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Title: FEC to rule on Bitcoin contributions on 5/8. This document says they will. Post by: Jordan23 on May 08, 2014, 01:39:45 AM Does it really matter?
http://www.fec.gov/agenda/2014/documents/mtgdoc_14-24-b.pdf Title: Re: FEC to rule on Bitcoin contributions on 5/8. This document says they will. Post by: franky1 on May 08, 2014, 02:51:43 AM Does it really matter? http://www.fec.gov/agenda/2014/documents/mtgdoc_14-24-b.pdf basically the electrion commity can buy bitcoins for investments. bt for tax reasons cannot spend bitcoins buying products or giving away, thy must cash out to fiat before doing anything with them.. in short. buy to hoard investment. not buy to use as currency for me i see it as a positive, as US government are going to use bitcoin as a investment 'vessel'. meaning if the government trusts bitcoin as an investment. and hackers trust bitcoin as a secure uncrackable store of wealth. drug dealers trust bitcoin to avoid revealing their business secrets. and legit merchants trust bitcoin to get extra customers..... then everyone should trust bitcoin Title: Re: FEC to rule on Bitcoin contributions on 5/8. This document says they will. Post by: Bit_Happy on May 08, 2014, 05:02:25 AM At current prices "we" will not be the difference maker in many elections.
Long-term this could be a really big deal if BTC contributions are allowed in every type of race. Title: Re: FEC to rule on Bitcoin contributions on 5/8. This document says they will. Post by: saizai on May 08, 2014, 01:22:05 PM https://makeyourlaws.org/fec/bitcoin for more info.
Live hangout starts in 40 min. Public Q&A with me after if you want to join in. (I run MYL PAC, which submitted this request.) Title: Re: FEC to rule on Bitcoin contributions on 5/8. This document says they will. Post by: saizai on May 08, 2014, 01:32:31 PM basically the electrion commity can buy bitcoins for investments. bt for tax reasons cannot spend bitcoins buying products or giving away, thy must cash out to fiat before doing anything with them.. Nothing to do with tax. Election law. Looks like they couldn't come to an agreement on its status as commodity enough to approve usage for disbursement. Quote in short. buy to hoard investment. not buy to use as currency Neither draft A (Republican) nor draft B (Democrat) would have allowed bought Bitcoins to be used other than as investment; A (and our compromise proposal) would've allowed it for Bitcoin received as a contribution and kept unliquidated. Also note that C doesn't say it's illegal, it just doesn't opine either way. In theory we could sue them to get a final answer; not sure whether we want to our have the financial support for it. Either way, it's still a significant positive step towards "legit" use of Bitcoins as a means of exchange, which'll probably improve over time. Title: Re: FEC to rule on Bitcoin contributions on 5/8. This document says they will. Post by: RUEHL on May 08, 2014, 01:59:22 PM Interesting... guys in the trade rooms might want to make note of today's ruling.
Negative ruling, little if any impact. Positive ruling, BTC pops 10 or 20 basis points. Title: Re: FEC to rule on Bitcoin contributions on 5/8. This document says they will. Post by: _smudger_ on May 08, 2014, 03:58:35 PM it's been passed
http://www.thewire.com/politics/2014/05/fec-rules-pacs-can-accept-bitcoin-donations/361928/ Title: Re: FEC to rule on Bitcoin contributions on 5/8. This document says they will. Post by: BitOnyx on May 09, 2014, 01:42:22 PM Even if it would matter it would only be important factor in US. As you know mobility of coins can provide big independence from government.
Of course as long as users want. |