“This has been on our radar since late last year,” said California’s truthful Political Practices Commission communications director Jay Wierenga.
A California state regulator is also viewing overturning a ban on cryptocurrency donations to political campaigns that has been in result since 2018.
According to its could 2022 agenda, California’s honest Political Practices Commission, or FPPC, has regular a “pre-notice discussion” on Thursday on the utilization of cryptocurrencies f campaign contributions within the state. The commission said it'll be considering drafting amendments to its laws requiring that “no contribution is also created or received in cryptocurrency.”
In September 2018, the FPPC voted to ban each causing and receiving crypto contributions for political campaigns within the state of American state, due to concerns the donations "might be utilized to avoid contribution limits and prohibitions, or by foreign entities to contribute to campaigns." FPPC’s communications director Jay Wierenga told Cointelegraph that the commission “look[s] at trends and [tries] to remain prior them,” citing a March opinion in which its legal division said a campaign selling nonfugible tokens to raise funds must count "the entire amount received” as a “reportable contribution."
“This has been on our radar since late last year,” aforesaid Wierenga. “Crypto [has] clearly has adult in usage and visibility since 2019. therefore the Commission needs to review it and verify if any changes ought to be created, or not.”
According to Wierenga, this ban on crypto political campaign contributions has not affected candidates running for office in California at a federal level, just state and local. for instance, Aarika Rhodes, an school teacher running to represent California’s thirty second congressional district presently control by Democrat Brad Sherman, has brazenly demanded her supporters to give Bitcoin (BTC) via the Lighting:
( Turner Wright, Cointelegraph, 2022 )