- CDC plans to give every member of congress a small campaign donation in Bitcoin (BTC).
- The $27,000-plan aims to introduce digital assets to members of Congress to ease the lobbying process.
- The U.S. still lags behind its competitors in the blockchain and cryptocurrency field.
In a published post on Monday, the Chamber of Digital Commerce (CDC), a leading trade association in digital asset payments and blockchain innovations, announced the launch of ‘Crypto for Congress’, a program set to send campaign donations in Bitcoin (BTC) to each of the 541 members of Congress. This represents the first time every member of Congress will have an opportunity to fully interact with the technology, leveling the field when making digital asset laws.
The Chamber of Digital Commerce PAC will send $50 donations to the campaign trail to each member, in addition to “providing extensive public online educational training, a toolkit, and resources.” The donation remains trivial but will greatly impact Congress members interacting with Bitcoin and the crypto ecosystem directly.
The post further states that presenting BTC to Congressional members will “foster a deeper understanding of blockchains” to ease the legal procedures and promote “greater participation in the political process” to integrate blockchain benefits to every industry U.S.
Crypto for Congress is an educational initiative formed by CDC’s PAC, a different entity from CDC, aiming to teach Congressional members from both parties of the benefits and law-making process in the blockchain and crypto ecosystem. Perianne Boring, President of the Chamber of Digital Commerce, emphasized the need for Congress to interest the blockchain field. Boring said,
“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.”
Further focusing on the U.S. lagging behind leading nations in digital assets and blockchain technology, she said,
“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.”
Support from Congress
The initiative is also supported by the Congressional Blockchain Caucus led by Tom Emmer and Darren Soto, who recently sponsored two digital asset bills in the Consumer Protection Act – currently in Senate.
Emmer labeled the Crypto for Congress initiative as a ‘lightbulb moment’ in Congress, finally taking an interest in the digital assets and blockchain developments. He said,
“By embracing the digital asset movement, we have an opportunity to take a significant step forward to ensure America’s leadership position in the future of the global economy.”
Representative. Darren Soto said,
“As lawmakers, it’s our duty to ensure the United States leads in blockchain technology. Understanding how this technology works at a hands-on level is an important step we must take to promote innovation and maximize the potential of cryptocurrencies for the U.S. economy.”
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