Bitcoins, think tanks and the Koch brothers

By Laurie Bennett

December 11, 2013 at 9:12am

As if there isn’t enough dark money in the think tank funding stream, at least one organization is now accepting bitcoin.

The Acton Institute for the Study of Religion and Liberty has announced that it will take the internet currency for donations and tuition payments.

Think tanks, as Sen. Elizabeth Warren pointed out last week, are not required to publicly release the names of their funders.

In the spotlight lately for its soaring value, bitcoin provides anonymity at a level harder to achieve in traditional banking.

So combine bitcoins with think tanks and the result is likely to be even less transparency.

We’re not suggesting that Acton is doing anything illicit. But it certainly is affording backers another layer of secrecy.

We found the funders shown in the interactive Muckety map above through ongoing checks of various foundation tax returns.

Like many of its supporters, Acton opposes big government. It has criticized the Obama administration for its approach to health care, gun control, energy and many other issues.

Some backers of the institute - including billionaire Charles Koch and Blackwater founder Eric Prince - also have demonstrated a deep affection for secrecy.

So we have to wonder: Does Acton’s new policy mean that Prince and the Koch brothers are now dealing in bitcoins?

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  • #1.   Amin 12.11.2013

    Vee must STOP the capitalists from subverting our people’s republic! Vee must put an end to financial privacy, and require all patriotic citizens to disclose their transactions to the people’s bureau of financial regulation!

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