<p>BitPAC, a political action committee (PAC), is conducting an initial coin offering (ICO) to support candidates for public office.<br /> <br /> The committee will issue “politicoin” tokens, Dan Backer, founder of BitPAC, <a href="https://www.coindesk.com/political-group-launches-ico-to-support-us-house-candidate">told</a> CoinDesk in a report published on Wednesday.</p> <p>“It’s a utility token, not a thing of value. I don’t care if people want to buy, sell trade their token, if an exchange wants to list it that’s [fantastic]. We have some larger scale, grand or long-term plans but we have to start [somewhere],” Backer was quoted as saying.</p> <p>To start with, BitPAC plans to support a single candidate - Dan Bishop, a North Carolina state senator running for the U.S. House of Representatives in a special election. Looking ahead, BitPAC plans to build a platform where voters can support any registered candidate from both Republican and Democratic parties, per the report.</p> <p>Last month, supporters of 2020 Presidential candidate Andrew Yang launched a super PAC to accept bitcoin donations. Yang is also in <a href="https://www.theblockcrypto.com/tiny/2020-presidential-candidate-andrew-yang-is-in-favor-of-blockchain-voting/">favor</a> of blockchain voting and has previously <a href="https://www.yang2020.com/policies/digital-asset-regulation/">called</a> for "clear guidelines” on cryptocurrencies.</p>