• Latest
US Elections Regulator Gives Tentative Go-Ahead to Campaign Token

US Elections Regulator Gives Tentative Go-Ahead to Campaign Token

July 11, 2019
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Litecoin

US Elections Regulator Gives Tentative Go-Ahead to Campaign Token

coinnewsdaily by coinnewsdaily
July 11, 2019
in Litecoin
0
US Elections Regulator Gives Tentative Go-Ahead to Campaign Token
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitcoin Will Overtake Gold’s MarketCap in 9 years, Says Bobby Lee |

Sell or hodl? How to prepare for the end of the bull run, Part 2

April 10, 2022
How to prepare for the end of the bull run, Part 1: Timing

How to prepare for the end of the bull run, Part 1: Timing

April 3, 2022

The Federal Election Commission (FEC) has tentatively approved an ERC-20 token issued by Omar Reyes to use in an incentives program for his congressional campaign. The FEC reviewed the coin project in a draft advisory opinion on July 5.

According to the draft letter, the FEC believes Reyes is within his rights to issue his Ethereum-based “Omar2020Token” (OMR) as part of his campaign to join the United States House of Representatives from the 22nd Congressional District of Florida. 

The FEC argues that because the tokens are essentially souvenirs, with no monetary value, Reyes’ committee is free to issue them as volunteer incentives:

“The Commission concludes that the Committee may distribute OMR Tokens to volunteers and supporters as an incentive to engage in volunteer activities as described in the request because OMR Tokens do not constitute compensation; rather, OMR Tokens are materially indistinguishable from traditional forms of campaign souvenirs and nothing in the Act or Commission regulations prohibits a campaign committee from distributing free campaign souvenirs to volunteers or supporters.”

As noted in the draft, these Ethereum blockchain-based tokens are intended to be used as campaign incentives only. The Omar2020 campaign will reportedly conclude with prizes awarded to the top three OMR holders, but will delete its Ethereum contract and dispose of remaining tokens upon the campaign’s conclusion.

The FEC previously wrote an advisory opinion in 2014 on financing campaigns with the number one cryptocurrency, Bitcoin (BTC). The FEC then said that campaigns could receive BTC as donations, but only as in-kind donations, i.e. as a donation of goods and services and not as money. This means that the BTC cannot be used in transactions directly, but could be converted to fiat money and deposited.

As previously reported by Cointelegraph, Democratic presidential campaigners Eric Swalwell and Andrew Yang have both offered to accept cryptocurrency donations for their campaigns.



Credit: Source link

Tags: Litecoin
Share76Tweet48
Previous Post

US SEC Approves Blockstack Token Offering Under Regulation A+

Next Post

Poloniex Crypto Exchange Users Can Now Use Cards and Bank Accounts

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

Bitcoin Will Overtake Gold’s MarketCap in 9 years, Says Bobby Lee |
Bitcoin

Sell or hodl? How to prepare for the end of the bull run, Part 2

April 10, 2022
How to prepare for the end of the bull run, Part 1: Timing
Bitcoin

How to prepare for the end of the bull run, Part 1: Timing

April 3, 2022
Bull or bear market, creators are diving headfirst into crypto
Alt Coin

Bull or bear market, creators are diving headfirst into crypto

April 2, 2022
crypto listing and delisting announcements: week 9
Alt Coin

Crypto Listing and Delisting Announcements: Week 9

February 28, 2022
unstable markets how to invest in cryptocurrency
Alt Coin

How to invest in cryptocurrency when the market is uncertain, explained

December 21, 2021
be your own banker secrets
Alt Coin

Bitcoin and Crypto Wallet Hygiene 101

November 22, 2021
Load More
Next Post
Poloniex Crypto Exchange Users Can Now Use Cards and Bank Accounts

Poloniex Crypto Exchange Users Can Now Use Cards and Bank Accounts

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$27,897.000.44%
  • ethereumEthereum(ETH)$1,768.570.28%
  • tetherTether(USDT)$1.00-0.59%
  • binancecoinBNB(BNB)$327.940.65%
  • rippleXRP(XRP)$0.447394-0.87%
  • cardanoCardano(ADA)$0.352343-1.06%
  • dogecoinDogecoin(DOGE)$0.074004-1.03%
  • matic-networkPolygon(MATIC)$1.100.24%
  • solanaSolana(SOL)$20.73-0.43%
  • polkadotPolkadot(DOT)$6.010.05%
  • litecoinLitecoin(LTC)$92.67-1.47%
  • shiba-inuShiba Inu(SHIB)$0.000011-0.24%
  • tronTRON(TRX)$0.064178-0.58%
  • daiDai(DAI)$1.00-0.22%
  • chainlinkChainlink(LINK)$7.18-0.09%
  • cosmosCosmos Hub(ATOM)$11.21-0.79%
  • leo-tokenLEO Token(LEO)$3.482.13%
  • moneroMonero(XMR)$160.48-2.17%
  • ethereum-classicEthereum Classic(ETC)$20.13-0.93%
  • okbOKB(OKB)$41.77-0.54%
  • stellarStellar(XLM)$0.091348-0.69%
  • bitcoin-cashBitcoin Cash(BCH)$124.17-1.47%
  • filecoinFilecoin(FIL)$5.622.23%
  • crypto-com-chainCronos(CRO)$0.068638-1.46%
  • vechainVeChain(VET)$0.022954-0.17%
  • algorandAlgorand(ALGO)$0.208504-0.04%
  • internet-computerInternet Computer(ICP)$4.95-0.39%
  • eosEOS(EOS)$1.130.23%
  • elrond-erd-2MultiversX(EGLD)$42.48-0.73%
  • tezosTezos(XTZ)$1.151.52%
  • aaveAave(AAVE)$72.310.60%
  • theta-tokenTheta Network(THETA)$1.01-0.51%
  • neoNEO(NEO)$12.895.93%
  • havvenSynthetix Network(SNX)$2.450.80%
  • paxos-standardPax Dollar(USDP)$1.00-0.84%
  • bitcoin-cash-svBitcoin SV(BSV)$36.31-1.05%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.72-0.17%
  • dashDash(DASH)$58.56-1.88%
  • makerMaker(MKR)$666.76-0.41%
  • huobi-tokenHuobi(HT)$3.66-0.50%
  • iotaIOTA(MIOTA)$0.2081820.83%
  • zilliqaZilliqa(ZIL)$0.027126-0.29%
  • zcashZcash(ZEC)$36.210.86%
  • basic-attention-tokenBasic Attention(BAT)$0.2425511.48%
  • nemNEM(XEM)$0.0393010.24%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • qtumQtum(QTUM)$3.172.38%
  • kusamaKusama(KSM)$33.431.06%
  • compound-governance-tokenCompound(COMP)$42.11-1.14%
  • bitcoin-goldBitcoin Gold(BTG)$16.26-1.09%
  • yearn-financeyearn.finance(YFI)$8,363.761.08%
  • omisegoOMG Network(OMG)$1.820.08%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • golemGolem(GLM)$0.237441-0.88%
  • wavesWaves(WAVES)$2.14-0.26%
  • ontologyOntology(ONT)$0.2303713.31%
  • sushiSushi(SUSHI)$1.051.11%
  • digibyteDigiByte(DGB)$0.0096090.64%
  • umaUMA(UMA)$2.030.02%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%