California Bans Crypto Campaign Contributions

News, Regulation | September 21, 2018 By:

The Fair Political Practices Commission (FPPC), California’s campaign finance watchdog, has prohibited the use of cryptocurrency in political contributions in the state.

On Thursday, the campaign finance watchdog voted 3-1 to ban political donations in cryptocurrencies. The FPPC said that the anonymity such donations provide would make it difficult to identify who is trying to influence elections.