Federal Election Commission may Allow Bitcoin Donations to American Political Candidates

Bitcoin enthusiasts may soon be able to use the digital currency to support political campaigns.

The Federal Election Commission will consider a request this Wednesday that could open the floodgates for donors to make political contributions in Bitcoin in the upcoming mid-term elections.

It's a sign of increased acceptance of the upstart currency, as more businesses and individuals are starting to embrace Bitcoin payments as an alternative to credit cards.

If the panel rules in favor, it would be a turnaround from last fall, when the election commission deadlocked on a similar request.

link.