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Is cryptocurrency a potential threat to the U.S. election?

“Using cryptocurrencies will increase the likelihood of illegal campaign donations.”

During a hearing of the Subcommittee Crime and Terrorism on June 26, witnesses in the U.S. Congress voiced their concerns about the potential for using cryptocurrencies to make illegal campaign donations.

Dueweke, a director at The Identify and Paythe IDPAY, stated in his testimony that the virtual currency is “tailor-made” to influence the political process in the United States. Dueweke analysis said that for Bitcoin and other cryptocurrency systems, “crime The molecular discovery of the relative anonymity of these systems is a kind of gospel. “

According to Dueweke, the problem with virtual currencies on a global scale is that it may allow “a network of thousands of exchange points to connect the rest of the world with the United States and possibly into the treasury of political candidates.”

One of Duewellke’s concerns is that Russia uses virtual currency to influence the U.S. political system. He pointed out that the country intends to issue its own cryptocurrency and considers the use of a 13% encryption tax on Bitcoin and other cryptocurrencies, which may put them in a good position.

Dueweke highly evaluated the “unbelievable possibilities” of blockchain technology. At another subcommittee hearing in May, a U.S. congressman mentioned that the blockchain made “the world change.”

Last week, the U.S. House of Representatives issued a memo that requires all members of the House of Representatives to disclose their holdings of over 1,000 U.S. dollars in encrypted assets.

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