Regulates the acceptance of cryptocurrency as a form of campaign contribution in Kansas.
The bill amends Kansas election laws to regulate the acceptance of cryptocurrency as a form of campaign contribution. It defines cryptocurrency and sets limits on contributions from individuals, party committees, and national party committees. Contributions must be converted to U.S. currency and deposited within three business days. Cryptocurrency contributions must be made through a U.S.-based payment processor that verifies contributor identity. The bill also prohibits the use of cryptocurrency for campaign expenditures and holding it as a campaign asset.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.