California Mulls Over Crypto Donations For Politicians Ahead of Midterms

  • Alex Dovbnya
    📰 News

    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


California Mulls Over Crypto Donations For Politicians Ahead of Midterms

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) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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