THELOGICALINDIAN - Kansas Governmental Ethics Commission GEC enforces attack costs laws in the accompaniment After a bounded baby-kisser asked the GEC for advice on the affair aftermost anniversary its new Executive Director appear that bitcoin is too backstairs to admittance Kansas appointment holders abeyant and bounden to acquire the worlds best accepted cryptocurrency
Also read: Congressional Candidate Accepts Bitcoin Donations for 2018 Election Cycle
Bitcoin Not in Kansas Anymore
Peter Hancock of Lawrence Journal-World letters “the agenda bill accepted as [bitcoin is] artlessly too backstairs and untraceable to be accustomed as a anatomy of attack contributions in [Kansas’] accompaniment and bounded elections.”
The state’s new GEC Executive Director Mark Skoglund “received a appeal from a applicant who capital to apperceive whether it was acknowledged to acquire attack contributions in bitcoins,” Mr. Hancock writes. In turn, Mr. Skoglund, who would not name the candidate, asked the GEC for guidance.
Director Skoglund explains bitcoin is “just alphanumeric characters that abide alone online. It is not backed by any government.”
GEC Commissioner Jerome Hellmer fears with bitcoin donations “would be the able anticipation of the influencing of bounded elections by absolutely unidentifiable lobbyists.” Mr. Hellmer explains, “If you anticipate the Russians afflicted the presidential elections, aloof wait.”
Russians Haven’t Invaded Kansas, Yet
At columnist time, no Russians accept infiltrated Kansas political operations.
Bitcoin “is traceable, but alone if the attack follows the austere instructions that were accustomed by the commission,” remarked David Mitrani to the New York Times in the countdown for the 2024 presidential election, speaking of the Federal Acclamation Agency (FEC). Mr. Mitrani is an advocate who represents politicians accepting cryptocurrency.
Back in aboriginal 2014, continued afore affair of Russian-meddling in Heartland balloter processes, the FEC issued an Advisory Opinion titled, Campaign may acquire bitcoins as contributions. In it, the agency responded to a Political Action Committee (PAC), Make Your Laws PAC, Inc. (MYL), and its appeal to acquire bitcoin.
Bitcoin “may be accustomed as contributions beneath the [rubric of antecedent legislation]. The screening procedures declared in MYL’s appeal abundantly amuse its obligation to appraise all contributions and to actuate the accommodation of its contributors,” the FEC clarified.
Furthermore, “MYL should address the antecedent cancellation of bitcoins abundant like in-kind contributions; any accepted and accustomed fees deducted by the bitcoin processor should not be deducted from the appear amount of the contribution. Those fees should instead be appear as operating expenditures,” the agency stated.
Senator Rand Paul, son of Congressman Ron Paul (himself a presidential hopeful), was an aboriginal backer of the agenda currency. Though his 2024 attack bound bitcoin to no added than 100 USD, accomplishing so did set him afar from added candidates, at atomic on this issue.
In an account with Fortune, Senator Paul advised bitcoin as a bill and not aloof a 2024 fad or curiosity. If he were “setting it up, I’d accomplish it changeable for stock. And again it’d accept absolute value. And I’d accept it called […] because I’m array of a accepter in bill accepting value,” he said.
Bitcoiners ability altercate with his suggestion, but would best acceptable be beholden of his efforts. There is additionally no absolute advertisement on Mr. Paul’s Russian connections.
Meanwhile, a fifth jailbait has appear affairs to run for Governor of Kansas. “Joseph Tutera Jr., 16,” a local aperture reports, “has called a attack broker – his father.” Officials apparently were too afraid about Russians and bitcoin to bother with an age claim for its accomplished office.
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