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Michael Carbonara, the Republican candidate for Florida’s 22nd Congressional District and a fintech entrepreneur, liquidated 10 BTC this month in exchange for $800,000 worth of USDC to fund his congressional campaign. Carbonara founded the digital banking and payments company Ibanera in 2017 and said that his campaign team accepts external crypto donations and complies with the rules of the U.S. Federal Election Commission (FEC). FEC data shows that his campaign funding mainly comes from a $2.3 million personal loan, with individual donations of about $50,000. (Decrypt)