{"id":8397,"date":"2021-06-17T15:54:37","date_gmt":"2021-06-17T15:54:37","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/republican-campaign-arm-accepts-crypto-assets-attempts-to-pursue-every-avenue-to-stop-pelosis-socialist-agenda\/"},"modified":"2021-06-17T15:54:37","modified_gmt":"2021-06-17T15:54:37","slug":"republican-campaign-arm-accepts-crypto-assets-attempts-to-pursue-every-avenue-to-stop-pelosis-socialist-agenda","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/republican-campaign-arm-accepts-crypto-assets-attempts-to-pursue-every-avenue-to-stop-pelosis-socialist-agenda\/","title":{"rendered":"Republican Campaign Arm Accepts Crypto Assets \u2013 Attempts to Pursue \u2018Every Avenue to Stop Pelosi\u2019s Socialist Agenda\u2019"},"content":{"rendered":"

The House Republicans\u2019 campaign arm said on Thursday that it will be accepting cryptocurrencies using the payment processor Bitpay. The National Republican Congressional Committee (NRCC) is a lobbyist organization aimed at supporting the election of Republicans to Congress, via direct financial contributions to candidates and the Republican Party.<\/strong><\/p>\n

NRCC to Accept Crypto Donations but Funds Will Be Converted and Deposited in US Dollars<\/h2>\n

Republican bureaucrats are willing to accept donations in digital assets to help fuel their political elections. On June 17, the NRCC revealed<\/a> it would be taking financial contributions in the form of cryptocurrencies, but the funds will be immediately converted into U.S. dollars before the money enters the NRCC\u2019s treasury.<\/p>\n

Bitpay will facilitate the process according to the announcement, and even though the group is not officially receiving the crypto assets to hold, the NRCC believes it makes the payment process more seamless.<\/p>\n

Rep. Tom Emmer (R-Minn.), a representative who has spoken about the crypto economy on various occasions in the past, explains the move helps Republicans stop Democrat leader Nancy Pelosi\u2019s agenda.<\/p>\n

\u201cWe are focused on pursuing every avenue possible to further our mission of stopping Nancy Pelosi\u2019s socialist agenda and retaking the House majority, and this innovative technology will help provide Republicans the resources we need to succeed,\u201d the NRCC chairman Emmer explained during the crypto acceptance announcement.<\/p>\n

The NRCC will be the first party committee to accept crypto donations via Bitpay, but there\u2019s a number of Republican and Democratic bureaucrats that accept digital assets for campaign donations.<\/p>\n

The NRCC was created in 1866 when Republicans wanted to further the party\u2019s visibility in federal elections. The organization not only funds Republican campaigns but also voter registration, education and turnout programs, and technical and research assistance.<\/p>\n

<\/p>\n

According to the Federal Election Commission (FEC) in May, the group has its concerns<\/a> about the anonymous nature of digital assets. The FEC commissioner Ellen Weintraub told the Daily Beast that crypto assets are similar to cash in this respect.<\/p>\n

\u201cThe goal of the campaign-finance system is to enable the public (and the FEC) to follow the money that flows through our political system,\u201d Weintraub said. \u201cChecks and credit-card transactions provide solid accountability. From the start, Congress has frowned on cash, since it\u2019s essentially untraceable and very easily transferred.\u201d<\/p>\n

What do you think about the House Republicans\u2019 lobbying arm accepting crypto assets via Bitpay? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nNews, Bitcoin, bitcoin cash, BitPay, Congress, Crypto, crypto assets, Cryptocurrencies, Democrat, Democratic, Ellen Weintraub, FEC commissioner, Federal Election Commission, Nancy Pelosi, Republican, Republican Campaign Arm, Republican Party, Socialist Agenda, tom emmer<\/p>\n","protected":false},"excerpt":{"rendered":"

The House Republicans\u2019 campaign arm said on Thursday that it will be accepting cryptocurrencies using the payment processor Bitpay. The National Republican Congressional Committee (NRCC) is a lobbyist organization aimed at supporting the election of Republicans to Congress, via direct financial contributions to candidates and the Republican Party. NRCC to Accept Crypto Donations but Funds…<\/p>\n","protected":false},"author":0,"featured_media":8398,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-8397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8397"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=8397"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8397\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/8398"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=8397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=8397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=8397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}