The United States Federal Election Commission has issued an advisory opinion stating DataVault Holdings may use nonfungible tokens for fundraising efforts.it was “permissible” for DataVault holdings to send nonfungible tokens, or NFTs, to political campaign contributors without violating rules on corporate contributions. According to the election agency, DataVault will receive “reasonable compensation” for each NFT issued to contributors, as well as track all tokens issued for its own records.
“The Commission concludes that DataVault’s proposals to provide political committees with NFTs on the same terms that it regularly offers its non-political clients would be a permissible extension of credit by DataVault in the ordinary course of business,” said FEC Chair Allen Dickerson. “Under the Act and Commission regulations, an incorporated commercial vendor may extend credit to political committees under terms substantially similar to those the vendor offers non-political debtors.
For nonprofits not campaign raising.
Must be how SBF laundered funds to campaign candidates. Now it's all legal Guess that solves illegal campaign funds. Who is the FEC to legislate this?