Bitcoin lobby launches spending PAC

The Bitcoin industry has formed a political action committee that it could use to shower lawmakers and party committees with donations.

The Chamber of Digital Commerce, a month-old trade group for digital currencies and assets like Bitcoin, registered a political spending group with the Federal Election Commission in August.

The group is still in its infancy and has no immediate plans to support individual candidates, CEO Perianne Boring said. Still, formation of the PAC is a sign of increasing maturity for Bitcoin and a signal that politicians could face political pressure to support virtual currencies.