Post
Topic
Board Bitcoin Discussion
Re: Lets get Ron Paul to accept BTC
by
acoindr
on 27/06/2013, 18:23:21 UTC
When he was running he did not accept them for FEC reasons.

I think this was an issue with regard to compliance with the FEC's reporting requirements.  FEC should be fine as long as donations are properly reported.  I know the FEC allows campaigns to accept non-USD donations as long as they are reported with an accurate USD value attached, however I'm not sure if this applies to something that could be classified as a commodity / "investment".  They need to show that the donor was an American citizen as well.

I believe New Hampshire State Representative Mike Warden was the first ever politician to accept Bitcoin donations. Reporting requirements was an issue that came up for that too:

https://bitcointalk.org/index.php?topic=99968.0
http://www.markwarden.com/page/contribute-campaign