With only a year to go until the 2020 US Presidential Elections, more and more candidates for the Democratic party are coming out of the woodwork. In order to make it to the televised debates, candidates need either 1% or more of the vote or donations from more than 65,000 different citizens. In a bid to bolster his chances, crypto friendly representative Eric Swalwell Jr has announced that he will be accepting crypto donations. He isn’t the only candidate running that is using a crypto-friendly platform, but it very much feels as if Swalwell is using crypto as a buzz word to drum up voters.
Teaming Up with the White Company
The White Company has come a long way since its early days of being a mere marketplace where users can buy luxury items using cryptos. It’s now a full-scale blockchain platform that processes crypto payments through its own blockchain platform. Swalwell has teamed up with the White Company to accept donations in Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Ethereum (ETH), Stellar Lumens (XLM), and The White Company’s WSD token. Other candidates have opted for BitPay to avoid issues with volatility, but the White Company’s solution looks fairly robust.
#YangGang Leading the Way
Unfortunately for Swalwell, he is a rather weak contender and will likely not even make it to the TV debates. On the other hand, we have candidate Andrew Yang who has quickly become a beacon of hope for the blockchain and crypto world. His pro-crypto and blockchain platform has sparked life and hope into the hearts of millions around the US and he is helping to introduce this technology to new users.
Crypto Winning Big in the Midterms
Another reason for Swalwell’s sudden change of platform could be due to the fact that pro-crypto candidates scooped up seats all over the US. More and more senators and governors ramped up the crypto rhetoric and it appears to have paid off. Tulsi Gabbard is one of those pro-crypto candidates, and she recently announced her intention to run for president. While Gabbard is known to have bought at the height of the bull market in 2017, she embodies the hodl mentality.
At the end of the day, it’s going to take a lot more than just crypto to beat Donald Trump in the 2020 Presidential Elections. Candidates focusing solely on crypto will make the same mistakes that Hillary did last time around, giving trump a second term. Crypto needs to be a key part of the Democratic candidate’s platform, but the platform needs to have other components if the party is to replace Trump in the White House.