(a) Virtual currency contributions are considered "in-kind" contributions.     
      (b) A candidate, officeholder, or political committee must report a gain from the sale of virtual currency contributions on the appropriate schedule if the gain exceeds the reporting threshold set by Section 254.031(9) of the Election Code and amended by §18.31 of this title (relating to Adjustments to Reporting Thresholds).     
      (c) The value of a virtual currency contribution shall be reported as the fair market value of the virtual currency upon receipt.     
     Source Note:        The provisions of this §22.37 adopted to be effective August 23, 2023, 48 TexReg 4481