8 US Politicians to Receive Bitcoin By Mail This Week
A carefully selected group of US Congress members will soon receive bitcoin donations in the mail. For some, it will likely be the first time they come into direct contact with digital currency. Led by a Washington, DC-based political action committee (PAC) focused on bitcoin policy called BitPAC, the initiative will distribute $250 worth of bitcoin in paper wallets to eight members of Congress, including Chuck Schumer (D-NY), Rand Paul (R-KY) and Paul Ryan (R-WI). Additional politicians who will receive the donations include Ron Wyden (D-OR). Ted Cruz (R-TX). Jeb Hensarling (R-TX). Maxine....
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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....
So here's an interesting story originally reported by CoinDesk this evening. Eight members of Congress are expected to receive $250 worth of bitcoin my mail in the coming days, a move that's designed to expose them to the world of digital currency. It's the doing of BitPAC, an organization launched early this year that hopes to "further democratization of currency" through financial contributions to politicos. That makes the PAC - or political action committee - part of their name make a whole lot more sense. Here's their mission statement, pulled from their website: Our mission is to....
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