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Texas Ethics Commission seeks pro-crypto rule for political contributions -Breaking

by Mike Robinson

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Texas Secretary of State received the proposal. The purpose of the proposal was to clarify and address reporting requirements regarding political contributions that were made using cryptocurrency. AccordingTo the filing

If cryptocurrency contributions are approved, they will have to be declared as in-kind donations or as investments. According to the Commission, this move “mirrors the way the Federal Election Commission (FEC), Internal Revenue Service (IRS) and Securities and Exchange Commission (SEC) treat cryptocurrency contributions.”

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