Could Bitcoin Transform America's Political Fundraising?
At a New Year's Eve event in the NYC Bitcoin Center, congressional candidate Steve Stockman went all out for bitcoin. A Republican representative in the Texas 36th District, Stockman wore a QR code associated with a bitcoin address, encouraging BTC donations for his Senate campaign. Stockman needs the money. According to USA Today, his campaign lacks the financial resource of his incumbent opponent, Senator John Cornyn, whom he will face in a district Republican primary battle. USA Today also reported that Cornyn's campaign account contains $7m, while Stockman has $32,000. It's no wonder....
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A new crypto bill was introduced in Washington on Thursday, focusing on the potential for utilizing Bitcoin (BTC) in federal tax transactions. Republican Representative Warren Davidson has aligned with the vision of making America the “crypto capital of the world,” as previously articulated by President Donald Trump. Davidson’s proposed Bitcoin for America Act aims to […]
The new Engage Raise platform will enable federal political candidates to raise campaign funds through bitcoin and other cryptocurrencies starting in July.
Trading volume on peer-to-peer exchanges broke another all-time high in most of South America, Russia, and even in the U.S. South America Following Venezuela. According to recent stats, Bitcoin continues to gain popularity presenting itself as a way out from accentuated inflation, demonetization policies and general economic and political uncertainty in troubled countries. Besides Russia (as usual), LocalBitcoins has registered another record week across South America. Countries including Chile, Venezuela, Colombia, and Brazil are all seeing record high trading volumes in their respective....
Politics in today’s world no longer has anything political about it, and how Bitcoin revives The Political.
Last November, the Federal Elections Commission (FEC) voted 3-3 over a proposal allowing political campaigns to accept bitcoin donations. While, in effect, the FEC didn't say no to bitcoin, it also left some important questions unanswered. The proposal was brought to the FEC by lawyers of the Conservative Action Fund (CAF), which, as a political action committee, wanted to pressure the FEC into looking at the merits of bitcoin as a tool for fundraising. During the hearing, FEC commissioners did come to some conclusions regarding bitcoin's role in political contributions, summarized in an....