Flames are ravaging Los Angeles, and the crypto community is organizing in response to this tragedy. With the launch of an emergency fund by The Giving Block, cryptocurrency donations are resuming to help victims. But behind this outpouring of generosity lies an ambition: to prove that crypto-assets, often criticized, can become effective and transparent tools of solidarity.
Crypto donations: an innovative surge of solidarity
Faced with the devastating fires that have hit Los Angeles since January 7, 2025, and which are causing cryptos to go up in smoke, The Giving Block reacted quickly by launching an emergency fund. The objective is clear: rraise $2 million to support the victims.
Jared Isaacman, CEO of Shift4, committed to double a million dollars raisedtaking generosity to dizzying heights.
Why crypto donations? According to Ben Pousty, director of operations of The Giving Block :
“ Offering in cryptocurrency allows you to optimize your generosity fiscally by avoiding taxes on capital gains. »
Cryptos, far from being simple speculative instruments, stand out here as catalysts of modern generosity.
The advantages are notable:
- Fast, borderless transactions;
- Reduced fees compared to traditional systems;
- Increased transparency thanks to blockchain.
The platform, already known for its interventions during previous crises, such as Maui fires in 2023confirms that crypto can be a lever for social transformation.
A drama in Los Angeles that mobilizes all forces
Los Angeles is burning, and it's not just the temperatures that are rising: anger is also brewing on social networks. As Elizabeth Warren calls for supporting disaster victims through local organizationscritics point to the use of platforms charging fees.
A certain “DataRepublican” even jokes about the Democrats’ alleged generosity:
“ Why not just donate directly to the firefighters? »
In the meantime, the situation on site is critical: massive evacuations, blocked roads, and destroyed infrastructure. Crypto donations enable here valuable responsivenessoffering an alternative to traditional systems that are sometimes congested.
For many, this crisis is a new opportunity to prove that the crypto community can combine innovation and humanity. The support goes well beyond just digital dollars: it's abouta collective commitmenttranscended by technology.
However, it should be remembered that crypto exchanges have also played a crucial role in the past. In 2023, Binance allocated $3 million in crypto to victims of the Moroccan earthquake, showing that digital solidarity can extend on global scales. A lesson for skeptics to ponder.
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