{"id":330222,"date":"2021-08-25T20:10:00","date_gmt":"2021-08-25T17:10:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/county-treasurer-in-illinois-accepts-crypto-donation-in-reelection-bid\/"},"modified":"2021-08-25T20:10:00","modified_gmt":"2021-08-25T17:10:00","slug":"county-treasurer-in-illinois-accepts-crypto-donation-in-reelection-bid","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/county-treasurer-in-illinois-accepts-crypto-donation-in-reelection-bid\/","title":{"rendered":"# County Treasurer in Illinois accepts crypto donation in reelection bid"},"content":{"rendered":"<p>&#8220;<strong># County Treasurer in Illinois accepts crypto donation in reelection bid <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDgvMjE0YzcyZWItOWIyNy00OWUwLWI0NWMtZGRlZDYwZDY5NDNkLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Holly Kim, a treasurer in Lake County, Illinois, has reportedly become the first political candidate in the state to accept crypto campaign donations.<\/p>\n<p>According to the Chicago Tribune on Wednesday, Kim recently <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.chicagotribune.com\/news\/breaking\/ct-crypto-illinois-elections-bitcoin-dogecoin-20210825-uelpwz77pvctxbxxkqijqom7ca-story.html\">received<\/a> a $3 Litecoin (LTC) donation from Mark Tan, founder of T Capital Coin, an investment management outfit based in Lake Forest.<\/p>\n<p>The Lake County Treasurer who is up for reelection in 2022 plans to accept Bitcoin (BTC) and many of the popular cryptocurrencies including Ether (ETH), Dogecoin (DOGE), and Dai (DAI).<\/p>\n<p>For Kim, accepting crypto donations opens up a \u201cnew frontier\u201d for support from tech-savvy people, adding: \u201cIt seems to be how people want to give.\u201d<\/p>\n<p>Kim, a Democrat is also a crypto enthusiast and has reportedly tried to use her position as a former trustee in Mundelein to encourage cryptocurrency adoption in the village. <\/p>\n<p>Given her interest in cryptos, the self-professed \u201clong-time netizen\u201d has plans to hold on to the crypto donations in the expectation of a possible price advance in the market.<\/p>\n<p>Cryptocurrencies enjoyed parabolic gains at the start of the year in a continuation of the upward trend that began in Q4 2020. However, prices have declined significantly since May with many tokens over 50% of their value.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Can Political Fundraising Through Crypto Find Mainstream Acceptance?<\/em><\/strong><\/p>\n<p>Though arguably uncommon, crypto political donations are not unheard of in the United States. Indeed, the Federal Election Commission legalized crypto political campaign contributions as far back as 2014.<\/p>\n<p>Back in June the National Republican Congressional Committee \u2014 the Republican Party\u2019s election coordinator \u2014 announced plans to begin accepting crypto donations. Former U.S. Presidential aspirant Andrew Yang also accepted crypto donations during his campaign back in 2020.<\/p>\n<p>Several state and federal legislative aspirants have also accepted crypto donations, often in a bid to spur contributions from the younger more tech-savvy demographic.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/county-treasurer-in-illinois-accepts-crypto-donation-in-reelection-bid\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# County Treasurer in Illinois accepts crypto donation in reelection bid &#8221; Holly Kim, a treasurer in Lake County, Illinois, has reportedly become the first political candidate in the state to accept crypto campaign donations. According to the Chicago Tribune on Wednesday, Kim recently received a $3 Litecoin (LTC) donation from Mark Tan, founder of&#8230;<\/p>\n","protected":false},"author":1,"featured_media":330223,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDgvMjE0YzcyZWItOWIyNy00OWUwLWI0NWMtZGRlZDYwZDY5NDNkLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74863,75162,74355,70288,32681,67874],"class_list":["post-330222","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-cryptocurrencies","tag-litecoin","tag-adoption","tag-elections","tag-politics","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/330222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=330222"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/330222\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/330223"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=330222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=330222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=330222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}