Wisconsin Candidate Lobbying For Bitcoin Donations at State Level
Now that federal-level political candidates have gotten the all-clear (more or less) from the Federal Election Commission to accept Bitcoin, state-level candidates want into the cool kids’ club too. Mark Clear, a Democrat running for a State Assembly seat in Madison, Wisconsin, has begun lobbying for local approval for state candidates to take Bitcoin donations. Clear attended a meeting of the state’s Government Accountability Board (GAB) last week to argue in favor of widening the Bitcoin-in-politics pool. “If Bitcoin is good enough for federal candidates, it ought to be good enough for....
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This morning, Pfhub reported that Alderman Mark Clear of Wisconsin had returned a Bitcoin donation accepted by his political campaign for State Assembly. The Wisconsin Government Accountability Board (GAB) had previously ruled not to allow Bitcoin or any Digital Currency donations given their value fluctuation and non-negotiable value status. Though people in the GAB have voiced suggestions for Bitcoin donations to be treated as in-kind donations, echoing the current status quo on handling Bitcoin donations around the country, the official word in Wisconsin that is being handed down to all....
A politician from the US state of Wisconsin has returned a $100 bitcoin donation following guidance from the Government Accountability Board (GAB), a state-level campaign finance watchdog. As first publicised by the Wisconsin Reporter, Alderman Mark Clear, who is running for a seat in the state legislature, returned the donation after the GAB decided to wait for a forthcoming decision from the Federal Election Commission (FEC) as to the legality of such contributions. The FEC announced in late April that it had postponed its decision on bitcoin donations until its next meeting on 8th May.....
It would appear as if the idea of accepting bitcoin as campaign contributions is going beyond the borders of Texas, where a Congressman is accepting the digital currency in his run for Senate, and another in his run for State Governor. Madison, Wisconsin Alderman Mark Clear became the state's first candidate to embrace bitcoin as a means to finance his campaign. Clear, who is running for State Assembly, is no stranger to technology. As the executive director of Accelerate Madison, his job is to "[advance] the strategic role of digital technology in business growth, economic expansion, and....
United States senator Bernie Sanders, a Presidential hopeful as a candidate for the Democratic nomination up against Hillary Clinton and whose entire campaign funding comes predominantly from donations is now accepting bitcoin, perfectly coinciding with his image as a grassroots candidate. With about 2 million donors, 5.7 million contributions at an average of $27 to a total of $138.9 million, 99.98% of which are campaign donations, Bernie Sanders has the numbers to back his claim as a grass roots candidate. It’s only prudent on his part then, that he’s perfectly willing for his campaign....
A bill to allow political donations denominated in bitcoin has passed in the Tennessee legislature. Tennessee House Bill 701 was approved with a 61-28 vote on 20th April in the House of Representatives, according to a report by the Chattanooga Times Free Press. The Senate version of the bill, SB 674, was passed in late March. The law, when proposed in February, was intended to enshrine in state law a decision made last year by the US Federal Election Commission (FEC) allowing bitcoin donations. That law set an annual cap of $100 and reporting requirements for those who make such donations.....