National Blockchain Committee: Difference between revisions
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(=== State Knowledge Base === Find information state cryptocurrency donation rules, blockchain regulations and state based blockchain businesses. * For 2018 crypto legislation as of July 2018, you can check out: http://www.ncsl.org/research/financial-...) |
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|[[Colorado Blockchain|Colorado - CO]]<br /> | |[[Colorado Blockchain|Colorado - CO]]<br /> | ||
| Yes. "regulation holds donations made in digital money to the same limit as regular cash donations. The USD value of crypto received is to be determined by the market value at the time of contribution, and campaigns are obliged to report all subsequent gains and losses as well." <ref>https://cointelegraph.com/news/from-california-to-colorado-how-us-regulates-the-political-donations-in-crypto</ref><ref>https://content.govdelivery.com/attachments/COSOS/2018/05/16/file_attachments/1008159/20180516_CPF_WorkingDraftRules.pdf</ref> | | Yes. "regulation holds donations made in digital money to the same limit as regular cash donations. The USD value of crypto received is to be determined by the market value at the time of contribution, and campaigns are obliged to report all subsequent gains and losses as well." <ref>https://cointelegraph.com/news/from-california-to-colorado-how-us-regulates-the-political-donations-in-crypto</ref><ref>https://content.govdelivery.com/attachments/COSOS/2018/05/16/file_attachments/1008159/20180516_CPF_WorkingDraftRules.pdf</ref><ref>https://finance.yahoo.com/news/california-watchdog-bans-bitcoin-donations-093606846.html</ref> | ||
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|[[Delaware Blockchain|Delaware - DE]]<br /> | |[[Delaware Blockchain|Delaware - DE]]<br /> | ||
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| | |Good crypto laws signed by the governor July 2018. "all three laws provide clarity regarding the use of blockchains as legal instruments." Smart contracts left unaddressed. <ref>https://www.ethnews.com/delaware-governor-signs-batch-of-blockchain-bills</ref> | ||
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|[[D.C. Blockchain|District of Columbia - DC]]<br /> | |[[D.C. Blockchain|District of Columbia - DC]]<br /> | ||
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|[[Louisiana Blockchain|Louisiana - LA]]<br /> | |[[Louisiana Blockchain|Louisiana - LA]]<br /> | ||
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| Poor crypto laws -- see the [https://www.reddit.com/r/Bitcoin/comments/6smt72/crypto_trader_heads_to_fed_prison_randall_lord/ Randall Lord] case | | Poor crypto laws -- see the [https://www.reddit.com/r/Bitcoin/comments/6smt72/crypto_trader_heads_to_fed_prison_randall_lord/ Randall Lord] case. | ||
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|[[Maine Blockchain|Maine - ME]]<br /> | |[[Maine Blockchain|Maine - ME]]<br /> | ||
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|[[New Jersey Blockchain|New Jersey - NJ]]<br /> | |[[New Jersey Blockchain|New Jersey - NJ]]<br /> | ||
| | |Not disallowed. "New Hampshire is also one of the states that has not passed clear rules about reporting cryptocurrency contributions. The result is a raft of libertarian-leaning early adopters operating in a regulatory vacuum that puts the onus on the candidate to disclose how much they have received and from whom." <ref>https://www.politico.com/magazine/story/2018/10/26/is-bitcoin-secretly-messing-with-the-midterms-221915</ref> | ||
| | |No state license needed. "New Hampshire has amended its Money Transmitter statute (NH St. § 399-G:3) to exempt "persons who engage in the business of selling or issuing payment instruments or stored value solely in the form of convertible virtual currency or receive convertible virtual currency for transactions to another location" from the state's money transmission regulation. See H.B. 436, 2017 Leg.,165th Sess. (N.H. 2017). The law took effect on August 1, 2017." <ref>https://www.carltonfields.com/insights/publications/2018/state-regulations-on-virtual-currency-and-blockcha</ref><ref>https://www.nh.gov/banking/consumer-assistance/virtual-currency.htm</ref> | ||
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|[[New Mexico Blockchain|New Mexico - NM]]<br /> | |[[New Mexico Blockchain|New Mexico - NM]]<br /> | ||
Revision as of 23:54, 6 January 2019
The Blockchain Committee is a committee created by the LNC to empower candidates and activists with the knowledge of blockchain to be better advocates for free markets in technology and money.
2018-2020 Committee Members
- Phil Anderson (Region 6)
- Martin Buchanan (Region 1)
- Matt Crum (Region 2)
- Joseph Duncan (Region 7) (Committee Secretary)
- Joseph Langenbrunner (Region 3)
- Steven Nekhaila
- Darryl Perry (Region 8)
- Kevin Shaw (Region 4)
- Preston Smith (Region 5) (Committee Chair)
- Elizabeth Van Horn
- Alex Merced (Committee Vice Chair)
State Knowledge Base
Find information state cryptocurrency donation rules, blockchain regulations and state based blockchain businesses.
- For 2018 crypto legislation as of July 2018, you can check out: http://www.ncsl.org/research/financial-services-and-commerce/cryptocurrency-2018-legislation/fbclid/iwar2zmfzaxftehw9gdkf44k1ootpa3qujeokrpwugvxdicaolad1ll0unok0.aspx
- If there is more recent information for your state, please share it here and on the open LP Blockchain Facebook group.
Other Topics
Blockchain Voting
Cryptocurrency
Federal Blockchain Laws/Regulations
| State | Candidate Campaign Donations? | Crypto legality |
|---|---|---|
| Alabama - AL |
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| Alaska - AK |
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| Arizona - AZ |
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| Arkansas - AR |
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| California - CA | No See: https://finance.yahoo.com/news/california-watchdog-bans-bitcoin-donations-093606846.html |
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| Colorado - CO |
Yes. "regulation holds donations made in digital money to the same limit as regular cash donations. The USD value of crypto received is to be determined by the market value at the time of contribution, and campaigns are obliged to report all subsequent gains and losses as well." [1][2][3] | |
| Connecticut - CT |
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| Delaware - DE |
Good crypto laws signed by the governor July 2018. "all three laws provide clarity regarding the use of blockchains as legal instruments." Smart contracts left unaddressed. [4] | |
| District of Columbia - DC |
Yes. "Title 3 (Elections and Ethics) of the District of Columbia Municipal Regulations[...]mentions ‘Bitcoin contributions’ and specifies the order in which they have to be liquidated and reported as in-kind. The text implies that the cap is no different for crypto donations than any other kind." [5][6] | |
| Florida - FL |
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| Georgia - GA |
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| Hawaii - HI |
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| Idaho - ID |
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| Illinois - IL |
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| Indiana - IN |
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| Iowa - IA |
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| Kansas - KS |
"Kansas Governmental Ethics Commission opined that digital currency was ‘too secretive’ to be used in campaign finance. It is unclear, however, if the scope of the ruling encompasses cryptocurrencies other than bitcoin." [7][8] | |
| Kentucky - KY |
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| Louisiana - LA |
Poor crypto laws -- see the Randall Lord case. | |
| Maine - ME |
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| Maryland - MD |
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| Massachusetts - MA |
Yes. "‘contributions in Bitcoins’ are permitted and subject to the same limits and disclosure requirements as fiat contributions, with a five-day period for liquidation. It is not allowed to directly use crypto for campaign expenditures, since state law holds it that any campaign purchase exceeding $50 should by paid for with a check from an official committee account." [9] [10] | |
| Michigan - MI | No See: https://www.ccn.com/no-coins-for-you-michigan-bans-crypto-donations-for-political-campaigns/ |
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| Minnesota - MN |
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| Mississippi - MS |
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| Missouri - MO |
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| Montana - MT |
Yes. "Receipt of crypto contributions is permitted, but expenditures can only be made out of a ‘primary campaign depository,’ hence there can be no such thing as the candidate’s official crypto wallet. [...] committees should liquidate the contribution within 24 hours from receipt." [11][12] | |
| Nebraska - NE |
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| Nevada - NV |
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| New Hampshire - NH |
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| New Jersey - NJ |
Not disallowed. "New Hampshire is also one of the states that has not passed clear rules about reporting cryptocurrency contributions. The result is a raft of libertarian-leaning early adopters operating in a regulatory vacuum that puts the onus on the candidate to disclose how much they have received and from whom." [13] | No state license needed. "New Hampshire has amended its Money Transmitter statute (NH St. § 399-G:3) to exempt "persons who engage in the business of selling or issuing payment instruments or stored value solely in the form of convertible virtual currency or receive convertible virtual currency for transactions to another location" from the state's money transmission regulation. See H.B. 436, 2017 Leg.,165th Sess. (N.H. 2017). The law took effect on August 1, 2017." [14][15] |
| New Mexico - NM |
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| New York - NY |
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| North Carolina - NC | No See: https://dcebrief.com/nc-election-board-no-crypto-donations-for-state-candidates/ |
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| North Dakota - ND |
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| Ohio - OH |
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| Oklahoma - OK |
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| Oregon - OR |
Yes. Adopted in August 2018, "mirror the FEC’s approach of allowing contributions but not expenditures to be made in cryptocurrencies." [16][17] | |
| Pennsylvania - PA |
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| Rhode Island - RI |
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| South Carolina - SC |
No. [18] | |
| South Dakota - SD |
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| Tennessee - TN |
Yes. "Tennessee law treats digital currency contributions the same as cash contributions, mandating that crypto is liquidated before it can be spent for campaign needs. The monetary value of crypto donations is determined by the market value at the time of receipt." [19] [20] | |
| Texas - TX |
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| Utah - UT |
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| Vermont - VT |
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| Virginia - VA |
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| Washington - WA |
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| West Virginia - WV |
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| Wisconsin - WI |
Undecided. "As of late September [2018[, the Wisconsin State Assembly hasn’t yet addressed the issue." [21][22] | |
| Wyoming - WY |
- ↑ https://cointelegraph.com/news/from-california-to-colorado-how-us-regulates-the-political-donations-in-crypto
- ↑ https://content.govdelivery.com/attachments/COSOS/2018/05/16/file_attachments/1008159/20180516_CPF_WorkingDraftRules.pdf
- ↑ https://finance.yahoo.com/news/california-watchdog-bans-bitcoin-donations-093606846.html
- ↑ https://www.ethnews.com/delaware-governor-signs-batch-of-blockchain-bills
- ↑ https://cointelegraph.com/news/from-california-to-colorado-how-us-regulates-the-political-donations-in-crypto
- ↑ https://ocf.dc.gov/sites/default/files/dc/sites/ocf/publication/attachments/Chapter30.doc
- ↑ https://cointelegraph.com/news/from-california-to-colorado-how-us-regulates-the-political-donations-in-crypto
- ↑ https://news.bitcoin.com/kansas-governmental-ethics-commission-forbids-bitcoin-donations/
- ↑ https://cointelegraph.com/news/from-california-to-colorado-how-us-regulates-the-political-donations-in-crypto
- ↑ http://files.ocpf.us/pdf/legaldocs/AO-14-01.pdf
- ↑ https://cointelegraph.com/news/from-california-to-colorado-how-us-regulates-the-political-donations-in-crypto
- ↑ https://politicalpractices.mt.gov/Portals/144/5campaignfinance/EricFultonBitcoinUseOpinion.pdf
- ↑ https://www.politico.com/magazine/story/2018/10/26/is-bitcoin-secretly-messing-with-the-midterms-221915
- ↑ https://www.carltonfields.com/insights/publications/2018/state-regulations-on-virtual-currency-and-blockcha
- ↑ https://www.nh.gov/banking/consumer-assistance/virtual-currency.htm
- ↑ https://cointelegraph.com/news/from-california-to-colorado-how-us-regulates-the-political-donations-in-crypto
- ↑ https://www.oregon.gov/newsroom/Pages/NewsDetail.aspx?newsid=2784
- ↑ https://cointelegraph.com/news/bitcoin-for-america-cryptocurrencies-in-campaign-finance
- ↑ https://cointelegraph.com/news/from-california-to-colorado-how-us-regulates-the-political-donations-in-crypto
- ↑ http://www.fppc.ca.gov/content/dam/fppc/NS-Documents/AgendaDocuments/Comment%20Letters/2018/September/42%20Graham.pdf
- ↑ https://cointelegraph.com/news/from-california-to-colorado-how-us-regulates-the-political-donations-in-crypto
- ↑ https://cointelegraph.com/news/bitcoin-for-america-cryptocurrencies-in-campaign-finance