cryptocurrency Archives - State and Federal Communications

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The Fair Political Practices Commission (FPPC) of California voted to allow contributions to political candidates in cryptocurrency. Until now, contributions made in cryptocurrency were banned under all circumstances. Under the new regulation, the contribution must immediately be converted into dollars […]

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The Iowa Ethics and Campaign Disclosure Board voted unanimously to issue an advisory opinion classifying political donations in cryptocurrencies like Bitcoin and Ethereum as in-kind contributions. Candidates may accept payments but must report the cash value and the donor’s name, […]

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South Carolina Capitol Building

The South Carolina Ethics Commission issued an opinion finding candidates for public office may not accept campaign contributions in the form of digital cryptocurrencies, including Bitcoin. Advisory Opinion 2021-001 references and adopts the reasoning of a similar opinion issued in […]

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Minnesota House Chamber - Chris Gaukel [CC BY-SA 2.0 (https://creativecommons.org/licenses/by-sa/2.0)]

On May 14, a bill was introduced in the Minnesota House of Representatives to prohibit political candidates from accepting certain digital currency like bitcoin unless backed by an official legal currency. House File 2884 would prohibit an individual, political committee, […]

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On December 13, the Federal Election Commission (FEC) may consider whether allowing an individual volunteering to allow the processing power of his or her internet-enabled device to mine cryptocurrencies for the benefit a political committee would be considered a political […]

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On September 20, the Fair Political Practices Commission prohibited the use of cryptocurrency in political contributions in California. The FPPC stated the anonymity of these donations would make it difficult to discern who is attempting to influence elections. This is […]

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The Fair Political Practices Commission is considering changes to state campaign finance regulations. The commission was asked to consider the permissible use of cryptocurrency, such as Bitcoin, for campaign contributions and expenditures. Though similar to cash, such currency is not […]

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Colorado Secretary of State Wayne Williams is considering amendments to the state’s campaign finance rules. A new rule would allow committees to accept contributions in the form of cryptocurrency up to the limits for cash or coin contributions. The value […]

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