Can PACs Popularize Cryptocurrency Donations in US Politics?

Can PACs become a gateway for cryptocurrency-based contributions in United States politics while select states and high-profile nominees like Hillary Clinton explicitly refuse to accept digital assets during political campaigns?

Super PACs, on the other hand, cannot make any direct contributions, but can spend unlimited amounts of funds in support of their candidates independent of their campaigns - and can pool donations of any size.

The pitfalls of accepting crypto-based donations in U.S. politics.

Certain states - namely California and South Carolina - have completely prohibited donations submitted in cryptocurrencies at the county level, while other states - like Montana and Colorado - have imposed additional limitations for such donations.

In May 2018, Obama's former aide on crypto and digital technologies, Brian Forde, was criticized for accepting BTC donations during his campaign for the U.S. House of Representatives.

Humanity Forward Fund, a Super PAC supporting Yang, has been accepting donations in BTC via the Lightning Network since July 2019.

Another 2020 presidential candidate who was accepting cryptocurrency donations, Eric Swalwell, dropped out of the race in July, just two months after announcing a crypto donations campaign.

WSD is the native token of the White Company - a blockchain firm that was processing cryptocurrency donations on Swalwell's behalf during his campaign.

The public demand for that option is not there yet, which prompts many candidates to not deal with an additional reporting routine for the FEC, which come in hand with cryptocurrency donations.

"Cryptocurrency, like every other wacky thing in our world today, is something of value. But it's the same way no major presidential campaigns accept donations of live chickens. Because that's not very practical for them."