8 months ago

The Commission on Fair Political Practice of California (FPPC) intends to prohibit donations in cryptocurrency for political campaigns. The declared reason was the unacceptably low level of transparency of such transactions.

Representatives of the FPPC voted for a ban that would not allow candidates for political positions to accept donations in the crypto. The first hearing of the case took place in August 2018, but at that time the Commission was unable to reach a consensus.

Having studied all aspects of the issue, the regulator came to the conclusion that the impossibility of identifying the sender of funds is unacceptable for the political environment.