North Carolina’s State Board of Elections and Ethics Enforcement denied the request by Emmanuel Wilder to be able to accept cryptocurrency as donations.
Wilder, a Republican from Wake County running for the state House, made the request for formal guidance in accepting digital currencies for the first time in the state’s election.
“I think having the option is important, not only for giving choice to people, but supporting this new upcoming financial service,” Wilder said.
While the Federal Elections Commission allowed in 2014 candidates for federal office to accept bitcoin donations, State campaign finance laws currently limit donations to U.S. dollars.
“We do not have the confidence that we could adequately regulate contributions to a political campaign in North Carolina in the form of cryptocurrency,” said Kim Westbrook Strach, state elections executive director.
Upon the unfortunate news, Wilder released the following statement:
“Blockchain and other technologies hold the ability to improve how business and public institutions operate day to day…Although it might not be today, there will be a day when this technology will have a place in the political process.”