The Federal Election Commission says crypto donations are subject to the same rules and contribution limits as conventional contributions are — but some states ban them, as the currencies are harder to trace and regulate.
Crypto entrepreneur Sam Bankman-Fried was sentenced to 25 years in prison for a massive fraud that unraveled with the collapse of FTX, the massive crypto exchange.
“There were red flags all over FTX,” said the New York Times’ David Yaffe-Bellany. “Even in the kind of renegade world of crypto, these sort of lessons from traditional finance still apply.”