As the world continues to adapt to the growing rise and mass adoption of crypto, governments and regulators worldwide are moving to create updated frameworks that govern and regulate the use and impact of digital currencies in certain sectors. Likewise, the California Fair Political Practices Commission (FPPC) is the latest to make such a move.
Crypto In Politics
The FPPC recognizes cryptocurrencies’ role in the political sphere, especially regarding campaign donations. So as part of its agenda for its August meeting, the agency will discuss the updated campaign disclosure manuals, which now include cryptocurrency contributions.
In a move reiterating the agency’s commitment to transparent campaign financing, these updated guidelines provide a more comprehensive framework for political candidates and committees in California on how to receive and deal with crypto donations.
As contained in Chapter 4 of the manual, which…
