Proposed Recommendations to Minnesota Disclosure Requirements

The Minnesota Campaign Finance and Public Disclosure Board has issued State lawmakers a series of recommendations aimed at increasing transparency and regulating cryptocurrency contributions. The measures include having officials disclose all government contracts and licenses they are granted while in office, as well as disclosing any business they have a 25% or larger interest in. The recommendations also include having their spouses disclose their financial interests, requiring the sponsors of ads that do not explicitly support or oppose a candidate to include a disclosure statement, and requiring cryptocurrency donations to be cashed out within five days. However, lawmakers have been hesitant to follow the Board’s recommendations in the past and it is unclear whether they will do so this time around either.