You won’t be able to donate cryptocurrencies to political campaigns in Michigan. The state’s Secretary of State has officially said no to crypto.
Michigan state legislature candidate William Baker, who lost his race in this year’s election, asked how cryptocurrencies’ value may be recorded for political donations, as well as how they may be used, CoinDesk reported. He also asked whether cryptocurrency exchanges qualify as valid secondary depositories for storing digital assets.
In its response, the department disagreed with Baker’s premise that “it is ‘self-evident’ that digital currency is a valid way to receive political contributions,” writing that “the law does not authorize such a vehicle, and the Department has never determined that digital currencies are a valid way to receive political contributions.”