State of North Carolina Will Not Allow Bitcoin or Crypto Campaign Donations


North Carolina To Not Accept Campaign Donations In Cryptos

The campaign finance rules that regulate North Carolina elections will not be amended to allow candidates to accept donations in Bitcoin or other cryptocurrencies.

Republican Wilder’s Proposal

Earlier this year, Emmanuel Wilder, a Republican running for a state House district from Wake County, had asked the State Board of Elections and Ethics Enforcement for formal guidance on accepting cryptocurrency to fund campaigns.

“I know that this is new, but there is a great opportunity to show that North Carolina is truly open to new emerging markets,” Wilder said in an email to the elections board.

Jen Jones, a spokeswoman for campaign finance watchdog Democracy North Carolina said,

“Since Bitcoin and cryptocurrencies make it possible for money to be transferred without any personally identifying information, one of the things the State Board should carefully consider is whether it’s possible for candidates to receive campaign donations via cryptocurrency while also complying with state disclosure requirements.”

Election Commission’s Reply

Kim Westbrook Strach, state elections executive director, told Wilder in a letter this month that cryptocurrencies cannot be reliably valued.

“We do not have the confidence that we could adequately regulate contributions to a political campaign in North Carolina in the form of cryptocurrency,” Strach wrote.

Wilder sent out a diplomatic public statement saying that he was disappointed but appreciated the state board’s consideration.

“Blockchain and other technologies hold the ability to improve how business and public institutions operate day to day,” Wilder said in a statement. “Although it might not be today, there will be a day when this technology will have a place in the political process.”

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.

1 comment

by Newest
by Best by Newest by Oldest
Bitcoin Exchange Guide