Kansas Crypto Campaign Donation Bill Postponed to 2024
A bill aiming to regulate cryptocurrency donations in political campaigns in Kansas, United States, has been postponed until January 2024. The bill, HB 2167, was introduced on Jan. 25, 2023, and proposed a $100 limit on all political donations in primary or general elections, requiring politicians to convert the crypto donations to U.S. dollars immediately. However, the bill failed to comply with the state’s Rule 1507 and was therefore struck from the calendar.
The Kansas Governmental Ethics Commission previously claimed that crypto contributions were too secretive, particularly targeting Bitcoin donations. Meanwhile, nine U.S. Senators have joined Senator Elizabeth Warren’s Digital Asset Anti-Money Laundering Act, demonstrating that Congress is ready to take action on crypto’s illicit use and provide regulators with more tools.
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