Texas Number of the Week: 22.37

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Among the new and amended rules proposed by the Texas Ethics Commission (TEC) in September is the addition of new language regulating cryptocurrency contributions in campaign finance. If adopted, rule 22.37 would allow cryptocurrency to be accepted by campaign accounts as in-kind contributions. Expenditures could not be made using cryptocurrency under the proposed rule, but cryptocurrency could be sold and the proceeds then used for campaign expenditures.

The full text of this and all other proposed amendments to TEC regulations — including changes to the minimum reporting threshold across many categories — are here on the TEC website ([link removed]) . The next TEC meeting is December 8-9, 2021.
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