The War on Xmas won, J6 felons freed, and Trump got to use “the Beast” as the Daytona 500 pace car (a bucket list item no doubt).
Trump Negging
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"We need to take a step back and realize that the GOP has become an authoritarian political party. It's either on board with authoritarianism or completely willing to tolerate it."
On the pod, Steve Levitsky is highly Illuminating on our slide into autocracy:
newrepublic.com/article/1915...
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— Greg Sargent (@gregsargent.bsky.social) February 18, 2025 at 7:28 AM
Imagine accepting donations in crypto (Trump started doing this in 2024) and controlling the conversion timeline based upon price of donation and current market conditions to maximize donor contributions.
The requirement for converting cryptocurrency donations to U.S. dollars (USD) immediately varies based on state and federal regulations. Here's the breakdown:
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Federal Elections: The Federal Election Commission (FEC) has allowed cryptocurrency donations since 2014, treating them as in-kind contributions. However, there's no strict federal requirement to convert these donations to USD immediately. Federal campaigns must report the market value of the cryptocurrency at the time of receipt but can choose when to convert it into traditional currency.
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State Elections: State regulations can differ significantly:
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Some states like Colorado, Iowa, Ohio, and Tennessee follow the FEC's guidance where the donation's value is determined at the time of contribution. They allow cryptocurrencies to be reported as in-kind donations without immediate conversion to USD, but any subsequent changes in value must be reported as "other income" or expenditure.
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Other states, like Washington, have more stringent rules where cryptocurrency donations must be converted to USD within a short timeframe, often within 5 days, and treated similarly to cash contributions with specific caps (like $100).
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States like California have had changes in policy; after initially banning crypto contributions, they've allowed them with the requirement that they be processed through a U.S.-based third-party payments processor and converted to USD.
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Some states prohibit cryptocurrency donations entirely or have no specific policies in place, creating a patchwork of regulations across the U.S.
Thus, whether crypto must be immediately converted to USD for political donations largely depends on the jurisdiction:
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For Federal Campaigns: No immediate conversion is required, but the value must be reported at the time of donation.
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For State Campaigns: It depends on the state's laws; some require immediate conversion, others treat it as in-kind with conversion at some point, and some do not allow crypto donations at all.
When dealing with campaign finance, it's essential for candidates and committees to consult with legal counsel to ensure compliance with both federal and state regulations, as the landscape is still evolving.
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🔴Silicon Valley Whistleblowers Warn Elon Musk ‘Hijacking’ Republicans to Control Entire US Government
Former followers of the ‘Dark Enlightenment’ say a planned ‘neo-reactionary’ hollowing out of government is happening in real time
bylinetimes.com/2025/02/07/s...
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— Byline Times (@bylinetimes.bsky.social) February 18, 2025 at 7:57 AM
