California again allows crypto contributions to state, local political campaigns

📆 7/24/2022 6:00 AM
📰 Cointelegraph

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California lifts the crypto ban, and donations for candidates running for local and state offices are allowed again.

three options for its crypto policy. Those were to maintain the ban or treat crypto like cash, with a $100 contribution cap, as is done in several states.

The third option was to treat crypto like an in-kind contribution, that is as a good or service rather than money, with the requirements that the contribution come through a processor that uses KYC protocols and the contribution be converted into fiat within two business days of receipt. The value of the contribution would be the dollar exchange rate of the crypto on the day of transfer.the third option in its decision on Thursday.

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Great. Now can we ban politicians in California.

Wow that was easy.

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