US Elections Watchdog Might Change Bitcoin Rules
The US Federal Elections Committee is quietly debating whether to reclassify how it treats bitcoin donations.
Coinbase has shut down its political action committee after 10 months without raising any funds or backing any candidates.
The FEC is open to allowing mining pools to donate to political campaigns, but such donations would qualify as "contributions."
A candidate for Congress wants to reward campaign volunteers and participants with an ethereum-based token. FEC officials are set to give their approval.
US election officials are considering a request that, if approved, would let people contribute to political campaigns by mining cryptocurrencies.
Coinbase formed a Political Action Committee, though it is unclear which candidates it plans to support at this time.