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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