California Mulls Over Crypto Donations For Politicians Ahead of Midterms

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Fri, 08/17/2018 - 17:24
Alex Dovbnya
During FPPC meeting the right to accept crypto for political causes became the focal point of the discussion. The Golden State showed the crypto-friendly attitude
Cover image via U.Today

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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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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