The man behind a new bill before the Tennessee Senate is seeking to ensure that the Federal Election Commission’s (FEC) approval of bitcoin campaign donations will be honored in the southern US state.
Introduced on 18th February by state Senator Steven Dickerson, a Republican from Nashville, the aim of Senate Bill 647 is to amend Tennessee Code to accommodate digital currency as an approved payment method. The bill would effectively add “digital currency” so that it is considered a valid monetary contribution to campaigns.
Addressing why the bill is necessary, Dickerson painted the measure as one that would support the FEC’s wider ruling last year.
Dickerson told CoinDesk:
“That ruling applies to federal elections. There was possible ambiguity as far as state races. This bill would remove any ambiguity.”
Dickerson went on to state that he intends to try to pass the bill in the Senate, before it moves to the House of Representatives. SB 647 must pass both chambers and be signed by the state governor to become law.
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