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US election agency approves use of NFTs as campaign fundraising incentive

The United States Federal Election Commission (FEC) has issued an advisory opinion stating DataVault Holdings may use nonfungible tokens for fundraising efforts.In a Dec. 15 notice, the FEC said it was “permissible” for DataVault holdings to send nonfungible tokens, or NFTs, to political campaign contributors without violating rules on corporate

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DataVault requests US election agency’s advice to send NFTs as a campaign fundraising incentive

The legal team behind nonfungible token firm DataVault Holdings has requested an advisory opinion from the United States Federal Election Commission on using NFTs for fundraising efforts.In a Sept. 21 letter to FEC acting general counsel Lisa Stevenson, DataVault’s lawyers proposed sending NFTs as “souvenirs” to individuals who contributed to

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NFT Firm Seeks US Election Commission’s OK to Market Campaign Souvenirs

“The NFT would be offered by the political committee with a focus on high volume low dollar donors consistent with the federal contribution limits,” according to the company’s FEC request. “The NFT could contain artwork, campaign literature, position papers and other campaign approved and compliant digital content including video, audio,

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