Close Menu
    X (Twitter)
    Blockchain Journal
    • News
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • NFT
      • DeFi News
      • Polkadot News
      • Chainlink News
      • Ripple News
      • Cardano News
      • EOS News
      • Litecoin News
      • Monero News
      • Stellar News
      • Tron News
      • Press Releases
      • Opinion
      • Sponsored
    • Price Analisys
    • Learn Crypto
    • Contact
    • bandera
    Facebook X (Twitter) Instagram
    Blockchain Journal
    Home ยป In California, they can prohibit crypto-currency donations for political campaigns

    In California, they can prohibit crypto-currency donations for political campaigns

    0
    By BlockchainJournal on September 21, 2018 News
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The Commission on Fair Political Practice of California (FPPC) intends to prohibit donations in the crypto currency for political campaigns. The declared reason was the unacceptably low level of transparency of such financial transactions.

    . @CA_FPPC voted to prohibit the use of cryptocurrency, including bitcoin, for political contributions. https://t.co/T7tR5X1PYj

    – BMH Law (@Political_Law) September 20, 2018

    Representatives of the FPPC voted for a ban that would not allow candidates for political positions to accept donations in the crypto currency. The first hearing of the case took place in August 2018, but at that time the Commission was unable to reach a consensus.

    Having studied all aspects of the issue, the regulator came to the conclusion that the impossibility of identifying the sender of funds is unacceptable for the political environment.

    Representatives of the FPPC noted that the decision is not final. In the future, additional debates will be held, and the position may change.

    At the moment, based on the decision of the US Federal Election Commission from 2014, candidates for political positions can accept donations in the crypto currency (including in bitcoins).

    Earlier, one of the candidates for the US House of Representatives from the State of New York, Patrick Nelson began to accept from his supporters donations in bitcoins.

    Subscribe to BlockchainJournal news in Telegram: BlockchainJournal Live – all news feed, BlockchainJournal – the most important news and polls.

    << aside id = "unisender_subscribe_form-10" class = "widget unisender_form">

    BlockchainJournal.news

    Bitcoin California Election Featured House New York
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    BlockchainJournal

    Related Posts

    DBS Hong Kong Warns New Stablecoin Regulation Will Limit Derivatives Trading

    September 26, 20252 Mins Read

    SharpLink Gaming Revolutionizes the Market by Tokenizing Its Equity on the Ethereum Network

    September 25, 20253 Mins Read

    Plasma’s XPL Token Bursts onto the Market with a Capitalization Exceeding $2.4B

    September 25, 20253 Mins Read

    Japan Doubles Its Crypto Market Thanks to Tax and Regulatory Reforms, New Report Finds

    September 24, 20252 Mins Read

    Gate Launchpad listed Plasma (XPL) with dual interest in GUSD

    September 23, 20252 Mins Read

    Ethena partners with Flowdesk as USDe reaches $14 billion amid a boom for synthetic dollars

    September 19, 20253 Mins Read

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 Blockchain Journal

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.