How to donate crypto to your favorite political campaign in California in 5 easy steps
If you want to show your support for your favorite political campaign in California with crypto, here’s how you can do it in 5 easy steps:
Check if they accept crypto donations. You can find this on their website or by contacting them directly.
Use a US-based payment processor that is registered with the Treasury Department and FinCEN and that follows the KYC policies and regulations. Some examples are BitPay, Coinbase, and Gemini.
Provide your name, address, employer, and occupation when you make your donation. The payment processor will report this to the FPPC within 24 hours.
Be aware of the contribution limits and prohibitions. You can’t donate more than $4,900 per election cycle to a state candidate or more than $8,500 per year to a state committee. You also can’t donate if you are a foreign entity, a lobbyist, or an anonymous source.
Keep track of the value of your donation in US dollars at the time of receipt. The payment processor will convert your crypto into US dollars and deposit it into the campaign bank account within two days after taking a 2% processing fee. The candidate or committee will report your donation as a non-monetary contribution.
That’s it! You have just donated crypto to your favorite political campaign in California.
#cryptodonation #californiapolitics #howtodonatecrypto How to donate crypto to your favorite political campaign in California in 5 easy steps ๐ธ
If you want to show your support for your favorite political campaign in California with crypto, here’s how you can do it in 5 easy steps:
Check if they accept crypto donations. You can find this on their website or by contacting them directly.
Use a US-based payment processor that is registered with the Treasury Department and FinCEN and that follows the KYC policies and regulations. Some examples are BitPay, Coinbase, and Gemini.
Provide your name, address, employer, and occupation when you make your donation. The payment processor will report this to the FPPC within 24 hours.
Be aware of the contribution limits and prohibitions. You can’t donate more than $4,900 per election cycle to a state candidate or more than $8,500 per year to a state committee. You also can’t donate if you are a foreign entity, a lobbyist, or an anonymous source.
Keep track of the value of your donation in US dollars at the time of receipt. The payment processor will convert your crypto into US dollars and deposit it into the campaign bank account within two days after taking a 2% processing fee. The candidate or committee will report your donation as a non-monetary contribution.
That’s it! You have just donated crypto to your favorite political campaign in California. #cryptodonation #californiapolitics #howtodonatecrypto
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