Bitcoin OK for politics, with $100 limit
May 8th, 2014
03:20 PM ET
3 months ago

Bitcoin OK for politics, with $100 limit

Washington (CNN) – The Federal Election Commission on Thursday approved the use of the alternative currency Bitcoin for political contributions with limits of $100 per donor per election cycle.

The 6-member panel voted unanimously to allow the contributions, a move that could open the floodgates for donors to make political contributions with the digital currency in the upcoming midterm elections.

FULL STORY


Filed under: Campaign finance • FEC
soundoff (14 Responses)
  1. Silence DoGood

    BitCoin makes it easier to hide donation sources. The Kochs will love it. Now we will have no idea what wack-job clubs and organizations they are funding or running.

    May 8, 2014 03:48 pm at 3:48 pm |
  2. Wake Up People! Many Rivers to cross.....

    Of course they did. Anything to give the GOP that slight edge so they can " take their my kuntree back".

    May 8, 2014 03:51 pm at 3:51 pm |
  3. Rudy NYC

    I thought bitcoin crashed, or went belly up, or something. I wouldln't trust it.

    May 8, 2014 04:05 pm at 4:05 pm |
  4. Tommy G

    Much too shady! What the heck are these idiots thinkng?!

    May 8, 2014 04:15 pm at 4:15 pm |
  5. Silence DoGood

    @How appropriate
    How appropriate. Fake money to pay for fake representatives.
    ----------
    Do you really think you can go to the bank and open a vault and see "your" money. It is data, like BitCoin, just more regulated.

    May 8, 2014 04:16 pm at 4:16 pm |
  6. Silence DoGood

    @Rudy NYC
    I thought bitcoin crashed, or went belly up, or something. I wouldln't trust it.
    -----------
    A bitcoin exchange failed. Even if bitcoin disappears, derivatives and new "coins" will appear.
    Libertarians (real ones, not Rand Paul) love it because it is unregulated.

    May 8, 2014 04:19 pm at 4:19 pm |
  7. smith1

    all repos should use bitcoin. Fake money to buy fake candidates to do fake jobs In the fake world of repo nuts.

    May 8, 2014 04:29 pm at 4:29 pm |
  8. Lynda/Minnesota

    Black market money to be used for political contributions?
    Perhaps CNN will list who is receiving such funding?
    Or perhaps not ... being black market and all.

    May 8, 2014 04:35 pm at 4:35 pm |
  9. smith

    @Silence-Do you really think the Dems won`t use Bitcoin as well? Time to quit chatting with E.T. for political talking points and join Tom l and myself in speaking out of the political corruption in both parties.

    May 8, 2014 04:54 pm at 4:54 pm |
  10. bill

    Four of the six members were appointed by dem e craps.

    May 8, 2014 05:07 pm at 5:07 pm |
  11. Thomas

    Now Boko Haram can make donations to the party of No .

    May 8, 2014 05:13 pm at 5:13 pm |
  12. Gurgyl

    --with this election, GOP is pretty much gone to dogs. It is cult.

    May 8, 2014 05:24 pm at 5:24 pm |
  13. Silence DoGood

    @smith
    @Silence-Do you really think the Dems won`t use Bitcoin as well? Time to quit chatting with E.T. for political talking points and join Tom l and myself in speaking out of the political corruption in both parties.
    ------------
    I didn't say that at all. Anyone can and will use bitcoin. I was saying that those who have demonstrated in the past a desire to remain hidden will find this a new opportunity. The Koch's have generally tried to hide, while most rich Dems have made their agenda clear.

    May 8, 2014 05:48 pm at 5:48 pm |
  14. Silence DoGood

    @bill
    Four of the six members were appointed by dem e craps.
    ---------
    And they ended up making a libertarian choice – bitcoin has less government regulation.
    That is why I am comfortable as a liberal libertarian.

    May 8, 2014 05:49 pm at 5:49 pm |