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CryptoWorld News reports that Michael Carbonara, the Republican candidate for Florida’s 22nd congressional district and a fintech entrepreneur, cashed out 10 BTC this month in exchange for USDC worth $800,000 to fund his congressional campaign. Carbonara founded the digital bank 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 funds mainly come from $2.3 million in personal loans, with individual donations of about $50,000.