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USA: Financing political parties with bitcoins

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American bitcoin may soon gain the ability to use the digital currency to fund political campaigns.

The US Federal Election Commission will consider the specific request, which was submitted by the political group Make Your Laws, an independent organization that leverages technology to give its members a stronger voice in elections and democracy.

Approval of such a request could allow users to make political contributions with bitcoins in upcoming elections.

This is a sign of the growing acceptance of the popular digital currency, as more and more businesses and individuals begin to accept Bitcoin payments as an alternative payment method.

The Make Your Laws group had submitted a similar request last year, but it was rejected by the relevant committee.

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