Of course FEC guidance has legal significance. I cited a US Supreme Court case explaining why.
Iff Trump and Cohen can show they relied on it. That is a big if.
Those lawyers do not appear to know the law as well as I, but I will cheerfully concede that Cohen might just be dumb enough to have **** his own bed, he ****** up his taxes enough to put him and his wife away for a long time.
Imagine they know the law quite well. Then imagine how bad Cohen must have **** his bed. That is exactly how dumb we all think Cohen is, ever since he argued that marital rape was not possible.