California Is Open to Allowing Crypto Political Donations
Candidates for public office in California may soon be able to accept cryptocurrencies as donations. The California Fair Political Practices Commission met on Thursday to discuss a number of election issues facing the Golden State, including whether candidates for public office can accept cryptocurrencies as part of campaign donations. Ultimately, the commissioners didn’t make a decision to adopt any of the proposed amendments during the hearing, acknowledging that they don’t understand the issue fully. Back in 2014, the Federal Election Commission ruled that federal election law allows for candidates to accept cryptocurrencies like bitcoin as an in-kind donation. During the hearing on Thursday, chairwoman Alice Germond indicated that a set definition for a “cryptocurrency” is needed, remarking: “I would be inclined to think that bitcoin is a thing that is not U.S. money but is more like a currency, like the euro. But I would like to hear more to
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