Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
August 29, 2014

Jared Polis Will Take Your Bitcoins

The Federal Election Commission has voted to allow bitcoin contributions to political action committees, and it wasn’t long before Rep. Jared Polis announced he’d take those contributions for his re-election campaign.

“I am thrilled that the FEC has chosen to take a forward looking stance on digital currencies, recognizing the rights of individuals seeking alternatives to government backed currencies to participate in our democratic political process,” the Colorado Democrat said in a statement Thursday.

CQ Roll Call’s Eliza Newlin Carney writes that the commission’s vote “lends legitimacy to the virtual currency but leaves unclear how valuable or useful bitcoins will prove to be in elections.”

Polis isn’t the only politician accepting the digital currency. Carney writes:

Bitcoins have grown increasingly popular with political committees and candidates, most notably libertarians, who have forged ahead in collecting them even in the absence of approval or guidance from the FEC. Candidates and committees collecting bitcoins include Rep. Steve Stockman, R-Texas, who lost his primary challenge to Sen. John Cornyn in March, and the Livingston County Libertarians in Michigan.

Back in March, Polis sent what TechCrunch described as a “cheeky” call  to ban the dollar bill in response to a call from Sen. Joe Manchin III, D-Va., for the digital currency to be prohibited over concerns about instability and use in illegal activity. Polis also bought $10 worth of the digital currency in April from a demonstration ATM that a company brought to Capitol Hill.

  • YONATAN C

    THE REPUBLICAN SENATE NEEDS TO PASS THE LONG AWAITED UNEMPLOYMENT EXTENSION BILL, FOR THE 2.6 MILLION OF FAMILIES THAT HAVE BEEN WITHOUT BENEFITS SINCE LAST DECEMBER. SINCE LAST DECEMBER, MILLIONS OF FAMILIES HAVE FACED FINANCIAL RUIN, HAVE FACED EVICTION, HOME FORECLOSURES, PERSONAL BANKRUPTCY, AND HOMELESSNESS, WHILE THE REPUBLICANS CONTINUE PLAYING THEIR “PARTY POLITICS” IN THE SENATE. THE TIME HAS COME FOR THE “ELECTED OFFICIALS” TO START REPRESENTING THE AMERICAN PEOPLE, AND NOT THE XL OIL PIPELINE LOBBY INTEREST. THAT IS THE REASON FOR THIS FIVE MONTH DELAY AND BATTLE IN THE SENATE TO PASS THE EXTENSION BILL. THE REPUBLICANS HAVE BEEN HOLDING THE EXTENSION BILL AS “HOSTAGE” UNTIL THEIR “SPECIAL INTEREST GROUP” GETS THEIR OIL PIPLINE APPROVED. THE REPUBLICANS HAVE ACTUALLY ASSISTED WITH MAKING THESE UNFORTUNATE FAMILIES SUFFER, IN ORDER TO GET THEIR OWN BILL PASSED BY THE PRESIDENT. AS A “FORMER” REPUBLICAN, I CAN HONESTLY SAY THAT I WILL NEVER AGAIN VOTE FOR THEIR PARTY.

  • Dopple Gang

    Since civilization and competitive free markets are dynamic, spontaneous, and unpredictable, one must always be ready to adapt to their inevitable changes.

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