How SB 310 changes current law

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill amends the law to regulate the acceptance of cryptocurrency as a form of campaign contribution in Kansas elections.

• K.S.A. 2025 Supp. 25-4153

  (g)(1) No person shall make any contribution or contributions to any candidate or the candidate committee of any candidate in the form of money or currency of the United States, including any form of cryptocurrency, that in the aggregate exceeds $200 for any one primary or general election. No candidate or candidate committee of any candidate shall accept any contribution or contributions in the form of money or currency of the United States, including any form of cryptocurrency, that in the aggregate exceeds $200 from any one person for any one primary or general election. (2) All cryptocurrency contributions shall be made and received through a United States-based cryptocurrency payment processor registered with the United States department of treasury financial crimes enforcement network and that utilizes know-your-customer protocols to verify the identity of the contributor. A cryptocurrency contribution shall only be accepted if the payment processor: (A) Has know-your-customer procedures that enable such payment processor to know the identity of each contributor; and (B) collects the name, address, occupation and employer of each contributor at the time the contribution is made and transmits such information to the candidate, candidate committee, political committee or party committee within 24 hours of the time the contribution is made. (3) A cryptocurrency contribution shall be reported as a monetary contribution. The value of such contribution shall be the fair market value of the cryptocurrency at the time the payment processor obtains possession of the contribution. (4) All cryptocurrency contributions shall be converted to currency of the United States and deposited into the appropriate campaign account within three business days after receipt of such contribution. Any amounts charged or withheld by the payment processor shall be reported as expenditures at the time such amounts are deducted or charged. No expenditures shall be made by an candidate, candidate committee, political committee or party committee in the form of cryptocurrency. Cryptocurrency shall not be held as a campaign asset.

  This change creates specific guidelines for how candidates can accept and manage cryptocurrency contributions, including limits on the amount and requirements for processing.

• K.S.A. 2025 Supp. 25-4153

  Section 2. K.S.A. 2025 Supp. 25-4153 is hereby repealed.

  This change means that the prior version of the statute is completely removed, making way for the new regulations.