US Elections Watchdog Might Change Its Bitcoin Donation Rules
Amidst the backdrop of a chaotic presidential election between Democrat Hillary Clinton and Republican Donald Trump, the US Federal Election Commission is quietly debating whether to reclassify how it treats bitcoin donations. In May 2014, the FEC greenlit bitcoin donations to political campaigns, classifying them as an “in-kind” contribution, responding to a request by a Make Your Laws PAC, a North Carolina organization. At the time, the agency put a cap of $100 per contributor, an amount that corresponds to whatever the current market price is at the time of the donation. By ruling that....
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There has unfortunately been recent confusion with the Bitcoin Foundation Elections. We attempted to highlight the new criteria in our first article covering the Foundation elections and at the end of each following candidate article, gently nudged people that they might want to read the initial election article. That due to a recent change in the bylaws, members were required to "activate" their account for voting. This new change came about due to the previous election rules requiring a certain percentage of the membership to vote for a candidate for that candidate to win. Because of....
A politician from the US state of Wisconsin has returned a $100 bitcoin donation following guidance from the Government Accountability Board (GAB), a state-level campaign finance watchdog. As first publicised by the Wisconsin Reporter, Alderman Mark Clear, who is running for a seat in the state legislature, returned the donation after the GAB decided to wait for a forthcoming decision from the Federal Election Commission (FEC) as to the legality of such contributions. The FEC announced in late April that it had postponed its decision on bitcoin donations until its next meeting on 8th May.....
Anti-virus software pioneer John McAfee is now accepting bitcoin in his 2016 presidential campaign. The self-proclaimed "eccentric millionaire", who founded McAfee in 1987, shared the link to a BitPay donation page with his 29,000 Twitter followers yesterday. McAfee, with his colourful history and upcoming court date for a DUI charge, has surprised many with his candidacy. He announced he would run in the election on 8th September with his new party, the 'Cyber Party' to rally against government snooping and bureaucracy. All other donations for McAfee's campaign are being processed through....
Hong Kong's government is set to change the rules for cryptocurrency trading firms operating within the city jurisdiction.
The Bitcoin Foundation has announced updates to its corporate governance structure, including stricter rules concerning terms for board members and suggestions for a new nomination process for elections. According to a blog post, the new elections are part of the Foundation's efforts to "instate a corporate governance structure that ensures consistency, stability and accurate representation of our membership for years to come". Two of the Foundation's most prominent personalities will face re-election by members to their board positions in December - chairman Peter Vessenes for his....