Capitol Report: Rand Paul taking bitcoin donations

Open up your virtual wallet Sen. Rand Paul is taking donations.

WASHINGTON (MarketWatch) In what appears to be a first for a presidential campaign, Rand Paul is accepting donations made in bitcoin.

The cryptocurrency would appear to be a good thematic fit for the presidential campaign of the Republican senator from Kentucky, who has somewhat of a libertarian bent. Paul also accepts credit card or PayPal donations.

While new at the presidential level, candidates for U.S. Congress did take bitcoin after a Federal Elections Commission advisory opinion gave its support.

Most who accept bitcoin as payment quickly convert it into good-old-fashioned U.S. dollars, though the FEC opinion doesnt require this.

Also read: Bitcoin has no place in your or any portfolio.

From four-figure highs, one bitcoin was worth roughly $254 on Tuesday.

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Capitol Report: Rand Paul taking bitcoin donations

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