RATE Group | Bitcoin For America: Cryptocurrencies In Campaign Finance
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Bitcoin For America: Cryptocurrencies In Campaign Finance

31 May Bitcoin For America: Cryptocurrencies In Campaign Finance

Posted at 11:25h in Bitcoin News by

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Last week, Secretary of State of Colorado Wayne Williams proposed a new set of rules for financing political campaigns, which now includes a section on cryptocurrencies. The original edition of the draft introduces the same caps for crypto donations as for fiat ones, while limiting anonymous contributions to $20. The move renders the overall picture of individual states’ handling political crypto contributions spottier than ever, as the last few months saw states adopting divergent approaches to the issue.

Although a 2014 advisory opinion by the Federal Election Commission (FEC) remains a major reference point for anyone who seeks to boost their chances for election with digital money, this non-regulatory document is barely fit to serve as a definitive guide into the world of crypto campaign finance.

The FEC came up with a set of guidelines in May 2014, responding to an inquiry from a Super PAC named Make Your Laws. This entity, which advocates for replacing representative…

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