Authorities in the state of Wisconsin have discussed the adoption of guidelines regarding cryptocurrency contributions to political campaigns, as requested by the Libertarian Party. Other states, like California, have urged politicians not to accept bitcoin donations. Kansas is the only state prohibiting such contributions. The Federal Election Commission allows crypto donations to campaigns for federal office.
Also read: Majority of US States Have Taken a Stance on Bitcoin and Blockchain
Libertarians: The Question Is Not “Whether” but “How”
The Wisconsin Ethics Commission held on Tuesday a public hearing on a request from the state’s Libertarian Party regarding the adoption of guidelines for crypto contributions to political campaigns. The party’s chairman, Phil Anderson, wants to know how such donations would be counted toward the limits set by the state in dollars.
“Digital currencies, such as bitcoin, litecoin and ethereum, are more and more widely accepted as currency and as stores of value,” the libertarian said, quoted by the La Crosse Tribune. “The Chicago Board Options Exchange offers a futures market for bitcoin. Corporations and governments are weighing in on not ‘whether’ to address cryptocurrencies, but ‘how’,” Anderson wrote in the request.
David Buerger, staff counsel for the commission, admitted he is not yet aware of any instances in Wisconsin in which cryptocurrency contributions to state campaigns were given or accepted. Libertarians are among the stronger supporters of bitcoin. The idea of a decentralized cryptocurrency, not controlled by a central authority or bank, is in line with their political views and opposition to government control over the national currency.
During Tuesday’s meeting, commissioners suggested that if digital currencies were counted as a monetary contribution, crypto donations would be subject to the $100 limit applicable to cash contributions. Larger donations must be made
