September 24, 2018 •
California Bans Cryptocurrency Campaign Contributions
On September 20, the Fair Political Practices Commission prohibited the use of cryptocurrency in political contributions in California.
The FPPC stated the anonymity of these donations would make it difficult to discern who is attempting to influence elections.
This is contrary to the position the Federal Election Commission took in 2014, which said cryptocurrencies are in-kind property and federal candidates could accept them as a form of contribution under certain conditions.
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