Mark Warden, who is running for re-election as a New Hampshire State Representative, has been having strategy meetings about the Bitcoin contributions together with his team. I’m posting this here on behalf of his campaign.
Thanks to the enthusiastic support of the Bitcoin community, the campaign has received over 100 BTC in contributions. This has now become an issue of public interest that the New Hampshire authorities will have to address. We think that's a good thing for Bitcoin.
That being said, as etotheipi and others have pointed out, there are very strict State and Federal campaign finance laws that we must follow. The relevant laws here prohibit the following:
1. Contributing to the campaign on behalf of another individual.
2. Accepting an anonymous contribution of any amount.
3. Accepting any foreign contribution. Contributor must be a US citizen or a US resident.
4. Accepting contributions exceeding 1,000 USD, in aggregate, from any individual.
In order to fully comply with these laws, pending advice from the New Hampshire authorities, Mark has decided on the following course of action:
1. Since most of the contributions to date have been anonymous, all previous contributions will be returned to the original contributing address on Monday, August 20th (today).
Important: If you have contributed to the campaign and would not like us to send the funds back to the originating address (for instance, if you have a web wallet), please write us immediately at
[email protected].
2. If you are a US citizen or resident and would like to contribute no more than 1,000 USD of Bitcoins, we would be honored to accept your contribution. To comply with State and Federal laws, we will have to ask you for your full name and address. For now, please write the campaign at
[email protected]. If you are contributing more than $100 of Bitcoins at current market price, please include your employer name and address and your job title. We hope to get the automated system up soon.
We see this as a small but significant step, establishing the legality of accepting Bitcoins as political contributions. In doing so, we believe it is in everybody's best interest if we go above and beyond the call of duty and ensure that no one can question our transparency and adherence to the letter and spirit of the law.
We apologize for the intrusion into your privacy, but this is the only way we can legally accept contributions. If you wish to not disclose your name and address, there are many other worthy causes, one of which is the
New Hampshire Liberty Alliance which will use your contributions to fight for freedom of money in New Hampshire. If you have any questions, please PM me or contact the Mark Warden campaign.