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 » 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

    Hyperliquid’s USDH stablecoin call sparks fairness and governance debate

    September 5, 20253 Mins Read

    SharpLink to explore staking part of its $3.6 billion ETH treasury on Linea

    September 5, 20253 Mins Read

    Strategy Inc.’s path to the S&P 500 faces committee discretion, extreme volatility, and Bitcoin-dependent results

    September 5, 20253 Mins Read

    Coinbase accelerates toward a majority of AI-generated code amid a global trend

    September 5, 20253 Mins Read

    World Liberty Financial Blocks Justin Sun’s Wallet Amid WLFI Controversy

    September 5, 20253 Mins Read

    SEC bets on a pro-crypto agenda with a series of rulemakings on digital assets

    September 5, 20252 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.