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California Mulls Over Crypto Donations For Politicians Ahead of Midterms

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Fri, 17/08/2018 - 17:24
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California Mulls Over Crypto Donations For Politicians Ahead of Midterms
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During yesterday’s FPPC meeting in California, the right to accept crypto for political causes became the focal point of the committee’s discussion. The Golden State has been showing a rather crypto-friendly attitude, allowing Bitcoin donations since 2014. However, now the commission acknowledges the need to strictly define what ‘crypto’ is.

Luckily, they didn’t make any harsh decision, opting to further explore the matter. So far, the FPPC agreed to set the maximum amount of crypto contributions for the upcoming November’s midterms at $100. The final verdict is expected next month.

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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