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Senators amend bill to bar cryptocurrency and commodities as campaign contributions
Summary
After debate about payment processors and instant conversion apps, the committee adopted an amendment to SB310 that prohibits accepting campaign contributions in cryptocurrency, precious metals, securities or commodities and includes statutory definitions; the amendment passed on a division vote.
Senate Bill 310, which originally would have allowed candidates to accept campaign contributions in convertible virtual currency, was amended in committee to prohibit accepting cryptocurrency, precious metals, securities or commodities as campaign contributions.
Jason, the committee adviser, summarized the original bill as an amendment to KSA 25‑41‑53 that would have required contributions in convertible virtual currency to be processed by a U.S.‑based payment…
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