Home Base crypto donation platform launches for U.S. politicians

Base crypto donation platform launches for U.S. politicians

TL:DR

  • U.S. politicians can now receive crypto donations via Coinbase's Base network.
  • Engage Raise's platform supports 240+ cryptocurrencies and credit card payments.
  • Notable users include Tom Emmer and Cynthia Lummis, with a push for non-partisan adoption.

A novel blockchain-based donation platform has emerged, enabling United States politicians to receive cryptocurrency contributions via the Coinbase-developed Base network.

The platform, created by Engage Raise and powered by Coinbase Commerce, offers donors the ability to contribute using over 240 different cryptocurrencies or traditional credit card payments. The service’s website pitches its offering as follows:

Nothing should get between you and your cause.
Donate to your favorite candidates, with crypto.

According to the platform’s website, cryptocurrency donations provide enhanced speed and security while maintaining full compliance with U.S. regulations. The service aims to minimize data collection, gathering only the information necessary to meet compliance standards.

While Engage Raise — and not Coinbase Commerce — is behind the initiative, the development has not gone unnoticed by people involved with the Base protocol. In a July 22 tweet, Base lead developer Jesse Pollak wrote:

big news: any US politician can now accept onchain donations on @base. […] Way lower fees than credit cards, accept donations in thousands of ERC20s, quickly settle to USD for the candidate!

Quick adoption

Notable blockchain advocates among the 13 politicians currently registered on the platform include Representative Tom Emmer and Senator Cynthia Lummis. The platform welcomes additional political campaigns to join, emphasizing its non-partisan stance.

This development comes as cryptocurrency donations gain traction in U.S. politics. In a separate initiative, Donald Trump, the Republican presidential nominee for the upcoming November election, began accepting crypto contributions in May. His campaign reported receiving $3 million worth of cryptocurrency donations in the second quarter of this year.

The cryptocurrency market has reacted strongly to political events in the United States. Oddly enough, it rallied after the recent attempt on Trump’s life with one market analyst commenting at the time:

He’s certainly positioned himself as pro-crypto and as the odds of his reelection were galvanised by the shooting on the weekend, it’s certainly put a big boost underneath the bid in crypto markets and Bitcoin obviously, just an absolute standout.

About ReadWrite’s Editorial Process

The ReadWrite Editorial policy involves closely monitoring the gambling and blockchain industries for major developments, new product and brand launches, game releases and other newsworthy events. Editors assign relevant stories to in-house staff writers with expertise in each particular topic area. Before publication, articles go through a rigorous round of editing for accuracy, clarity, and to ensure adherence to ReadWrite's style guidelines.

Radek Zielinski
Tech Journalist

Radek Zielinski is an experienced technology and financial journalist with a passion for cybersecurity and futurology.

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