TL;DR Breakdown
The long-running Crypto campaign ban in California finally lifted in July 2022
FPPC has a new set of rules for any more political contributions in terms of cryptocurrency for the election cycle
Transparency and economic projection are the federal government’s priority
Campaigners gearing up for new propositions
Crypto asset companies are facing backlash for large withdrawals and indefinite stock rises.
The fog on Sacramento-California’s long-running cryptocurrency transactions for the campaign donations has lifted. FPPS reversed the ban imposed in Sept 2018 on Cryptocurrency campaign donations in July 2022 concerning some conditions. The news indeed came as a relief to campaigners and crypto enthusiasts in the U.S, as 27 million people in the U.S. actively deal in cryptocurrency.
The new law indicates that California’s local and state candidates will now have permission to accept campaign donations in the form of cryptocurrencies. California and 9 other states under...
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https://www.cryptopolitan.com/california-lifts-ban-on-crypto-donations/
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