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Republican Candidate Liquidates 10 Bitcoin for $800K to Fund Florida Congressional Campaign

GateNews

2026-05-31 15:51:45

BTC-0.29%

According to Decrypt, Republican fintech entrepreneur Michael Carbonara liquidated 10 Bitcoin for $800,000 in USDC stablecoin this month to help bankroll his congressional campaign in Florida's 22nd District, a newly redrawn seat. Carbonara, founder of digital banking platform Ibanera, has positioned his campaign around pro-crypto advocacy and blockchain-based government transparency. FEC data shows his $2.3 million war chest is anchored primarily by personal loans, with the cryptocurrency liquidation marking his latest tranche of self-funding.

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