FEC May Allow Bitcoin Campaign Donations
The Federal Election Commission has released a draft of what could best be described as the ability to collect Bitcoin donations to political campaigns. The caveat? Campaigns would be require to convert the Bitcoin to fiat in order to spend it. This means campaigns will need to bring their Bitcoin donations to an exchange and convert to the U. S. Dollar, and would be required to count any fee charged by the exchange as part of the initial donation. "Bitcoin contributions should be valued as in-kind contributions. The amount of 2 an in-kind contribution is the usual and normal value of the....
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One presidential candidate in Romania has made waves in his campaign by announcing that he will open up donations in Bitcoin. Remus Cernea, a former Green Party member who is known for speaking out on religious discrimination and unsustainable technologies, made the announcement Thursday: “I’m the first politician in the world who has announced that his presidential campaign will accept donations in Bitcoin. It is a world first as far as I know.” (American Libertarian Party candidate for president Darryl Perry would say otherwise).
United States senator Bernie Sanders, a Presidential hopeful as a candidate for the Democratic nomination up against Hillary Clinton and whose entire campaign funding comes predominantly from donations is now accepting bitcoin, perfectly coinciding with his image as a grassroots candidate. With about 2 million donors, 5.7 million contributions at an average of $27 to a total of $138.9 million, 99.98% of which are campaign donations, Bernie Sanders has the numbers to back his claim as a grass roots candidate. It’s only prudent on his part then, that he’s perfectly willing for his campaign....
Today, US presidential candidate Donald Trump announced his plan to make campaign donations exclusively in cryptocurrency. At a campaign rally in Wisconsin, Trump used the statement as an opportunity to take a shot at the wife of his rival main Ted Cruz, Heidi, who had previously worked at multinational investment banking firm Goldman Sachs. Clinton: It’s time our currency represents women. Trump stated that prefers to accept campaign donations in Trumpcoin, a cryptocurrency modeled after his likeness. Ted Cruz shot back at Trump’s criticism of his wife and his campaign’s independence:....
Dan Elder, a US House candidate in the 1st Congressional District of Missouri, has announced that he will fund his election campaign solely on bitcoin donations. Starting on 11th July, Elder's campaign website will only accept bitcoin donations. The candidate hopes to draw attention to digital currency during both his campaign and, if elected, his time in office. A decision by the Federal Election Commission (FEC) allows in-kind donations in bitcoin, with a limit of $100. The May decision, prompted by questions from political action committees, opened the doors for campaigns to accept....
A Romanian lawmaker has announced that he will be accepting bitcoin donations during his run for presidency. Remus Cernea Constance is a flamboyant independent member of parliament and an avid secularist, known for his campaigns against discrimination based on religious affiliation, and for the separation of church and state. He is a former member of the Green Party and a campaigner for sustainable technologies. Green bitcoins. The politician made headlines with his announcement on Thursday that his campaign would accept donations in the currency, saying: "I'm the first politician in the....