Republican fintech entrepreneur Michael Carbonara liquidated 10 Bitcoin for $800,000 in USDC to fund his campaign for Florida's 22nd Congressional District. Carbonara, founder of digital bank Ibanera, advocates for blockchain transparency in campaign finance and government spending. He previously outraised competitors, including Rep. Debbie Wasserman Schultz, before redistricting. His campaign is largely self-funded, with $2.3 million in personal loans and $50,000 in individual contributions. He accepts crypto donations and follows FEC rules, echoing pro-crypto stances of Trump and RFK Jr. Carbonara argues blockchain can expose inefficiency and fraud in government, a position also taken by other candidates this cycle.

Key facts

• Michael Carbonara sold 10 Bitcoin for $800,000 USDC to self-fund his campaign.
• He is running for Florida's 22nd Congressional District after redistricting.
• Carbonara advocates for blockchain transparency in campaign finance.
• His campaign is largely self-funded with $2.3 million in personal loans.
• He accepts crypto donations and follows FEC rules.

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