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23.06.2018
Senate Hearings on Cryptocurrencies and Elections: A New Twist

On June 26, the Senate Subcommittee on Crime and Terrorism will hold a hearing entitled: "Protecting Our Elections: Examining Shell Companies and Virtual Currencies as an Opportunity for Foreign Intervention," according to a plan posted on the US Senate Committee's website. South Carolina Senator Lindsey Graham will monitor the hearing. Other details, including a list of those present, have not yet been published.

In 2014, the Federal Election Commission ruled that political campaigns and political action committees could accept BTC as a donation under current Federal law. The FEC considers contributions as in-kind donations, like stocks, bonds and other assets, as CoinDesk previously reported. However, there are strict limits on the amount that can be donated. Perhaps the issue of people depositing cryptocurrencies will be discussed at the hearing. Brian Forde, a former senior adviser to the Obama administration who was running for Congress, raised about $200,000 through cryptocurrencies.