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Thu Nov 22, 2018, 08:54 PM

US Election Commission Says Crypto Mining For Political Campaigns Is 'Permissible'

The U.S. Federal Election Commission (FEC) has released a new draft opinion that clears the way for people to mine cryptocurrencies as a way to support their preferred candidates.

In a memorandum dated Nov. 13, attorneys with the FEC responded to a proposal submitted in September by OsiaNetwork LLC, which at the time asked if individuals would be able to provide their computers’ processing power to mine cryptocurrencies.

Funds raised through this method would be used to support political committees, though OsiaNetwork sought to designate such activities as a form of volunteering – something the FEC isn’t signing off on at this time.

According to the letter, the FEC has concluded that while the proposal “is permissible” under both the campaign act and its own regulations, “it does not fall within the volunteer internet activities exception, and would result in contributions from both the individuals and the OsiaNetwork to the participating political committees.”

https://www.coindesk.com/us-election-commission-says-crypto-mining-for-political-campaigns-is-permissible

http://saos.fec.gov/aodocs/201813.pdf

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Reply US Election Commission Says Crypto Mining For Political Campaigns Is 'Permissible' (Original post)
EarthFirst Nov 2018 OP
procon Nov 2018 #1
Iterate Nov 2018 #2

Response to EarthFirst (Original post)

Thu Nov 22, 2018, 09:07 PM

1. Well, why not, what could possibly go wrong?nt

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Response to EarthFirst (Original post)

Thu Nov 22, 2018, 09:11 PM

2. Untraceable income favored by Russian oligarchs and mob money laundering.

I suppose by their standard the phenomenal waste of electricity and CO2 is just a bonus.

Plus, how do you differentiate mined from transferred coin? You can't.

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