For Immediate Release: September 21st, 2020
Contact: Phil Anderson
Phil Anderson for Assembly
Email: [email protected]
ANDERSON CAMPAIGN ACCEPTING BITCOIN, CHALLENGING ETHICS COMMISSION, AGAIN
Fitchburg, WI, September 21st, 2020 -
In his 2018 campaign for Governor of Wisconsin, Phil Anderson challenged the Wisconsin Ethics Commission by accepting bitcoin donations. In 2020, Anderson’s campaign for State Assembly is accepting cryptocurrency donations again, despite the WEC’s failure to arrive at a decision in 2018.
“Cryptocurrency is money, and as such, is a legitimate way to make campaign donations,” says Anderson. “The WEC declined to interpret its own rules competently, and the Wisconsin Assembly refused to take up the issue.”
Many other campaigns nationally, including Senator Rand Paul, have accepted donations in cryptocurrency. Federal Elections Commission rules allow cryptocurrency donations, but many states have not caught up.
Anderson is using BitPay’s donation platform, which, like other donation platforms, can require the donor submit the contact information necessary to conform with state regulations. Cryptocurrency donations are converted to dollars and deposited directly into the bank account registered with the Wisconsin Ethics Commission.
A study published in January 2018 by the Center on Sanctions and Illicit Finance, a program at the Foundation for Defense of Democracies, and Elliptic, a cryptocurrency analyst, found less than 1 percent of all transactions entering conversion services worldwide were linked to illicit activities, including money laundering and online extortion. And experts at the forefront of this financial technology argue that bitcoin could actually bring more transparency to the democratic process by offering new, unhackable tools to track money in politics.
“I refuse to give in to ignorance and bureaucratic incompetence,” continues Anderson. “People have the choice as to how they contribute, and it’s my intention to honor those choices. If my opponent or the Ethics Commission are interested in challenging me, I’m ready for a fight.”
Phil Anderson is a candidate for Wisconsin State Assembly, District 47. Phil is a real estate broker, entrepreneur, business owner, and US Army Veteran. He resides in Fitchburg, WI. www.4PhilAnderson.org