November 9, 213
The Federal Election Commission (FEC) is proposing to allow federal candidates to receive digital donations, though the agency plans to prohibit campaigns from spending the virtual currency known as bitcoin.
“The Commission concludes that CAF may accept Bitcoins as in-kind contributions under valuation, reporting, and disbursement procedures, as described below,” the FEC said in its advisory opinion. “CAF may not, however, make disbursements using Bitcoins.”
The Emergency Election Sale is now live! Get 30% to 60% off our most popular products today!