The Federal Election Commission (FEC), the independent regulatory agency that oversees federal elections, will soon issue a ruling on whether campaign donations can be made in alternative currencies, Politico reported on September 4.
The Conservative Action Fund, a conservative PAC that is aiming to increase the number of elected Republican politicians, made the request.
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“As increasing numbers of individuals trade in bitcoin, political parties and candidates also wish to accept and spend this new currency,” Dan Backer, a spokesperson for the political law firm DB Capitol Strategies, wrote in the request, the media outlet said.
For more analysis on the pending decision, click here.
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