Tennessee Governor to Consider Bitcoin Campaign Donation Bill
A bill to allow political donations denominated in bitcoin has passed in the Tennessee legislature. Tennessee House Bill 701 was approved with a 61-28 vote on 20th April in the House of Representatives, according to a report by the Chattanooga Times Free Press. The Senate version of the bill, SB 674, was passed in late March. The law, when proposed in February, was intended to enshrine in state law a decision made last year by the US Federal Election Commission (FEC) allowing bitcoin donations. That law set an annual cap of $100 and reporting requirements for those who make such donations.....
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The man behind a new bill before the Tennessee Senate is seeking to ensure that the Federal Election Commission's (FEC) approval of bitcoin campaign donations will be honored in the southern US state. Introduced on 18th February by state Senator Steven Dickerson, a Republican from Nashville, the aim of Senate Bill 647 is to amend Tennessee Code to accommodate digital currency as an approved payment method. The bill would effectively add "digital currency" so that it is considered a valid monetary contribution to campaigns. Addressing why the bill is necessary, Dickerson painted the measure....
Another bill was introduced on the same day seeking to make Tennessee the U.S.’s top destination for Bitcoin enthusiasts.
The two bills introduced on Feb. 2 propose allowing the state of Tennessee as well as its counties and municipalities to invest in crypto, as well as forming a committee aimed at studying crypto and blockchain. Jason Powell, a member of the Tennessee House of Representatives, has introduced a bill proposing counties, municipalities, and the state to invest in cryptocurrencies and nonfungible tokens, or NFTs. According to Tennessee House Bill 2644 introduced on Feb. 2, Powell proposed amending the current state code to add crypto, blockchain, and NFTs to the list of authorized investments....
Bitcoin’s advantages to worthy fundraising drives is in the spotlight again, after crowdfunding site GoFundMe removed a campaign that included a Bitcoin donation address. Reasons for Suspension. GoFundMe later reinstated the campaign – a restaurant training and employment program for youth in Uganda – but only after references to Bitcoin were removed....
California Governor Gavin Newsom has vetoed a bill to regulate crypto in his state. He stressed that “a more flexible approach is needed” to “keep up with rapidly evolving technology and use cases” in the crypto sector.
Bill to Regulate Crypto in California Vetoed by Governor Newsom
The governor of the U.S. state of California, Gavin Newsom, vetoed a number of bills Friday, including Assembly Bill 2269 (AB 2269) which will establish a licensing and regulatory framework for cryptocurrency.
Assembly Bill 2269, titled “Digital financial....