CipherTrace, Schweitzer Labs to offer compliant crypto political contributions

Through 4US, Schweitzer Laboratories' non-partisan blockchain-based campaign finance compliance automation utility, cryptocurrency contributions sent to a committee's wallet are pre-screened to ensure campaign finance compliance and KYT standards are met before transactions occur.

This allows committees to ensure they don't take contributions that would violate campaign finance law, as well as reduce risk of transacting with nefarious actors.

Currently most campaign finance regulators across the United States, including the Federal Election Commission (FEC), allow political committees to accept cryptocurrencies as contributions. However it's a continually evolving and complicated topic even for the most sophisticated political actors.

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