In California, You Can Again Support Politicians With Crypto Donations
The previously imposed ban on supporting politicians with cryptocurrency donations has now been lifted. The matter was taken up by the State Fair Political Practices Commission. By unanimous vote, they decided to lift the ban.
However, crypto donations to politicians are now subject to strict regulations. Transactions must be conducted through a third-party operator headquartered in the United States with mandatory KYC compliance.
Before conducting transactions, the operator must register with the Financial Crime Enforcement Network. Donations must be immediately converted into US dollars and sent to a bank account.