Bitcoin's Growing Role in US Politics
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....
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