60% of eligible U.S. voters want to legalize crypto in federal elections
With crypto value on the rise, there are more proponents for fully legalizing it in all states, including making crypto available for donations, making it equal to the traditional currency. According to the survey conducted by Clovr, more than 60% of eligible U.S. voters stand up for crypto to become a part of the elections. 21% of the respondents did not agree with that statement.
Even with the recent approvals related to crypto industry that took place in the U.S. financial capital, New York, there are a number of opponents for involving crypto in the elections. One of the main objections is the fear of allowing foreign power to interfere, due to the fact that cryptocurrency transactions are by definition harder to trace.
While there is currently no law in place to regulate this, there’s a chance cryptocurrency donations will be accepted as in-kind contribution, subject to a cap of $100. This would relate to donated items, subsidized rent, supplies, equipment and other miscellaneous items. Among 52 states, Virginia and Tennessee are already working on the legislation proposals in order to enable donors to use cryptocurrencies. Even though the U.S. elections rules differ from state to state, the more crypto becomes a ‘mainstream’ part of our lives, the more states will approve its use in the federal elections, financial experts say.