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Ramaswamy suggested, “Let’s make the 2024 election a fiat currency referendum.”

For the upcoming 2024 election, Vivek Ramaswamy is now the second American presidential candidate to officially take the Bitcoin ticker BTC with a contribution of $27,092.

Ramaswamy declared, “Give $1,” while announcing that he was accepting Bitcoin donations. Just two days earlier, Robert F. Kennedy Jr. has become the first presidential candidate in American history to accept Bitcoin as a campaign contribution. Ramaswamy suggested, “Let’s make the 2024 election a fiat currency referendum.”

As shown above, while Ramaswamy was speaking on stage, he was showing a QR code which, when scanned, directed the audience to a payment gateway with various contribution options, including BTC and Satoshi (sat), the smallest unit of currency in Bitcoin. system.

For the purpose of accepting Bitcoin donations, Ramaswamy chose payment service BitPay. But BitPay also accepts other cryptocurrencies, such as the Bitcoin Cash BCH ticker down $116, the Ether ETH ticker down $1,815, the ApeCoin APE ticker down $3.43, the Litecoin LTC ticker down $92.30, the Dogecoin DOGE ticker down $0.07, and the Shiba ticket Inu SHIB fell 0.00000009.

For purposes of withholding federal income tax, eligible citizens and permanent residents can contribute up to $6,600 to the campaign; however, these contributions are not deductible as charitable contributions. As stated on the contribution website, “After donating, come back to claim your NFT.” donors will receive nonfungible tokens (NFT).

Legislators in the Kansas House of Representatives submitted a bill in February that would have set a $100 limit on cryptocurrency political donations.

Donations under $100 will require recipients to “immediately convert” cryptocurrency into dollars, refrain from using cryptocurrency for purchases, and refrain from depositing funds.