Will digital dollars soon fund U.S. political campaigns? If a conservative political action committee has its way, supporters will be able to donate to federal elections using bitcoins, a relatively new form of virtual currency. The Conservative Action Fund PAC this week asked the Federal Election Commission to approve rules governing the use of this online form of currency. The move seeks to push the technology envelope for federal regulators who just last year endorsed political donations via text message for the first time. The FEC has 60 days to respond to requests such as these but can extend the amount of time it takes to consider the matter. “As bitcoins become a bigger part of the economy, we see a future in this … particularly among libertarian-minded voters,” said Dan Backer, the Conservative Action Fund lawyer who filed the FEC request.Full Article: Regulators to weigh bitcoin donations in politics.
Sep 6 2013