Campaign finance is the funding of political campaigns and candidates by individuals, organizations, or Political Action Committees (PACs). It also encompasses related activities such as electioneering communications. Campaign finance affects how much money a candidate can spend on their campaign and who they are able to solicit contributions from. In addition, it provides insight into which interests support particular politicians or parties.
In order for an individual or organization to donate in U.S. federal elections, there must be full disclosure of all donations over $200 USD via Federal Election Commission (FEC) reports . The FEC collects data about donors’ occupations and employers so that citizens can understand the sources behind certain amounts donated to specific candidates throughout each cycle . Furthermore, these restrictions limit foreign interference with domestic politics due to laws prohibiting any non-U.S citizen from contributing more than $2,800 total during an election cycle . There are similar regulations in place at state level too – depending on where you live your donation limits may differ significantly across different states !
The role of cryptocurrency within this financial system has become increasingly significant over recent years , especially since 2018 when the first congressional race accepted bitcoin donations instead of US dollars! This enabled people around the world with access to cryptocurrencies (such as Bitcoin & Ethereum) regardless of citizenship status or nationality , enabling them to contribute towards a cause they believed in without having previously lived inside its jurisdiction . As digital currencies continue expanding both domestically and internationally , we’re likely going see further changes being made within our current campaign financing systems soon !
