Cloud Hosting

The Crypto for Congress initiative has launched. All members of Congress will be given bitcoin as campaign contributions to help them learn about cryptocurrency. The initiative is supported by Congressional Blockchain Caucus members, including pro-crypto Representatives Darren Soto and Tom Emmer.

The Crypto for Congress initiative has launched, the Chamber of Digital Commerce announced Monday. Today, all members of the United States Congress will receive a campaign contribution in bitcoin as part of this initiative, the announcement details. There are 535 members of Congress: 100 serve in the U.S. Senate and 435 in the House of Representatives.

The Chamber of Digital Commerce Political Action Committee will provide a $50 bitcoin contribution to all 535 members of Congress. The organization also provides online public educational training, a toolkit, and various resources to Congress members across all parties to help them engage directly in the cryptocurrency ecosystem, the announcement explains. According to information on the initiatives website:

Crypto for Congress is an educational initiative aimed at expanding the use and adoption of digital assets among Congressional candidates, elected leaders, and engaged citizens.

Now is the moment for all members of Congress to learn about and embrace cryptocurrencies and blockchain technology, and the best way to do that is to set up a digital wallet and get started on the blockchain journey, said Perianne Boring, the organizations founder and president. Many other nations like China, Japan, Singapore and Switzerland have rapidly embraced blockchain technology and created robust national plans to be global leaders in this area. The United States is falling behind in technological innovation and this is not a risk we should be willing to take.

The Crypto for Congress initiative is supported by members of the Congressional Blockchain Caucus, including pro-cryptocurrency Representatives Darren Soto and Tom Emmer. Sponsors of the newly launched initiative include Anchorage, Bitpay, Blockfi, CMT Digital, Circle, Civic, Etoro, Flipside Crypto, Medici Ventures, Messari, and Paxos.

Crypto for Congress brings an opportunity for our entire Congressional community to join this generational shift in finance and technology, Rep. Tom Emmer commented. By embracing the digital asset movement, we have an opportunity to take a significant step forward to ensure Americas leadership position in the future of the global economy.

What do you think about the Crypto for Congress initiative? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Read more:
Crypto for Congress: Bitcoin Sent to All Congress Members' Campaigns | News - Bitcoin News