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HB 916

Campaigns and Campaign Finance - As introduced, requires, by September 1, 2025, the registry of election finance to issue a report to the speakers, the legislative librarian, and the office of legislative budget analysis on the use of digital currency being contributed to candidates and political campaign committees throughout the last five years. - Amends TCA Title 2, Chapter 10; Title 2, Chapter 19; Title 3, Chapter 6; Title 4, Chapter 29; Title 4, Chapter 55 and Title 8, Chapter 50, Part 5.

114th Regular Session (2025-2026) Introduced by Jeremy Faison

Tennessee must report on past five years of digital currency campaign donations by September 2025 to assess cryptocurrency in political financing.

P2C, caption bill, held on desk - pending amdt.
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Bill Summary · HB 916

Legislative bill overview

HB 916 requires Tennessee's registry of election finance to compile and report on digital currency contributions to candidates and political campaign committees over the past five years, with the report due by September 1, 2025. The bill amends multiple sections of Tennessee's campaign finance statutes to potentially establish regulatory frameworks for cryptocurrency donations.

Why is this important

As digital currency donations remain largely unregulated in most states, this bill addresses a compliance and transparency gap in campaign finance tracking. Understanding the scope and prevalence of cryptocurrency contributions could inform future regulatory decisions about whether such donations should be restricted, reported differently, or subject to different contribution limits than traditional funds.

Potential points of contention

  • Definitional ambiguity: The bill doesn't specify which "digital currencies" are covered (Bitcoin, stablecoins, tokens, etc.), creating uncertainty about reporting scope and potentially allowing inconsistent implementation
  • Regulatory intent unclear: While the bill mandates a report, it doesn't establish actual rules for accepting digital currency donations, leaving the regulatory end-goal undefined
  • Retroactive data collection challenges: Requiring five years of historical data may be difficult if the registry lacks complete records of cryptocurrency contributions, which may not have been systematically tracked previously

Compiled from official sources — confirm details with the bill’s official record.

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