{"id":448048,"date":"2022-05-17T00:00:00","date_gmt":"2022-05-16T21:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/california-regulator-will-revisit-long-running-ban-on-crypto-donations-on-may-19\/"},"modified":"2022-05-17T00:00:00","modified_gmt":"2022-05-16T21:00:00","slug":"california-regulator-will-revisit-long-running-ban-on-crypto-donations-on-may-19","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/california-regulator-will-revisit-long-running-ban-on-crypto-donations-on-may-19\/","title":{"rendered":"# California regulator will revisit long-running ban on crypto donations on May 19"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3dcb1066416\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3dcb1066416\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/california-regulator-will-revisit-long-running-ban-on-crypto-donations-on-may-19\/#%E2%80%9D_California_regulator_will_revisit_long-running_ban_on_crypto_donations_on_May_19_%E2%80%9C\" >&#8221; California regulator will revisit long-running ban on crypto donations on May 19 &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_California_regulator_will_revisit_long-running_ban_on_crypto_donations_on_May_19_%E2%80%9C\"><\/span>&#8221; California regulator will revisit long-running ban on crypto donations on May 19 &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvMWIyOTQ4ODUtZWMzNS00MDQ2LTgwYzYtYjg4YWJhNjI3MzZhLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>A California state regulator may be looking at overturning a ban on cryptocurrency donations to political campaigns which has been in effect since 2018.<\/p>\n<p>According to its May 2022 agenda, California\u2019s Fair Political Practices Commission, or FPPC, has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fppc.ca.gov\/content\/dam\/fppc\/NS-Documents\/AgendaDocuments\/Agendas\/2022\/00-MAY-Agenda.pdf\">scheduled<\/a> a \u201cpre-notice discussion\u201d on Thursday on the use of cryptocurrencies f campaign contributions in the state. The commission said it will be considering drafting amendments to its regulations <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fppc.ca.gov\/content\/dam\/fppc\/NS-Documents\/LegalDiv\/Regulations\/Index\/Chapter2\/18215.4%20Cryptocurrency%20Contributions.pdf\">requiring<\/a> that \u201cno contribution may be made or received in cryptocurrency.\u201d <\/p>\n<p>In September 2018, the FPPC voted to ban both sending and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fppc.ca.gov\/content\/dam\/fppc\/NS-Documents\/AgendaDocuments\/General%20Items\/2022\/may\/6-Memo-crypto.pdf\">receiving<\/a> crypto contributions for political campaigns in the state of California, due to concerns the donations &#8220;might be utilized to circumvent contribution limits and prohibitions, or by foreign entities to contribute to campaigns.&#8221; FPPC\u2019s communications director Jay Wierenga told Cointelegraph that the commission \u201clook[s] at trends and [tries] to stay ahead of them,\u201d <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fppc.ca.gov\/content\/dam\/fppc\/documents\/Opinions\/Leiderman.pdf\">citing<\/a> a March opinion in which its legal division said a campaign selling nonfugible tokens to raise funds must count &#8220;the entire amount received\u201d as a \u201creportable contribution.&#8221;<\/p>\n<p>\u201cThis has been on our radar since late last year,\u201d said Wierenga. \u201cCrypto [has] obviously has grown in usage and visibility since 2019. So the Commission wants to review it and determine if any changes should be made, or not.\u201d<\/p>\n<p>According to Wierenga, the current ban on crypto political campaign contributions has not affected candidates running for office in California at a federal level, just state and local. For example, Aarika Rhodes, an elementary school teacher running to represent California\u2019s 32nd congressional district currently held by Democrat Brad Sherman, has openly called for her supporters to donate Bitcoin (BTC) via the Lighting:<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Our campaign has officially adopted Lighting for campaign contributions.\u26a1\ufe0f<\/p>\n<p>This revolutionary <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> creates accessibility and looks towards the future. I am excited to provide this option to our supporters across all 50 states. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a><\/p>\n<p>\u2014 Aarika for CA-32  (@AarikaRhodes) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/AarikaRhodes\/status\/1465712231216136208?ref_src=twsrc%5Etfw\">November 30, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<strong><em>Related: <\/em><\/strong><strong><em>Crypto-focused PAC has used $9M to support Democratic candidates since January<\/em><\/strong><\/p>\n<p>Commissions and other governing bodies in U.S. states are responsible for determining whether to enforce bans on crypto political donations for state and local campaigns. South Carolina\u2019s House of Representatives ethics committee said in 2018 that the definition of a campaign contribution did not include cryptocurrency, and Colorado c<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ed the amount of donated in crypto to the same levels as fiat.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/california-regulator-will-revisit-long-running-ban-on-crypto-donations-on-may-19\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; California regulator will revisit long-running ban on crypto donations on May 19 &#8220; A California state regulator may be looking at overturning a ban on cryptocurrency donations to political campaigns which has been in effect since 2018. According to its May 2022 agenda, California\u2019s Fair Political Practices Commission, or FPPC, has scheduled a \u201cpre-notice&#8230;<\/p>\n","protected":false},"author":1,"featured_media":448050,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvMWIyOTQ4ODUtZWMzNS00MDQ2LTgwYzYtYjg4YWJhNjI3MzZhLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74863,13096,70577,32681,70934],"class_list":["post-448048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrencies","tag-california","tag-donations","tag-politics","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/448048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=448048"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/448048\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/448050"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=448048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=448048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=448048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}