It didn't get that far. At the state level you must pay a filing fee in U.S. dollars.
Depends on the state. ISTR that most are free (for PACs at least, not parties). (We haven't done state registrations yet; will probably get to that soonish though.)
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I was interested in seeing how far one could get exclusively in bitcoin. I was arguing that a bitcoin wallet could be considered a depository account. It's really even more transparent than that. A bitcoin address can be monitored in real time, whereas a bank account is difficult to access.
I get where you're coming from, but I don't see how you could make that argument, legally.
The definition 11 CFR 103.2 / 2 USC 432(h)(1) clearly excludes Bitcoin wallets:
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Each political committee shall designate one or more State banks, federally chartered depository institutions (including a national bank), or depository institutions the depositor accounts of which are insured by the Federal Deposit Insurance Corporation, Federal Savings and Loan Insurance Corporation, or the National Credit Union Administration, as its campaign depository or depositories. One or more depositories may be established in one or more States. Each political committee shall maintain at least one checking account or transaction account at one of its depositories. Additional accounts may be established at each depository.
… and Bitcoin isn't tied to KYC regs, which is kinda the point of that definition.
In my phone conversations with the FEC they were surprisingly supportive and made suggestions as to how I might do that with bitcoin. But pushing any farther looked like an expensive legal fight.
Oh and here is Wisconsin you have to pay to file if you are a party or a PAC.
You created a fascinating experiment.
I'm also really surprised the Federal application was so easy.
