A Republican businessman in the United States sold 10 bitcoins to raise funds for his congressional campaign.

CoinFeed reported on May 31 that, according to Decrypt, Republican fintech entrepreneur Michael Carbonara sold 10 bitcoins for $800,000 to fund his congressional campaign, demonstrating his support for cryptocurrency in this crucial battle where the election landscape is shifting. Beyond the election, Carbonara believes blockchain can also help governments improve transparency in how taxpayer money is used.