Texas Ethics Commission seeks pro-crypto rule for political contributions

Texas Ethics Commission seeks pro-crypto rule for political contributions

If approved, cryptocurrency donations and contributions will need to be reported as in-kind contributions or as investments, not currency. The proposal was filed with the Texas Secretary of State, which sought to address and clarify the reporting requirements of political contributions made with cryptocurrencies. According to the filing:“The new rule permits candidates, officeholders, and political committees to accept cryptocurrency. It does not distinguish between any types of cryptocurrencies, like Bitcoin.”If approved, cryptocurrency donations and contributions will need to be reported....


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