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US Elections Regulator Gives Tentative Go-Ahead to Campaign Token

Published 07/10/2019, 07:45 PM
Updated 07/10/2019, 08:01 PM
US Elections Regulator Gives Tentative Go-Ahead to Campaign Token

The Federal Election Commission (FEC) has tentatively approved an ERC-20 token issued by Omar Reyes to use in an incentives program for his congressional campaign. The FEC reviewed the coin project in a draft advisory opinion on July 5.

According to the draft letter, the FEC believes Reyes is within his rights to issue his Ethereum-based “Omar2020Token” (OMR) as part of his campaign to join the United States House of Representatives from the 22nd Congressional District of Florida.

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