Cryptocurrency has grown increasingly popular in the past decade partly because of its enhanced security, privacy and anonymity. This anonymity is one of the primary reasons California regulators outlawed all political donations in cryptocurrencies in 2018. State regulators cited the possibility of political interference by foreign players as well as the chance that digital assets could be used to surpass campaign contribution limits.
After more than three years since the ban on cryptocurrency donations, lawmakers in California have voted to allow political campaign donations in Bitcoin and other digital currencies. Municipal and state political candidates will now be able to receive donations in cryptocurrency within…
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