Holly Kim, a treasurer in Lake County, Illinois, has reportedly earned the pioneering position across America, by being the first political candidate to support crypto-enabled campaign donations.
Specifically, Kim has reportedly been on the receiving end of a $3 Litecoin (LTC) donation from Mark Tan, founder of T Capital Coin, an investment management entity headquartered in Lake Forest.
The Lake County Treasurer – who is preparing for his run in the upcoming reelection in 2022 – is reportedly looking to add Bitcoin (BTC), as well as a variety of different well-known virtual coins such as Ether (ETH), Dogecoin (DOGE), and Dai (DAI), to the list of viable cryptocurrencies for his campaign election.
According to Kim, crypto donations will reportedly unlock the door to a “new frontier”, in terms of the support received from tech-savvy individuals, as “It seems to be how people want to give.”
Kim is reportedly a pro-crypto Democrat, and has attempted to utilize her professional status as a former trustee in Mundelein to amp up the crypto adoption rate across the village.
Taking into account how keen she is on cryptos, the self-professed “long-time netizen” is reportedly having plans down her pipeline to keep the crypto donations on her own balance sheet, anticipating a potential price surge across the market.
Cryptocurrencies have reportedly witnessed growth in a parabolic pattern at the beginning of 2021, which is a continuation of the incline growth rate which started in the last quarter of 2020.
Nonetheless, prices have experienced a major slump since May with numerous tokens more than half of their value.