC (@NRCC) June 17, 2021

According to a Wednesday report by Axios news agency, the NRCC will process crypto donations using major payment platform BitPay, through which donations will be immediately converted to U.S. dollars.The cash conversion means that the NRCC will be able to accept individual donations of up to $10,000 per year — multitudes more than the $100 maximum-value limit for transfers of actual cryptocurrencies. The NRCC said that it will collect all identifying data from individuals who donate with crypto.NRCC chairman and Minnesota Representative Tom Emmer said that accepting crypto is part of Republicans’ efforts to pursue “every avenue possible” for winning elections. “This innovative technology will help provide Republicans the resources we need to succeed,” he said.Related: XRP Is Not a Security, Argues US Congressman Tom EmmerEmmer has emerged as a prominent proponent for cryptocurrencies in Congress. Last year, Emmer started accepting donations for his own campaign via BitPay.Last month, Emmer reintroduced a bill that aims to prevent the Internal Revenue Service from imposing penalties or fees on crypto taxpayers with forked assets. “

Source: News

Virtual Land Adjacent to Snoop Dogg’s Sandbox Estate Sells for $450K in Ethereum

“The popular American rapper Snoop Dogg revealed at the end of September that he acquired land in the blockchain-based virtual metaverse The Sandbox and had plans to recreate his mansion. On December 2, The Sandbox held a “Snoopverse Land Sale,” which allowed participants to purchase land adjacent to the famous

Polkadot-based SubDAO pulls out of parachain slot auctions; what gives

“Like a bride or a groom changing their mind before the fateful “I do,” the much-anticipated Polkadot Parachain Slot Auctions saw one applicant puling out early. Now, more details have emerged. Runaway DAO In its statement, SubDAO, a Polkadot-based DAO protocol announced, “Through discussion with the development team and prudent consideration,

MetaFlower super mega yacht NFT sells for $650k in The Sandbox

“As the world of the rich and famous starts to sit up and take notice of DeFi opportunities there has been a massive land grab to secure the best digital assets in some of the most popular metaverse projects. The post MetaFlower super mega yacht NFT sells for $650k in