Monday, July 23, 2018

WI Libertarian told not to accept Bitcoin donations

Libertarian candidate accepts Bitcoin donations that could be illegal - Max Bayer, Milwaukee Journal Sentinel:

July 23, 2018 - "The Libertarian candidate for governor says he will accept campaign donations in Bitcoin, despite a state Ethics Commission finding that such donations appear to be illegal.

 "'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,' said a statement from Phil Anderson, who is running for governor and is the chairman of the state Libertarian Party. 'I have no faith in the Assembly to handle this fairly nor expeditiously.'

"Anderson asked the Ethics Commission to allow candidates to accept Bitcoin and other forms of cryptocurrency. In May, the commission referred the matter to the Legislature because it found a contribution in cryptocurrency 'does not appear to fit' the acceptable categories spelled out in statutes ... [and] suggested the Legislature address two facets of cryptocurrency: its constantly changing value and the anonymity of donations....

"Cryptocurrencies, such as Bitcoin and Etherium, are internet-based currencies that can be used to buy goods or services. They were founded on the principle that currencies should be decentralized.

"Anderson emphasized that he believes he and his party are complying with the law.... If a complaint is filed against him and the Ethics Commission intervenes, Anderson said he and the party are 'going to push back all the way'....

"Anderson said there shouldn't be any concern regarding donations to his campaign. His portal uses Bitpay and requests donors' names, addresses and phone numbers."

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