Final answer:
Political campaign donations and spending are carefully regulated to balance anti-corruption efforts with First Amendment protections, as evidenced by landmark Supreme Court rulings and the establishment of contribution limits and disclosure requirements.
Step-by-step explanation:
Political campaign donations and spending are regulated in various ways, including the Federal Election Campaign Act which set contribution limits and public disclosure requirements.
These regulations offer a balancing act between attempting to curb corruption and protecting First Amendment rights to freedom of speech, including the Supreme Court ruling in Buckley v. Valeo that upheld the right of candidates to spend their own money and rejected spending limits as unconstitutional.
The creation of super PACs following decisions like Citizens United further complicated the landscape, allowing for unlimited fundraising provided there is no coordination with candidates' campaigns.