FEC Will Not Allow Bitcoin Campaign Contributions 49
First time accepted submitter memnock writes "ABC new reports: 'Political organizations can't accept contributions in the form of bitcoins, at least for now, The Federal Election Commission said Thursday. The commission passed on a request by the Conservative Action Fund, a political action committee, to use the digital currency. That group had asked the FEC recently whether it could accept bitcoins, how it could spend them and how donors must report those contributions. It was not immediately clear whether the same ruling would apply to individual political candidates.' Slashdot reported earlier this week that other federal agencies have taken positions that may recognize or regulate the currency."
Re:unless... (Score:5, Funny)
Now, now - stop exaggerating. Corporations aren't allowed to simply buy elections. There is an approved bidding process. Candidates are shown off like prized cattle, and the corporations have to attend the auction, make their bids, then wait for election day to find whether their bids were successful. One does NOT simply waltz in, choose his candidate, and purchase him!