{"id":64813,"date":"2022-07-23T17:51:43","date_gmt":"2022-07-23T14:51:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=64813"},"modified":"2025-09-06T16:28:56","modified_gmt":"2025-09-06T13:28:56","slug":"california-lifts-ban-on-cryptocurrency-donations-to-politicians","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/california-lifts-ban-on-cryptocurrency-donations-to-politicians\/","title":{"rendered":"California lifts ban on cryptocurrency donations to politicians"},"content":{"rendered":"<p>The California Fair Political Practices Commission <a href=\"https:\/\/www.fppc.ca.gov\/content\/dam\/fppc\/NS-Documents\/AgendaDocuments\/General%20Items\/2022\/july\/14.2-18421.2.pdf\">lifted<\/a> the ban on politicians accepting donations in digital assets, which had been in place since 2018.<\/p>\n<p>The participants voted unanimously to repeal the restriction. The updated rule envisions processing transactions through a third-party payment processor headquartered in the United States.<\/p>\n<p>The processor must register with FinCEN and comply with KYC procedures. All receipts must be immediately converted to U.S. dollars and transferred to a bank account.<\/p>\n<p>Earlier in the second quarter of 2022, executives of cryptocurrency companies and venture funds actively contributed to the pre-election campaigns of U.S. senators <a href=\"https:\/\/u1f987.com\/en\/news\/top-executives-at-a16z-and-kraken-backed-cynthia-lummiss-senate-campaign\">Cynthia Lummis<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/ftx-ceo-sam-bankman-fried-and-the-winklevoss-brothers-backed-kirsten-gillibrands-campaign\">Kirsten Gillibrand<\/a>.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The California Fair Political Practices Commission has lifted the ban on politicians accepting donations in digital assets, in place since 2018.<\/p>\n","protected":false},"author":1,"featured_media":64814,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[306,26],"class_list":["post-64813","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-charity","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"6","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/64813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=64813"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/64813\/revisions"}],"predecessor-version":[{"id":64815,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/64813\/revisions\/64815"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/64814"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=64813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=64813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=64813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}