Boots & Sabers

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2041, 24 Apr 18

Cryptocurrency for Campaigns

It’s an interesting quandary.

The state Ethics Commission is taking public testimony today on whether to allow Wisconsin campaigns to accept cryptocurrencies such as Bitcoins.

In February, the chair of the Wisconsin Libertarian Party asked the commission for a public hearing and formal opinion on accepting cryptocurrencies. Chair Phil Anderson wrote in the request that the party and its campaigns has been offered donations in cryptocurrencies and sought advice on:

*how to calculate such donations toward campaign limits;

*what registration of cryptocurrency accounts is required;

*what information must be provided — such as donor address and profession — for accepting and disbursing campaign funds from cryptocurrencies.

Since it isn’t legal tender, I’d think it would be treated as an “in-kind” donation and calculated at its dollar value at the time donated.


2041, 24 April 2018

1 Comment

  1. Kevin Scheunemann

    This is why campaign finance will be impossible to regulate.

    Liberals thrive on oppressive control. Crypto-currency represents the ultimate in de-centralization.

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