Political donations aplenty: Event recap for North American Blockchain Summit

Share This Post

Republican presidential candidate Vivek Ramaswamy, Independent presidential candidate Robert F. Kennedy, Jr. and many U.S. lawmakers were in attendance at NABS 2023.

Once branded for a Texas-specific audience, the North American Blockchain Summit (NABS) shook things up in 2023 — changing its location and name as many United States lawmakers prepared for an election season.

Hundreds of crypto and blockchain enthusiasts gathered in Fort Worth, Texas from Nov. 15-17 to network, discuss mining, and listen to politicians and industry leaders talk about developments in policy and regulation affecting the space. Among the headliners of the event were longshot Republican presidential candidate Vivek Ramaswamy, Independent presidential candidate Robert F. Kennedy, Jr. and current lawmakers including Wyoming Senator Cynthia Lummis and Texas Senator Ted Cruz.

North American Blockchain Summit on Nov. 16. Source: Cointelegraph

Patriotism and U.S.-centered interests seemed to be the theme at NABS in 2023. Daily events kicked off with the playing of the U.S. national anthem on trumpet as a digital American flag waved on screen, and doors were open to exclusive fundraisers with many speakers in exchange for a sizable donation. In RFK Jr.’s case, the recommended donation started at $1,000; for Ramaswamy, $3,300 for an attendee; for Lummis and Cruz, $250.

In both 2021 and 2022, the Texas Blockchain Council — one of the main organizers for the conference — hadn’t hosted the event prior to a major U.S. election. Attendance appeared to be low in November 2022 amid a crypto market downtown and the collapse of the FTX exchange. In 2023, the event included QR codes linked to campaign websites scattered across lounge areas and calls to donate to crypto-friendly politicians prior to panels.

Speaking to Cointelegraph on Nov. 16, RFK Jr.’s campaign message seemed to be focused on taking Americans’ personal finances out of the control of centralized institutions and the U.S. government. He also commented on discussions in Congress about whether members should be allowed to hold certain assets like stocks and crypto, in contrast to average retail investors.

“I own crypto, I own Bitcoin, and if I get into office I’m going to do things that make Bitcoin more valuable,” said the presidential candidate. “I’m not doing it to benefit my personal portfolio but I think it’s important for the public to know that I have that conflict and that I should have to disclose that conflict at the very least.”

Related: Rep. Tom Emmer: Digital assets will be a ‘sleeper issue’ for 2024 elections

Once considered by many to be a longshot candidate running to win the Democratic nomination for U.S. President, RFK Jr.’s numbers in a Nov. 1 Quinnipiac poll showed the candidate at 22% in a three-way race against former President Donald Trump and current President Joe Biden. In interviews and on the campaign trail, Kennedy has repeatedly pushed misleading or false information on vaccines. He has many supporters among crypto users amid reports he gifted his children Bitcoin (BTC) and his views on financial freedom.

The NABS conference came roughly one year before the United States is set to vote for many Senators, members of the House of Representatives, local lawmakers, and the U.S. Presidency. Both chambers could be flipped or remain in the hands of the Republican or Democratic parties depending on the outcome of the election, which could affect how Congress handles digital asset legislation moving forward into 2025.

Magazine: GOP crypto maxis almost as bad as Dems’ ‘anti-crypto army’

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

El Salvador Reinforces Bitcoin Allegiance: Purchases BTC in Defiance of IMF Agreement

The government of El Salvador has clarified that it will continue pushing bitcoin as part of its economic strategy, even as it inked an agreement with the IMF to wind down its bitcoin operations El

XRP Historic Moment Coming In 2025? This Crypto Exchange Believes So

In the cryptocurrency space, XRP is gaining much attention, and many people are making predictions regarding its prospects for 2025 Bitstamp, a cryptocurrency exchange, excites investors with its

Stablecoin Frenzy: USDE Nears $6B as USD0 Rockets Past $1B in Market Supply

Over the past month, the stablecoin market has swelled over $200 billion, and two fiat-backed tokens have experienced eye-catching expansions Ethena’s yield-generating stablecoin, USDE, has

Hex Founder Richard Heart Included in Europol’s Most Wanted List

Richard Shueler, also known as Richard Heart, the founder of Hex, Pulsechain, and Pulsex, has been included in Europol’s most wanted criminals list Shueler’s profile is listed as wanted

Everyone is Eyeing XRP Gains While This Presale with Huge Potential Is Under the Radar

Ripple (XRP) has been on a wild ride, turning heads with its recent rally, climbing more than 20% over the past week After securing partial clarity in its legal battle with the SEC, the token has

XRP Battles Critical $2.20 Support Level — Will It Target $2.70 Or Slip To $1.96?

XRP has been trading in a decline over the past few days alongside the broader cryptocurrency market However, despite this lull, the XRP price has managed to maintain its critical support levels and