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A Kansas invoice that aimed to restrict and prohibit cryptocurrency donations in political campaigns has been adjourned to January 2024.
Lawmakers within the Kansas Home of Representatives launched the invoice — HB 2167 — on Jan. 25, 2023. As beforehand reported by Cointelegraph, the invoice sought to implement a $100 restrict on all political donations within the state’s main or basic election. The invoice additionally required politicians to “instantly convert” the crypto donations to U.S. {dollars} — with no scope of expenditures or HODLing the funds.
Quickly after the invoice was launched and referred to the Home Committee on Elections, a committee report was shared on Feb. 22, 2023 “recommending invoice be handed” accompanied by sure amendments.
Nevertheless, the invoice was stricken from the calendar after failure to adjust to the state’s Rule 1507 (Disposition of Payments Topic to Sure Deadlines), which topics sure payments to strict deadlines. The title of the invoice HB 2167 learn:
“Amending the marketing campaign finance act to control and restrict using cryptocurrency and to ban using any political funds collected by a candidate or candidate committee for a candidate for federal workplace.”
Concentrating on Bitcoin (BTC) political donations particularly, the Kansas Governmental Ethics Fee mentioned in 2017 that cryptocurrency contributions have been “too secretive.” Californian authorities too had banned crypto political donations again in 2018, however later backtracked on the choice in July 2022.
Associated: KC Fed tracks wholesome progress of crypto ATM trade regardless of predatory operators
9 United States Senators joined in to assist Senator Elizabeth Warren’s Digital Asset Anti-Cash Laundering Act.
Senator Warren’s official senate webpage named Democratic Celebration Senators Gary Peters, Dick Durbin, Tina Smith, Jeanne Shaheen, Bob Casey, Richard Blumenthal, Michael Bennet and Catherine Cortez Masto, together with impartial Senator Angus King, as those that joined the bipartisan coalition supporting the invoice.
“Our increasing coalition exhibits that Congress is able to take motion – our bipartisan invoice is the hardest proposal on the desk cracking down on crypto’s illicit use and giving regulators extra instruments of their toolbox,” Warren added whereas welcoming the brand new invoice supporters.
Journal: Are DAOs overhyped and unworkable? Classes from the entrance traces
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