Wisconsin Alderman Accepts Bitcoin Contributions For State Assembly Run, Runs Into Snag
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....
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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.....
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....
The long-awaited decision by the US Federal Election Commission (FEC) to allow political candidates to solicit campaign contributions in bitcoin was issued earlier this May, effectively giving campaigns the green-light to accept up to $100 per donor. The decision, an advisory opinion, treats bitcoin as cash when establishing limits on donations, though they must be reported as in-kind contributions. As a result of this announcement, a number of federal candidates have rushed to begin accepting the digital currency, joining an already strong number of local and state politicians. However,....
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....
Ruling by the United States Federal Election Commission may change politics. In a unanimous 6-0 decision the FEC has said Bitcoin contributions to political committees will be treated the same as stocks and other items of value given to committees, as reported by Dave Levinthal of the Center for Political Integrity. Tweet. This comes three days after Wisconsin's Alderman Mark Clear, who is running for a seat in the state legislature, returned about $100 worth of Bitcoin that was donated because of its unclarity. Texas Rep. Steve Stockman said he would take Bitcoin donations for his senate....