Other states, like California, have requested politicians not to admit bitcoin donations. Kansas is the only state banning such contributions. The Federal Election Commission lets crypto donations to campaigns for federal office.
On Tuesday the Wisconsin Ethics Commission arranged a public hearing on a require from the state’s Libertarian Party relatively to the acception of guidelines for crypto contributions to political campaigns. Phil Anderson, the party’s chairman, aims to know how such donations would be calculated relatively to the limits established 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 Chicago Board Options Exchange offers a futures market for bitcoin. Corporations and governments are weighing in on not ‘whether’ to address cryptocurrencies, but ‘how’.
Phil Anderson, Chairman, The Libertarian Party
Staff counsel for the commission David Buerger convinced he is not yet aware of any establishments in Wisconsin in which cryptocurrency contributions to state campaigns were given or accepted. Bitcoin is strongly supported by Libertarians. The idea of a decentralized cryptocurrency, not regulated by a central official or bank, is alongside their political views and opposition to government control over the national currency.
During Tuesday’s meeting, commissioners offered that if cryptocurrencies were estimated as a monetary contribution, crypto donations would be issued with the $100 limit towards to cash contributions. Larger donations have to be made by a credit card either a bank check.