US voters may make political donations in bitcoin, election commission rules

The US Federal Election Commission has approved a request from a political action committee to accept bitcoin donations worth up to $100

By , IDG News Service |  Internet

Goodman favors classifying bitcoin as an in-kind contribution. Ravel's camp views bitcoin as most like cash. "For this reason, the $100 limitation on MYL's acceptance of bitcoins was a material aspect of the proposed transaction upon which we relied when joining our colleagues in approving MYL's request," her release said.

Ravel's release went on to say that the FEC should address bitcoin contributions in rulemaking.

Send news tips and comments to jeremy_kirk@idg.com. Follow me on Twitter: @jeremy_kirk

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