Fight of the Libertarian Party amongst the Government to make Accept BTC despite Unclear Legal Framework

2018-7-24 20:22

The Libertarian Party candidate for Wisconsin governor will accept Bitcoin (BTC) donations despite the state’s Ethics Commission’s finding them a “serious challenge” to compliance with state law, local news agency the Milwaukee Journal Sentinel reported July 23.
Earlier this spring, the Wisconsin Libertarian Party had asked the State Ethics Commission to clarify whether the use of cryptocurrency for political contributions is legal.
I have no faith in the Assembly to handle this fairly nor expeditiously.”
The Federal Election Commission’s (FEC) 2014 advisory opinion currently serves as the main reference point for crypto campaign donations, ruling that BTC is an “in-kind donation” — a form of contribution that provides goods and services, rather than the money to purchase those goods and services.
Cointelegraph reported in May that a Colorado initiative proposing that crypto campaigns donations would be capped the same as fiat ones, with anonymous contributions limited to $20, could serve as a precedent if passed.

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2018-7-13 17:16


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In recent regulatory news, the CFTC chairman has warned that the regulator is falling behind its international counterparts with regards to virtual currency and blockchain regulations; a U. S. Congressional bill is advocating the incorporation of cryptocurrencies into the regulatory mandate of FinCEN; and a candidate of the Wisconsin Libertarian Party is accepting donations in the […] The post U.