Cryptoart is Bernie Sanders by JeninaCrypto.

The adoption of NFTs has taken a new direction. Some US congressional candidates are using them to collect donations for their campaigns ahead of the new congressional elections, which are expected to take place on November 8.

Due to the novelty that NFTs represent not only for the cryptocurrency ecosystem but for the economy in general, the collections can be considered quite modest compared to other means of payment. For example, Senator Bernie Sanders, in his 2020 presidential campaign, raised more than $ 6 million in 24 hours, all in donations through bank payment means.

Regulations on campaign donations

Despite the use that is being given to the NFT within the recent electoral campaigns to the United States Congress, the regulations of their use are in a gray area. In 2014, an advisory opinion called for donations in bitcoin to be limited to payments of no more than $ 100, just like donations in cash. This under the allegation of how difficult it is to trace the origin of funds through bitcoin.

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