News Clips

“The big thing with currency and crypto is just how incredibly volatile it is and how much its value can fluctuate,” said Stephen Spaulding, senior counsel for public policy and government affairs for nonpartisan watchdog group Common Cause. “If you take a step back and think about why we regulate the raising and spending of money to influence elections, ultimately, it’s to prohibit corruption and the appearance of corruption that can come with large contributions of cash or other things of value.” Outside of that, Spaulding said, the lack of regulations surrounding these types of donations is also concerning. “People are familiar with the two largest cryptocurrencies, Bitcoin and Ethereum,” he added. “But there are all sorts of cryptocurrencies that are coming on the market that are not entirely regulated, raising a lot of questions about whether campaign finance law, which is in place to curb corruption, can keep pace with changing cryptocurrency practices.” As for transparency and traceability, he said the amount of money being contributed may not be as important as who is making a contribution. “It’s not so much about the amount of money in politics; it’s where it comes from and what contributors want in return,” Spaulding added. “We’d love to encourage a system that relies on small-donor contributions because there’s less of a chance the contributions from many small-dollar donors will lead to corruption or the appearance of corruption, versus the system awash in large contributions.”

On May 17, as several states held their primary elections, Jesse Littlewood searched the internet using a tool called CrowdTangle to spot the false narratives he knew could change perceptions of the results: damaging stories about ballots being collected and dropped off in bulk by unauthorized people, who the misinformation peddlers called “ballot mules.” Littlewood, the vice president for campaigns with the voter advocacy group Common Cause, easily came across dozens of posts showing a “Wanted” poster falsely accusing a woman of being a ballot mule in Gwinnett County, Georgia. He raised alarm bells with Facebook and Twitter. “This was going to lead to threats and intimidation of this individual who may be an elections worker, and there was no evidence that this person was doing anything illegal,” Littlewood said. “It needed to be removed.” Meta Platforms Inc.’s Facebook owns the search tool Littlewood used, and the company has for months kept its plans for CrowdTangle a mystery. Meta has been reducing its support for the product. The company is expected to eventually scrap it, and has declined to say when it plans to do so. Not knowing the future of CrowdTangle or what Meta chooses to replace it with, Littlewood said, endangers planning for future elections. The group has thousands of volunteers working in shifts to identify false information online, and CrowdTangle is indispensible to the process. Common Cause’s work “would be impossible to do without a tool that looks across Facebook,” Littlewood said. CrowdTangle gives insight into posts on Instagram, Twitter and Reddit too. “And we all know that the midterms are testing grounds for 2024, when the level of disinformation will be even higher.” Researchers don’t just rely on the tool, but on the companies reacting to the harmful content reports they make. Twitter removed the misinformation Littlewood flagged in May; on Facebook, which didn’t respond to his warning, at least 16 of the posts remained in mid-June. Facebook took them down after media outlets, including ProPublica and Bloomberg News, reached out.

Sandy Ma, the executive director of the government watchdog group Common Cause Hawaii, welcomed the legislation but said it should be strengthened in the future to cover all organizations that spend on political campaigns, including corporations, unions and chambers of commerce. “If we want to shine a light on dark money spending, which we all do, especially Common Cause, we have to do it in a strategic way and cover everybody,” she said.

“In campaign finance, you want disclosure. You need backup information,” Rotman said. “I know (cryptocurrency) is sexy and signals to people that you’re a hip new candidate, but there has to be a better way to do it than compromise the other parts of the campaign finance system.”

"That specific provision was a significant improvement," said Dick Williams, state chair of Common Cause Tennessee. "I was very supportive of that overall bill."

“They have been leaving up content around the 2020 election saying the election was stolen,” said Yosef Getachew, media and democracy program director at advocacy group Common Cause. “You have candidates saying we have had prior elections stolen, so this one will be stolen as well, so it’s an ongoing issue that we are trying to get them to take seriously.”