Congressman Accepts Bitcoins While FEC Doesn't

A Congressman has stated he will accept Bitcoins as contributions, after the Federal Election Commission could not agree on whether to permit their use as contributions.

Business Insider reported that Rep. Steve Stockman, R-Texas, is now accepting Bitcoins for campaign contributions to his 2014 campaign against Sen. John Cornyn, R-Texas. It is not clear if his campaign committee had actually received any Bitcoins.

In November, the Federal Election Commission failed to agree on Bitcoin use as a contribution. See earlier posting for details.