Victory: Federal Election Commission Adopts Our Recommendations on Cryptocurrency Mining for Campaigns Posted on April 25, 2019 Today, the Federal Election Commission voted 4-0 to adopt an advisory opinion that embraces Free Speech For People’s recommendations regarding a platform to enable use of distributed computers to mine cryptocurrency for political campaigns. Free Speech For People was the only campaign finance reform organization involved in the regulatory process. BACKGROUND In September 2018, aRead More
Our Comment on the Federal Election Commission’s Draft Opinion Rejecting a Special Cryptocurrency Loophole Posted on December 11, 2018 (December 11, 2018) Today, we submitted a comment on the Federal Election Commission’s draft opinion rejecting a proposal by a company called OsiaNetwork LLC that would allow unlimited campaign contributions in Bitcoin and other cryptocurrency on the theory that automated cryptocurrency mining is a form of “volunteering.” We believe the draft opinion is correct in its rejection of the “volunteering” exception, butRead More
Center for Public Integrity Reports on Our Fight Against Special Cryptocurrency Loophole Posted on November 19, 2018 (November 19, 2018) The Center for Public Integrity reported on Free Speech For People’s efforts to fight a cryptocurrency company’s request for a special loophole that could seriously undermine federal campaign finance law. As the article by Ashley Balcerzak explains: OsiaNetwork LLC, a newly formed limited liability company in Delaware, has asked the Federal Election Commission whether it’s legal for people to shareRead More