18 Sep '13, 11am

Bitcoin Foundation presses for bitcoin campaign contributions

Bitcoin Foundation presses for bitcoin campaign contributions

The Bitcoin Foundation has sent a letter to the US Federal Election Commission, supporting calls for bitcoin campaign contributions to be officially allowed. The letter broadly supports a letter issued by the Conservative Action Fund PAC (CAF) earlier this month. The foundation calls for bitcoin-based contributions to be allowed, and points to FinCEN’s 18th March guidance on virtual currencies as evidence that the government is already recognizing the currency as having an equivalent value in ‘real’ currency. The foundation’s letter argues that Internet-based payments are already an accepted source of campaign contributions. Even SMS payments are currently permitted following a decision by the commission a year ago, the letter points out, arguing that methods have been devised to ensure that payments are not taken from unauthorized sources. A screening technique proposed b...

Full article: http://www.coindesk.com/bitcoin-foundation-presses-bitcoi...

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