The decision allows political action committees involved in federal elections to take bitcoin contributions, as long as the donors identify themselves.
The FEC's action adds some legitimacy to the controversial online currency but leaves key questions unanswered, including the maximum amount of a bitcoin contribution and whether the committees can use bitcoins to make purchases.
The limited ruling aimed to “give some guidance to the community … that is not going to raise some of the bigger issues that might accompany a bitcoin transaction,” said Ann Ravel, a Democrat who is the commission's vice chairwoman.
Read more...FEC allows political groups to accept bitcoin donations - Los Angeles Times
