We sent Bitcoin to Congress … Where did the BTC come from?
The Chamber of Digital Commerce recently launched a bold new initiative called Crypto for Congress. With support from pioneering Members of Congress and U.S. partners across the blockchain ecosystem the Chamber’s PAC is proud to have given contributions, in #bitcoin, to the campaigns of every Member of Congress.
Crypto for Congress’ mission is to raise awareness, understanding and acceptance of cryptocurrencies, digital assets and blockchain technology among our nations’ leaders in Washington. In putting together this initiative we wanted to showcase the tremendous innovation and entrepreneurship that U.S. companies are contributing to the borderless, open-source blockchain industry. One vertical in particular, cryptocurrency mining, is seeing a convincing share of global activity shift towards miners based in the United States.
Core Scientific kicked off the process by generating hashpower across their facilities in Dalton, GA, Calvert City, KY, and Marble, NC. To produce the #MinedInAmerica BTC, they pointed their hashpower at a pool managed by Luxor Mining.
The hashpower that Core Scientific produced was directed at a dedicated BTC mining pool run by Luxor’s US-based team. On October 5, 2020 a clean block was mined to generate bitcoin specifically for the contributions that the Chamber’s PAC made to the 541 Members of Congress.
Once the #bitcoin block was mined, the newly minted coins were deposited into the Chamber PAC’s wallet. From there, the BTC was sent to wallet addresses that were designated for each of the Congressional campaigns.
After the bitcoin reached the campaigns wallets, Flipside Crypto’s Boston-based team verified the American provenance of the bitcoin that was sent to the campaigns. Flipside tracked all transactions from the moment they were mined by Luxor’s pool, through to when the campaigns received them. Flipside Crypto proudly certified that the Chamber PAC’s bitcoin was #MinedInAmerica !
America’s footprint in the cryptocurrency industry is growing larger by the day and we are eager to showcase U.S.-based companies that are pushing the boundaries of the digital frontier. We are proud to see the contributions that our fellow Americans are making to this globally distributed movement and hope that our effort further illuminates the promise and potential that our industry is already demonstrating right here on U.S shores.
FEDERAL LAW PROHIBITS CHAMBER OF DIGITAL COMMERCE PAC FROM SOLICITING CONTRIBUTIONS FROM ANYONE OTHER THAN ASSOCIATION MEMBERS, EXECUTIVE AND ADMINISTRATIVE PERSONNEL OF THE ASSOCIATION, AND WITH PRIOR CORPORATE APPROVAL, EXECUTIVES OF CORPORATE MEMBERS OF THE ASSOCIATION AND THEIR SPOUSES. ANY CONTRIBUTION RECEIVED FROM ANY OTHER PERSON WILL BE RETURNED TO THE DONOR.
BE PART OF A UNIFIED VOICE FOR THE BLOCKCHAIN TECHNOLOGY ECOSYSTEM
BE PART OF THE UNIFIED VOICE FOR THE BLOCKCHAIN TECHNOLOGY ECOSYSTEM