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Georgia candidates accept crypto campaign donations – Axios

Atlanta
Axios Atlanta is an Axios company.
You know those extra bitcoins you have lying around? The ones you’ve been meaning to donate to a political campaign? Well, you’re in luck!
What’s happening: At least two Georgia Republicans running statewide are soliciting cryptocurrency as campaign donations.
The big picture: These candidates are part of a bipartisan group of politicians around the country who’ve been accepting digital currency.
Details: State Sen. Burt Jones, the Trump-backed Republican running for lieutenant governor, recently released a cryptocurrency payment portal after donors expressed interest.
Is this legal? According to David Emadi, executive director of the state Campaign Finance Commission, Georgia candidates can accept cryptocurrency if the donation is immediately converted into U.S. dollars, to ensure the value doesn’t shift over legal limits.
Yes, but: Emadi said there’s no rule that a donation originating in cryptocurrency be identified as such when reported in dollars. So it’s tough to know exactly how much bitcoin has fueled political coffers in Georgia.
Of note: This isn’t new. Former Georgia Republican Rep. Bob Barr was on the cutting edge when he solicited bitcoin donations back in 2014. He tells Axios that happened thanks to guidance from his “younger staff.”
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