California regulators may consider lifting a political campaign ban on crypto donations, effective from 2018.
According to the May 2022 agenda, the California Fair Political Practices Committee, or FPPC, hasset Thursday’s “advance discussion” on the use of cryptocurrencies for in-state campaign support The commission said it would consider a draft amendment to the regulations.given “There must be no donations or receipts in cryptocurrency.”
In September 2018, the FPPC voted to ban both the transmission andreceiveCrypto Funding for Political Campaigns in California due to concerns that the donation “May be used to bypass donation restrictions and prohibitions. or by foreign agencies to participate in the campaign,” Jay Wierenga, FPPC communications director, told the committee. “Consider the trend” by referring toA March comment to the legal department said the NFT token sale campaign to raise funds must count. Total Amount Earned” as “Reportable Contributions”
“This has been in our consideration since late last year,” Wierenga said. [มี] There has been a marked growth in usage and visibility since 2019, so the Commission would like to review and determine if any changes should be made.”
According to Wierenga, the current ban on political campaign contributions has not affected California candidates at the federal level. At both state and local levels, for example, Aarika Rhodes, an elementary school teacher who works to represent California’s 32nd congressional district, now held by Democrat Brad Sherman. has urged her supporters to donate Bitcoin (BTC) via Lighting.
Our campaign has officially adopted Lighting for campaign contributions.
This revolutionary technology creates accessibility and looks towards the future. I am excited to provide this option to our supporters across all 50 states. #Bitcoin
— Aarika for CA-32
(@AarikaRhodes) November 30, 2021
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