Politics & Government
California Allows Cryptocurrency Donations To Political Campaigns
The new rules say candidates can accept cryptocurrency donations if they immediately convert the digital currency into U.S. dollars.
July 22, 2022
Candidates for state and local offices in California will soon be able to accept cryptocurrency campaign donations.
Find out what's happening in Sacramentofor free with the latest updates from Patch.
The Fair Political Practices Commission voted Thursday to approve new rules allowing the donations for digital currencies such as Bitcoin.
The new rules say candidates can accept cryptocurrency donations if they immediately convert the digital currency into U.S. dollars. Candidates must use a registered cryptocurrency processor to handle the transaction that will collect the name, address, occupation and employer of each contributor.
Find out what's happening in Sacramentofor free with the latest updates from Patch.
CBS Local Digital Media personalizes the global reach of CBS-owned and operated television and radio stations with a local perspective.
