Last week, the Federal Election Commission approved bitcoin for in-kind donations in political campaigns and political action committees (PACs). Not surprisingly, one of bitcoin’s biggest champions in D.C., Colorado Representative Jared Polis, began accepting BTC on his website almost immediately. Thus far, the contributions have been nothing to scoff at: 39 donators had sent Polis […]

Last week, the Federal Election Commission (FEC) published a draft version of an advisory ruling allowing in-kind donation of bitcoin to political campaigns and political action committees. Shortly after the announcement, noted bitcoin supporter Representative Jared Polis (D-CO) launched a bitcoin-donation page on his website. Bitcoin donations are likely to be seen as little more […]

After months of delay, the US Federal Exchange Commission (FEC) has ruled that political campaigns and political action committees (PACs) can accept bitcoin donations. The FEC’s draft advisory opinion originated from a request from Make Your Laws PAC, Inc. (MYL), and treats bitcoin donations as in-kind donations rather than cash donations. Under the ruling, bitcoin […]

The Federal Election Commission has carefully avoided making a definitive statement on the legality of bitcoin donations to political candidates. Late last year, the FEC went so far as to say that it would be investigating bitcoin donations before the next mid-term elections, but offered no insight about how current donations should be handled. With […]