August 10, 2018 •
California FPPC to Consider Use of Cryptocurrency for Campaign Purposes
The Fair Political Practices Commission is considering changes to state campaign finance regulations.
The commission was asked to consider the permissible use of cryptocurrency, such as Bitcoin, for campaign contributions and expenditures. Though similar to cash, such currency is not issued by a governmental entity.
Issues expected to be discussed at a public hearing include banning the use of cryptocurrency for campaign purposes, limiting cryptocurrency contributions to the amount of contributions received in cash, requiring cryptocurrency contributions to be converted to cash, permitting committees to establish separate cryptocurrency accounts, or permitting cryptocurrency contributions as in-kind contributions without regard to cash limits.
A public hearing will be held September 20, 2018; written comments should be received by September 18.
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