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Bitcoin [BTC] accepted as donations by US Democratic congressional candidate

Arjun B

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Bitcoin [BTC] accepted as donations by Brian Forde US Democratic congressional candidate
Source: Pixabay


On 22nd Tuesday, Brian Forde, a US Democratic congressional candidate was accused of accepting Bitcoin [BTC] donations for his campaign. Ironically, he wrote the White House memo on cryptocurrency.

He is a blockchain expert and businessman. Forde was also a White House senior advisor in the office of science and technology during the Obama administration. He is now running for the Democratic nomination for the upcoming congressional elections in California.

His rival Dave Min, professor of law at the University of California and former SEC attorney, is circulating an advertisement against Forde’s campaign. He said that it is being illegally funded by Bitcoin [BTC] speculators who are against prevention of human trafficking and promotion of drug deals. Brian Forde has responded to allegations by saying:

“My supporters didn’t HODL, but they made donations to my campaign in Bitcoin[BTC] is because they have faith in the technology. The comments accusing my supporters are completely inaccurate, sensationalist and it is due to my opponent’s lack of understanding of the technology. My supporters wouldn’t have donated to the campaign if they were just trying to speculate.”

He added:

“While my opponent’s advertisement is trying to disparage a technology, what he doesn’t understand is that the United Nation is using is it to fight human trafficking worldwide and we need more rational technologists and scientists who can make policies based on evidence rather than politicians who making irrational decisions based on their emotions.”

Brian Forde’s campaign has attracted support from cryptocurrency giants like the Winklevoss brothers and Mike Novogratz. He was a vital part of Obama’s Climate Data Initiative and TechHire during Barack Obama’s term. Brian Forde has become the head of MIT’s Digital Currency Initiative.

The US Federal Election Commission [FEC] has allowed political action committees to accept Bitcoin [BTC] as donations, given that donors identify themselves. Donations in Bitcoin are treated as in-kind donations which gives the candidates 10 days to transfer the BTC raised to their official campaign funds. Back in 2014, New Hampshire was the first US state to accept BTC as donations with Colorado.





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