HF 2884

as introduced - 91st Legislature (2019 - 2020) Posted on 05/15/2019 06:07pm

A bill for an act
relating to campaign finance; prohibiting the solicitation or acceptance of a digital
unit of exchange for political campaign purposes; providing civil and criminal
penalties; proposing coding for new law in Minnesota Statutes, chapter 10.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

new text begin [10.161] DIGITAL CURRENCY PROHIBITION.
new text end

new text begin An individual, political committee, political fund, principal campaign committee, or
party unit may not solicit or accept from any source a contribution or donation of any digital
unit of exchange, including but not limited to bitcoin, that is not backed by a
government-issued legal tender. An individual, political committee, political fund, principal
campaign committee, or party unit that knowingly solicits or accepts any digital unit of
exchange is subject to a civil penalty imposed by the board of up to $3,000. A person who
knowingly accepts any digital unit of exchange in violation of this section is guilty of a
felony.
new text end