Now You Can Make Donations Via Bitcoin

It looks like the FEC will allow campaigns to accept donations via the digital Bitcoin currency.

The Hill reports that the FEC says federal candidates and campaigns can take in donations from Bitcoins, but they can’t spend them. Instead, they will have to convert the crypto-currency to dollars before using them.

Bitcoins exist only online but can be used to buy real-world goods and services, and are accepted by a growing number of Internet retailers.

Proponents of allowing bitcoins in politics say they expect it be in wide use during the 2014 cycle and argue political campaigns should be able to tap into the currency’s growing popularity.

Some campaigns are already accepting the currency, particularly libertarians who would prefer a reduced federal government role in the monetary system.