Crypto is making its debut on the Wisconsin gubernatorial campaign trail. But the Wisconsin Ethics Commission isn't sure how it feels about it.
Phil Anderson, chair of the Libertarian Party of Wisconsin, is immersed in his campaign for governor. His platform[1] represents various libertarian ideals, such as economic freedom, criminal justice reform, and educational choice. True to his party, he is circumspect of governmental intervention and regulation.
He also believes in the power of cryptocurrency and blockchain technology.
About a week ago, his campaign launched a donation portal on its website using BitPay, a global bitcoin payment service provider. Individuals both in Wisconsin and out of state can donate bitcoin or bitcoin cash.
"There were many, many people who expressed a desire to donate in bitcoin," Anderson told ETHNews. "I know that there's interest in it not only amongst libertarians and crypto enthusiasts but also the general public."
However, the Wisconsin Ethics Commission has provided ambiguous feedback about Anderson's acceptance of bitcoin donations. State statute allows donations of money and tangible assets, but there is no provision for an intangible asset such as cryptocurrency.
To get clarification, Anderson sent the commission a letter in January to request a judgment regarding the legality of cryptocurrency campaign donations. The authority held a hearing in April – where Anderson testified in support of the donations – but due to the complex nature of cryptocurrencies, the commissioners decided to refer the case to the Wisconsin State Assembly, the lower house of the state's legislature. Although the commission did not make a concrete decision, he does not believe it opposes this type of campaign contribution.
"They were just wrestling with the definition and what their understanding of cryptocurrencies was," said Anderson.
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