California again allows crypto contributions to the state and local political campaigns
California has overturned a 2018 ban imposed on crypto donations for meeting political ends
By Shashank Bhardwaj
Image: Shutterstock
California's Fair Political Practices Commission (FPPC) removed a ban on accepting Bitcoin donations on Thursday, allowing candidates for state and municipal offices to accept them once again. The ban was imposed in 2018.
According to the new regulations, politicians are permitted to receive crypto donations as long as they convert them right away into US dollars. Candidates must conduct the transaction that will gather the name, address, occupation, and employer of each donation via a registered crypto payments processor. Donations made in crypto are already permitted for federal office candidates.

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