News Explorer — California Has New Crypto Campaign Contribution Disclosure Rules

California Has New Crypto Campaign Contribution Disclosure Rules
The California Fair Political Practices Commission (FPPC) has updated its campaign disclosure manuals to include detailed rules for declaring cryptocurrency contributions. The updates cover various aspects such as contribution limits, disclosure requirements, and guidelines for reporting cryptocurrency contributions. Committees are required to use registered US-based payment processors that follow Know Your Customer (KYC) protocols to verify the identities of contributors and convert cryptocurrency contributions to US dollars within two business days.
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