Trump rival presidential candidate from the Democratic Party Eric Swalwell aims to make the US a bitcoin nation. He is even accepting BTC donations for his dark-horse bid to get the current president off his position and we find out more in the latest cryptocurrency news today.
The congressman aims to use the blockchain technology in every part of the government after he removes Trump from the White House. Swalwell is also accepting six cryptocurrencies one of which is the White Standard-a stablecoin that has $0 in USD reserves. The White company is now running his campaign contribution site which explains his decision. The other cryptocurrencies include Bitcoin SV, Bitcoin, Bitcoin Cash, Stellar and Ethereum.
The Trump rival reportedly aiming for mass blockchain adoption after he pointed out:
“Blockchain can change the world if we let it. […] Our nation pioneered the Internet. We use smartphones all day every day to move money, to buy goods and services, to share our innermost thoughts, and participate in public life. So it’s pure cognitive dissonance to believe that we cannot extend this further into our democracy and our economy.”
Another presidential candidate Andrew Yang is also accepting crypto donations but he is slowly losing his support after tweeting that ‘’cash is king.’’ Both of the candidates are a long-shot in the race against Trump but they are hoping to get the vote of the crypto community. Swalwell offers broad ‘’support’’ for the blockchain technology and Yang has an entire policy platform based on the idea of crypto.
As mentioned in the coming altcoin news, Swalwell will not accept corporate ‘’PAC money’’ in his campaign. Politicians were quick to demand a well-regulated and established crypto economy while there was almost no improvement in the regulatory sector in the country. The nature of the federal government towards cryptocurrencies has made other countries become the perfect crypto hub for crypto companies.
Experts around the world think that a summary ban on crypto could increase the prices for cryptocurrencies and the demand would also increase. However, the more things are urging to change, the more nobody does anything about the crypto climate.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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