Kansas adjourns crypto bill targeting political donations to January 2024

A legislative measure successful the United States authorities of Kansas that aimed to bounds and prohibit cryptocurrency donations successful governmental campaigns has been adjourned to January 2024. 

Lawmakers successful the Kansas House of Representatives introduced bill HB 2167 connected Jan. 25, 2023. As antecedently reported by Cointelegraph, the measure sought to enforce a $100 bounds connected each governmental donations successful the state’s superior oregon wide election. The measure besides required politicians to “immediately convert” the crypto donations to U.S. dollars, with nary scope of expenditures oregon hodling the funds.

Kansas crypto measure HB 2167 has been adjourned until Jan. 8, 2024. Source: kslegislature.org

Soon aft the measure was introduced and referred to the House Committee connected Elections, a committee study was shared connected Feb. 22, 2023 “recommending measure beryllium passed,” accompanied by definite amendments.

However, the measure was struck from the calendar aft nonaccomplishment to comply with the state’s Rule 1507, the “Disposition of Bills Subject to Certain Deadlines,” which subjects definite bills to strict deadlines. The rubric of the measure HB 2167 read:

“Amending the run concern enactment to modulate and bounds the usage of cryptocurrency and to prohibit the usage of immoderate governmental funds collected by a campaigner oregon campaigner committee for a campaigner for national office.”

Targeting Bitcoin (BTC) governmental donations successful particular, the Kansas Governmental Ethics Commission said successful 2017 that cryptocurrency contributions were “too secretive.” Californian authorities besides banned crypto governmental donations backmost successful 2018 but later backtracked connected the determination successful July 2022.

Related: KC Fed tracks steadfast maturation of crypto ATM manufacture contempt predatory operators

Meanwhile, 9 U.S. Senators joined successful to enactment Senator Elizabeth Warren’s Digital Asset Anti-Money Laundering Act.

Senator Warren’s authoritative legislature webpage named Democratic Party Senators Gary Peters, Dick Durbin, Tina Smith, Jeanne Shaheen, Bob Casey, Richard Blumenthal, Michael Bennet and Catherine Cortez Masto, on with autarkic Senator Angus King, arsenic those who joined the bipartisan conjugation supporting the bill.

“Our expanding conjugation shows that Congress is acceptable to instrumentality enactment – our bipartisan measure is the toughest connection connected the array cracking down connected crypto’s illicit usage and giving regulators much tools successful their toolbox,” Warren added portion welcoming the caller measure supporters.

Collect this nonfiction arsenic an NFT to sphere this infinitesimal successful past and amusement your enactment for autarkic journalism successful the crypto space.

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