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Federal Elections Committee approves bitcoin donations to political committees

WASHINGTON (Reuters) – The U.S. Federal Election Committee said on Thursday that the virtual currency, bitcoin, could be used for donations to political action committees under certain conditions. In a unanimous vote, the FEC, which enforces U.S. campaign finance laws, said a political committee could accept donations in bitcoins up…

FEC warns Gingrich for paying himself with campaign funds

The Federal Election Commission (FEC) has sent a second letter to Newt Gingrich’s campaign asking them to explain why almost $1 million dollars was paid to a small group of people including the presidential candidate. The Washington Times reported on Wednesday that Gingrich, members of his staff and several consultants…

Six reasons limits on Super PACs are barely limits at all

By Marian Wang Ask any campaign-finance expert about Super PACs and you’ll likely keep hearing one word: “coordination.” That’s because Super PACs — the super-powered groups that can raise and spend unlimited amounts of money from anyone — have just one crucial restriction on their powers: By law, they’re not…

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