The Milwaukee Journal Sentinel reported on July 23 that the Libertarian Party’s candidate for the governorship of Wisconsin will accept Bitcoin donations over the reservations voiced by the state Ethics Committee, saying crypto is a “serious challenge” to compliance with state law.
Earlier this year, the state’s Libertarian Party had asked the State Ethics Commission to clarify if the use of crypto donations is legal. In May of this year, the Commission passed the buck to the Wisconsin Legislature, saying that “allowing cryptocurrency donations presents a serious challenge to the commission’s ability to ensure compliance with state law.”
Politics And Crypto
The candidate, Phil Anderson, said his decision to accept crypto donations is not a way of thumbing their noses at the state commission, as he believes they are abiding by the law.
Anderson, however, had stronger words for the commission if they filed a complaint, saying that:
“We will not allow the lack of appropriate interpretation of the current statute [to] affect the First Amendment rights of those who want to show support and contribute. I have no faith in the Assembly to handle this fairly nor expeditiously.”
The Federal Election Commission’s (FEC) 2014 advisory opinion is currently the only reference point for crypto campaign donations, and it ruled that Bitcoin counts as an “in-kind donation”, or a contribution of goods and services, rather than money to purchase goods and services.
Several state commissions, however, have ruled against crypto donations or sat on the fence this year, as the FEC advisory has become obsolete due to the changing role of crypto and the continued rise of altcoins.