Agatha Bacelar, who is a 27-year old Congressional candidate, is hoping to raise $1 million in donations via crypto. Agatha Bacelar, who is gunning for Nancy Pelosi’s seat in California, wants those who believe in her to send donations in BTC, ETH, BCH, or USDC. Her campaign added that the $1 million amount was the same as the amount of Facebook stock that Pelosi owns.
On Bacelar’s campaign donation page, her message is quite compelling. The page claims that Agatha wants to unseat Pelosi to get rid of the political establishment that is denying future generations the economic freedom they deserve. Another political candidate that has expressed support for crypto is Andrew Yang, who wants to be the Democratic presidential candidate.
Bacelar has a STEM background and thus falls within a key category of politicians that young voters identify with. She talks about other issues that connect with young people and mentions that such issues personally keep her up at night.
How She Will Get The Cryptocurrency Donations
Coinbase will be assisting Bacelar in her effort to raise campaign funds via crypto. Pelosi has been in Congress since 1987 and she will be up for re-election in the 2020 primaries. Three other candidates have declared interest in her seat with Bacelar being considered a long shot. While Pelosi may have a long resume and many accomplishments during her time in Congress, many young people believe it’s time for a change as Pelosi appeals to many baby boomers, not the millennial generation. As a result, new blood in Congress that understands crypto might be more agreeable for them.
A Promise to Revive Crypto
On Bacelar’s campaign page, it is claimed that crypto is currently facing a bleak future, which is a major reversal from what it was in the US a while back. The page blames federal intervention that has forced innovators to leave the US. It added that fewer blockchain startups are incorporating in the US. Additionally, the page blames inaction and policies that push out the competition as the reason why Web 3.0 has not been realized yet.
A More Focused Approach
Many politicians have been talking about crypto and blockchain for a while now. However, most of them use it as a buzzword without going into much detail about what they will do for the industry. This is why most crypto experts do not buy anything positive politicians say about crypto. It is because even people who are opposed to crypto inside the federal government sometimes express positive sentiments about the blockchain. For instance, Steve Mnuchin recently said he understood the separation between Bitcoin and blockchain during a CNBC interview.
However, Bacelar appears more focused and understanding of the issue. However, only times and the results of the election will tell if the innovation she wants to bring will have a significant impact on the crypto space. It is quite nice to see that politicians are embracing the topic. This could help to shake the negative image that crypto has at the federal level.
Image Source: Agatha for Congress Twitter