Illinois Political Candidate Holly King Accepts Crypto Donations
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On August 26, Holly Kim, treasurer of Lake County, Illinois, became the first political candidate in the state to accept crypto campaign donations. Kim recently received a $3 Litecoin (LTC) donation from Mark Tan, founder of T Capital Coin, an investment management firm based in Lake Forest, the Chicago Tribune reported on Wednesday. The Lake County treasurer, who is up for re-election in 2022, plans to accept Bitcoin (BTC) and a number of popular cryptocurrencies, including Ethereum (ETH), DOGE, and Dai. For Kim, accepting crypto donations opens up a “new area” for supporting tech-savvy people, she said, adding: “People seem to want to do that.” Kim, a Democrat, is also a crypto enthusiast who reportedly tried to use her former trusteeship in Mundelein to encourage cryptocurrency adoption in the village. Given her interest in crypto, the self-proclaimed “longtime internet user” plans to keep crypto donations in the hopes that market prices may rise. |
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