Donations in Bitcoins for Politicians? Why not!
There is no secret in the fact that politicians, parties and organizations receive donations regularly and especially intensively during the preparations for elections or other remarkable arrangements. Since the bitcoin crypto currency becomes more and more popular there has been opened a discussion on whether donation can be made digitally, not with real, physical dollars. The representatives of the Conservative Action Fund PAC or shortly CAF have compiled a letter for the federal Election Commission or the FEC. The main question – can the politicians and their forces receive donations in....
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The virtual currency Bitcoin is probably best familiar to people who are shopping for narcotic drugs in on-line stores just already nonfunctional Silk Road. A new Federal Election Commission ruling might expand the list of what is possible to purchase with bitcoins with a juridical realm: buying politicians. This week the FEC decided to approve a legal opinion to permit federal political campaigns to take contributions in bitcoins. The politicians shall use bitcoins in the same manner they use donations of stock. This value of this kind of "gift" will be converted to usual currency....
A bill to allow political donations denominated in bitcoin has passed in the Tennessee legislature. Tennessee House Bill 701 was approved with a 61-28 vote on 20th April in the House of Representatives, according to a report by the Chattanooga Times Free Press. The Senate version of the bill, SB 674, was passed in late March. The law, when proposed in February, was intended to enshrine in state law a decision made last year by the US Federal Election Commission (FEC) allowing bitcoin donations. That law set an annual cap of $100 and reporting requirements for those who make such donations.....
Remus Cernea is seeking to become president of Romania, and he's hoping to do it with the help of donations (as most politicians would). Except, unlike most politicians, Cernea has announced his desire to accept bitcoin donations for his campaign. The announcement was made Thursday at a press conference, where Cernea said the following: "I'm the first politician in the world who has announced his candidacy for presidential elections and accepting donations in Bitcoin. It is a world first[,] that I know." But the candidate isn't simply looking for an easy way to get money. He's genuinely....
Bitcoin has been caught in the crosshairs of many politicians around the globe, which can be both a curse and a blessing at the same time. Some politicians will openly embrace Bitcoin – or at least as long as it fits their agenda – while others will call Bitcoin “a financial instrument that should be avoided at any cost.” Whether you are into politics or not, the upcoming presidential elections in the United States could prove to be an interesting moment in history for Bitcoin. Rand Paul Accepts Campaign Donations in Bitcoin. Most of our readers will have heard about Presidential contender....
Bitcoin donations have been helping homeless people, Ebola patients, Edward Snowden, and hundreds of other causes. Now, bitcoin will be helping U.S. Senator Rand Paul fund his 2016 presidential campaign. Rand Paul’s decision to accept bitcoin sets himself apart from the rest other politicians in the US. Besides a few state-level politicians, Paul is the first political candidate to accept bitcoin for campaign donations. The first-term senator does not have to worry about legal issues accepting bitcoin either; the Federal Elections Commission voted 6-0 in 2014 to allow Bitcoin donations to....