I'll just make two points on it.
Trying to regulate the medium of exchange will become increasingly difficult. The crypto stuff is all a grey area, but there are methods of payment that are becoming more acceptable and regularized.
The bigger challenge for you, as a committee, with bills like this is this: Whatever one thinks about restrictions on third parties, to Mr. Chipeur's point, it is the law. We've established that we're allowed to limit the speech of third parties so that elections are mainly fought between political parties. The way that's normally done—and you see it in this bill—is by regulating what individuals or organizations do by saying that these ones can speak and these ones can't—that is to say, legal entities or persons, in a sense. The second thing is limiting spending, with the notion that spending equals speech.
It's very plausible that we're getting into a world in which it's not people you're trying to regulate but agents, where someone is setting up a series of agents online that are then distributing information. They're not people and they're not organizations; they're something else. That's first.
Second, they do it at a cost basis that's close to zero. The idea that you will regulate the speech of people who shouldn't be allowed to speak during elections by identifying individuals or organizations and limiting their spending.... Pretty soon that will be fighting last year's war. That becomes a real challenge for you from a regulatory perspective.
