(Bloomberg) — The National Republican Congressional Committee will begin accepting campaign contributions via cryptocurrency, the party announced Thursday.
The NRCC, House Republicans’ campaign arm, said the move would allow it to use new technology to support the party’s House candidates.
“We are focused on pursuing every avenue possible to further our mission of stopping Nancy Pelosi’s socialist agenda and retaking the House majority, and this innovative technology will help provide Republicans the resources we need to succeed.” NRCC Chairman Tom Emmer said in a statement.
The NRCC will accept cryptocurrency using Bitpay, a provider of Bitcoin and cryptocurrency payment services.
Bitcoin, the most well-known cryptocurrency, has had a wild year. It doubled in value over four months to more than $64,000 in April, before pulling back to about $39,000 currently.
—With assistance from Kristine Aquino.
More Must-Reads from TIME
- Cybersecurity Experts Are Sounding the Alarm on DOGE
- Meet the 2025 Women of the Year
- The Harsh Truth About Disability Inclusion
- Why Do More Young Adults Have Cancer?
- Colman Domingo Leads With Radical Love
- How to Get Better at Doing Things Alone
- Michelle Zauner Stares Down the Darkness
Contact us at letters@time.com