Christina Gagnier is the latest US congressional candidate to accept campaign donations in bitcoin.
The Democrat representing California’s 35th congressional district is a business owner and lawyer who specializes in technology and, more specifically, the Internet.
Gagnier said that several of her constituents had asked if she would begin accepting bitcoin donations, and when guidance issued by the Federal Elections Committee (FEC) in May allowed her to, she embraced the idea.
She told CoinDesk:
Gagnier has partnered with Coinbase to begin the initiative.
Innovation vs regulation
Gagnier acknowledged that politicians who speak publicly about their positive experiences with digital currencies could help bring them further into the mainstream. In addition, she continued, Congress needs representatives who bring technological fluency to the country’s regulatory body.
“Technology impacts and will impact every single industry,” she said, citing the recurring theme in bitcoin’s development that technology outpaces the law. “Having a Congress comprised of individuals from a variety of the backgrounds is the way that we get regulation that makes sense and is practical for various industries.”
She said that she wants to see digital currency help the growth of small businesses that operate on- and offline, but that there needs to be more guidance and clarity on the subject:
For example, she said, California’s bill to make bitcoin “lawful money” doesn’t provide regulations “for the issuance and circulation of bitcoin, but it is a good first step to see how these types of currencies can actually work to benefit our local economy”.
The new election environment
Gagnier’s campaign is focused on innovation and new ideas to spur economic growth in her district, she said.
California’s 35th congressional district includes Chino, Ontario, Pomona, Montclair, Fontana, Rialto and Bloomington. It is part of the Inland Empire region of the state and sits within both Los Angeles and San Bernardino Counties.
Disclaimer: CoinDesk founder Shakil Khan is an investor in BitPay.
Image via Gagnier for California
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.