Note from the Publisher: We’ve run several election-oriented stories the past few days, including US Political Campaign Fintechs and Swiss Fintech Capitalizes on US Presidential Elections, plus two stories on the recent Icelandic presidential election (and the “Bitcoin Pirates” Party). For that reason, we were excited to see another take on this, with word last week from the leaked WikiLeaks emails that the Clinton campaign elected not to take bitcoin for campaign contributions, even though she has expressed support of fintech innovation. Turns out it’s all about money. The contributions can only be up to $100 per individual if paid in bitcoin, vs $2700 per individual if paid from other monetary sources. Interesting read.
“For Hillary Clinton’s campaign, accepting bitcoin was “too libertarian”.
That’s what we learned last week when it was revealed senior campaign aides for the US presidential candidate considered taking bitcoin campaign donations, but dismissed the idea. The email was part of the cache released by Wikileaks, but came to light via a social media thread dedicated to sharing noteworthy content from the many thousands of leaked messages.
For some market observers, the content of the conversation raised questions about the Clinton campaign and its knowledge of the technology.
That’s because, back in June, the Clinton campaign declared that its candidate supported public service blockchain applications. The claim implied some familiarity with the mechanics of bitcoin (it’s the first implementation of blockchain technology, after all), even though the policy seems more likely to have been written by a tech-savvy advisor.
So what is the Democratic hopeful’s position on bitcoin? The campaign did not respond to requests for comment, but other analysts shared ideas.”