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Texas Ethics Commission is pro-cryto on officeholders, others accepting contributions
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After becoming one of the top mining destinations in the US, the State of Texas is making it easier to receive crypto as a form of payment.
The Texas Ethics Commission proposed a set of new rules regarding cryptocurrency contributions. On approval, the new rule will permit candidates, officeholders, and political committees to accept cryptocurrency.
Additionally, the draft stated that it largely mirrors the way the Federal Election Commission and several other states treat cryptocurrency contributions.
“The rule would require filers to report cryptocurrency as in-kind contributions.”
However, it is to be noted that using “cryptocurrency as a currency” is not permitted. The proposal stated,
“Campaigns would be required to liquidate any
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