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Ethics Commission asks Legislature to decide bitcoins

By: Associated Press//May 4, 2018//

Ethics Commission asks Legislature to decide bitcoins

By: Associated Press//May 4, 2018//

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MADISON, Wis. (AP) — The Wisconsin Ethics Commission is asking the state Legislature to decide what to do about campaign donations made in bitcoin and other digital currencies.

The commission’s administrator asked the chairmen of Senate and Assembly elections committees on Friday to “provide clarity to candidates and committees as to whether they may accept contributions of cryptocurrency.”

The Ethics Commission last month held a public hearing in response to a request from the Wisconsin Libertarian Party, which argued it should be allowed to accept bitcoins.

The federal government, Montana and Washington, D.C., already allow campaign contributions in bitcoins, but most states have been slow to embrace cryptocurrencies because the source of the donation is untraceable.

The Wisconsin Ethics Commission says it also has concerns about the anonymity of the donations.

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