FEC Decision on Bitcoin Political Campaign Donations Delayed
There's been talk in the media of the Federal Election Commission potentially allowing Bitcoin donations to political campaigns. Not terribly long ago (earlier this month, in fact), we even reported on the topic. It looks like the decision to give the proposal the green light has been delayed, according to a Reddit submission on Thursday. The vote reportedly concluded with 3 in favor of allowing Bitcoin contributions, and of course, 3 not in favor. The commission at this point is apparently uncomfortable with their present understanding of Bitcoin, but will likely vote in favor and pass....
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The US Federal Election Commission (FEC) has delayed a formal decision on whether to allow bitcoin-denominated campaign contributions, widely expected to be announced today. However, a senior official suggested that limited contributions may be acceptable in the future. As reported by The Hill, the commission was considering a petition to allow bitcoin campaign contributions in amounts up to $100. The petition was submitted by Make Your Laws (MYL) PAC. During the meeting, Commission Vice Chairwoman Anne Ravel reportedly gave voice to potential issues regarding the anonymity associated with....
Following the unanimous decision yesterday by the Federal Election Commission (FEC) to approve the acceptance of bitcoin donations for political campaigns, Democrat Jared Polis has already started accepting bitcoin for his re-election campaign. The campaign committee, Jared Polis for Congress, announced yesterday that the Colorado Representative was one of the first politicians to accept digital currencies. Donations can be made on Polis' website, which was launched shortly after the FEC vote yesterday. In a written statement, Polis said: "I am thrilled that the FEC has chosen to take a....
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....
The US Federal Election Commission (FEC) has determined that political campaigns and political action committees (PACs) may accept bitcoin as a form of in-kind donation under current federal election laws. The FEC previously delayed a decision on a request for clarification from Make Your Laws (MYL) - an organisation that facilitates political contributions - which sought guidance on how it could go about accepting and using bitcoin donations, as well as general rules for handling digital currencies. In its draft report, the FEC tracks closely with comments made previously by the....
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....