Bitcoin backers argue that the cryptocurrency should be immune from the inflationary impacts of tariffs or eroding faith in the U.S. dollar. Others are skeptical.
The Federal Election Commission says crypto donations are subject to the same rules and contribution limits as conventional contributions are — but some states ban them, as the currencies are harder to trace and regulate.
The cryptocurrency’s price is up about 40 percent this year, inching closer to its pandemic-era high of nearly $69,000 per coin, and vindicating those who held on through recent lows.