The Democratic Party's political committee in the United States launched the cryptocurrency fundraising platform BlueVault.

PANews reported on January 13th that, according to Decrypt, the US Democratic Party hopes to regain the support of cryptocurrency voters and donors after its crushing defeat in the 2024 US presidential election by launching a new digital asset fundraising platform. BlueVault, which provides cryptocurrency fundraising services for Democratic political committees, went live on Monday, allowing campaigns to accept donations in Bitcoin and stablecoins. BlueVault founder Will Schweitzer stated that this move reflects growing concerns among Democrats: despite political divisions among cryptocurrency native voters, they have largely shifted to the Republican Party due to the party's lack of appealing campaign strategies.

BlueVault aims to differentiate itself from Fairshake, the cryptocurrency super PAC that funded Republican campaigns in the last election, by supporting small-scale fundraising and direct interaction. Schweitzer stated that the timing of the platform's launch was driven by political momentum surrounding regulatory clarity. He pointed to the GENIUS Act, passed last summer, as a turning point, making it possible to build compliant cryptocurrency payment systems for campaigns under Federal Election Commission regulations. At launch, BlueVault supported Bitcoin and USDC, a choice made more for legal clarity than ideological considerations.