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LA Times: [Libertarian Jim Fulner’s] Bitcoin Campaign Donations Have Regulators Scratching Heads

By Becca Clemons

On the website for Jim Fulner’s U.S. Senate campaign, 34 letters and numbers appear in a string above the “Donate Now!” button.

They are the code for his campaign’s bitcoin wallet, where holders of the so-called digital currency can send it to the Libertarian from Michigan — without a bank acting as an intermediary.

But as with any budding technology, federal agencies must examine how its use fits in with the law, including rules for campaign donations. The Federal Election Commission discussed the technology last week, while federal regulators and experts testified about it before two Senate committees.

Read the full article here.

Thanks to Liberty Penguin for the link.

4 Comments

  1. paulie December 5, 2013

    It’s up about 10,000% from just over a year ago and about 1,000,000 to 2,000,000% from four year ago, with plenty of room to grow further. I’d say that’s pretty good.

  2. Dave Terry December 3, 2013

    From where or from WHAT do “bitcoins” obtain their value.
    From what are they made? Do they have intrinsic value?

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