Ramaswamy will be accepting campaign donations in the digital currency, he told CBS News before the Bitcoin 2023 Conference in Miami.
is betting big on digital currency Bitcoin for campaign donations, and he's also unveiling a new proposal to roll back tax restrictions on mining the currency in the U.S.
The business entrepreneur won't be the first presidential candidate to allow digital currency for donations to his campaign. That distinction belongs to Sen. Rand Paul, who accepted Bitcoin donations in his 2016 White House campaign. The Biden administration recently proposed a 30% tax on electricity used by cryptocurrency mining operations in its budget for the fiscal year of 2024.
"We'll put that into the rules and preserve freedom to mine by rescinding and committing against any special taxes for the utilization of energy for purposes of mining," he said.
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