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Title: NEW FEC advisory opinion draft req re Bitcoins (DEADLINE: 1st week December) Post by: saizai on November 09, 2013, 07:12:49 PM Howdy all.
The Conservative Action Fund PAC has recently filed an FEC advisory opinion request asking whether PACs should be allowed to accept Bitcoins. Request: http://saos.nictusa.com/aodocs/1245451.pdf Comment by BitPay: http://saos.nictusa.com/aodocs/1246139.pdf Comment by Bitcoin Foundation: http://saos.nictusa.com/aodocs/1246138.pdf Draft AO: http://saos.nictusa.com/aodocs/201315.pdf I found out about it a couple days ago, and we are preparing a formal response, which you are welcome to view and comment on here: https://docs.google.com/document/d/1laZxfuna-AXsW9WC4b53s_Eb1YAg7pY-YQAGKcUE9iw/edit We will be submitting this formally on Nov 12th. I would welcome your feedback on the above draft before then (on this thread, by email or inline in google docs). I encourage you to submit your own comments for the record if you wish. If you would like to do so, just email ao@fec.gov, mention "AO 2013-15 Conservative Action Fund", give your name and the name of any group you represent, and explain your views in response to the above documents. The deadline is November 13th, 12pm Eastern time. Sincerely, Sai Make Your Laws PAC https://makeyourlaws.org PS Forum mods: could you please move this to general->legal? (ETA: Thanks!) Title: Re: Pending FEC advisory opinion re Bitcoins (DEADLINE: Nov 13 12pm Eastern) Post by: saizai on November 14, 2013, 01:21:19 AM Our comment has been posted (http://saos.nictusa.com/aodocs/1247795.pdf) (ungarbled copy here (https://makeyourlaws.org/files/MYL%20PAC%20&%20MYL%20C4%20comment%20on%20AO%202013-15%20Conservative%20Action%20Fund.pdf)).
The FEC also posted two new draft AOs (http://saos.nictusa.com/aodocs/201315_1.pdf) and extended the deadline to Nov 14, 9am Eastern. Title: Re: Pending FEC advisory opinion re Bitcoins (DEADLINE: Nov 20 12pm Eastern) Post by: saizai on November 16, 2013, 09:01:01 PM Posted a page to track the links: https://makeyourlaws.org/fec/bitcoin
FEC decided to wait another week while they draft a new AO. Meeting audio: http://www.fec.gov/audio/2013/2013111402.mp3 Title: Re: Pending FEC advisory opinion re Bitcoins (DEADLINE: Nov 20 12pm Eastern) Post by: saizai on November 17, 2013, 08:56:34 AM Filed comments (https://makeyourlaws.org/files/MYL%20PAC%20&%20MYL%20C4%20comment%203%20on%20AO%202013-15%20Conservative%20Action%20Fund.pdf) on issues raised in the FEC's open meeting discussion.
Title: Re: Pending FEC advisory opinion re Bitcoins (DEADLINE: Nov 20 12pm Eastern) Post by: saizai on November 23, 2013, 08:41:20 AM FEC deadlocked 3-3. We are preparing an immediate follow-up draft to propose the safe harbor policy we advocated in our comments, to be submitted in 1st week of January (if not earlier).
Comments appreciated. [All links @ https://makeyourlaws.org/fec/bitcoin] Title: Re: FEC advisory opinion re Bitcoins (STATUS: unresolved. Writing new AOR.) Post by: saizai on November 27, 2013, 07:41:07 AM Forgot direct link: https://docs.google.com/document/d/1Bt88bwEqMKjV3-onS6_KDV7AIvyOJSLz9eLA_vC_McE/edit#
Also FWIW: there's been significant misreporting of the FEC decision on AO 2013-15 CAF. They did NOT say that PACs can't take Bitcoin. Quite the opposite, they were more or less unanimous in saying that they can (during the discussion), and they're continuing to let the Libertarians etc accept Bitcoin. But CAF didn't ask *how* they should take it w/ adequate accounting standards, and they didn't answer a question CAF didn't ask, so they didn't sign off on a totally unexplained "we'll collect adequate info but we aren't saying how" request. Which is why we're making ours. Anyway, comment please and let us know what you think is good / should change / etc, 'cause we're trying to set up what is likely to be THE Standard Sanctioned Way to Accept Bitcoins if you're a political anything. |