California regulator will revisit long-running ban on crypto donations on May 19
“This has been on our radar since late last year,” said California’s Fair Political Practices Commission communications director Jay Wierenga. A California state regulator may be looking at overturning a ban on cryptocurrency donations to political campaigns which has been in effect since 2018.According to its May 2022 agenda, California’s Fair Political Practices Commission, or FPPC, has scheduled a “pre-notice discussion” on Thursday on the use of cryptocurrencies f campaign contributions in the state. The commission said it will be considering drafting amendments to its regulations....
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Bitcoin donations have helped Sean's Outpost, a homeless outreach centre in Pensacola, Florida, to achieve outsized success this year. Donations flooded in when its founder, Jason King, asked for bitcoin contributions back in March. As 2013 drew to a close, he announced: "We served 30,000 meals in 2013 and we were able to make a downpayment and pay off the first year's mortgage for Satoshi's Forest, our nine-acre homeless sanctuary. We got a lot done in 2013 for a new charity." Sean's Outpost raised more than 200 BTC this year from donations, according to King. Now the homelessness....
The state of California has officially ceased further plans to adopt cryptocurrency legislation this year. The lawmakers attempting to create their own form of the New York BitLicense with Bill AB-1326. The legislation will remain untouched until next year, when authorities may revisit the Bill and try to introduce it again. California Lawmakers Stop....
Cryptocurrency for political campaign contributions will now be allowed in California, after a ban was lifted by the state’s Fair Political Practices Commission, Friday. The FPPC has voted to lift a four-year restriction on bitcoin contributions. In 2018, California was one of nine states that specifically prohibited the practice, according to an FPPC staff report. […]
California beefed up its financial regulator, Bitpanda closed a notable raise and some investors say "alt-season" is over.
It continually baffles me day after day that Wikipedia, a students' lifesaver and a mainstay in our modern day age, has not started accepting Bitcoin for donations. Bitcoin Blogger recently posted a response received from the Wikimedia Foundation about Bitcoin donation acceptance, the relevant contents of which are shown below, with my own added italicization. The Wikimedia Foundation, as a donor-driven organization, has a fiduciary duty to be responsible and prudent with its money. The Foundation does not currently accept Bitcoin or other currencies not backed by the full faith and credit....