Regulating the acceptance of cryptocurrency as a form of campaign contribution.

Session of 2026
SENATE BILL No. 310
By Senator Bowser
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AN ACT concerning elections; relating to campaign contributions;
regulating the acceptance of cryptocurrency as a form of campaign
contribution; amending K.S.A. 2025 Supp. 25-4153 and repealing the
existing section.
Be it enacted by the Legislature of the State of Kansas:
Section 1. K.S.A. 2025 Supp. 25-4153 is hereby amended to read as
follows: 25-4153. (a) The aggregate amount contributed to a candidate and
such candidate's candidate committee and to all party committees and
political committees and dedicated to such candidate's campaign, by any
political committee or any person except a party committee, the candidate
or the candidate's spouse, shall not exceed the following:
(1) For the pair of offices of governor and lieutenant governor or for
other state officers elected from the state as a whole, $4,000 for each
primary election, or in lieu thereof, a caucus or convention of a political
party, and an equal amount for each general election.
(2) For the office of member of the house of representatives, district
judge, district magistrate judge, district attorney or a candidate for local
office whose jurisdiction has a population that is fewer than 50,000,
$1,000 for each primary election, or in lieu thereof, a caucus or convention
of a political party, and an equal amount for each general election.
(3) For the office of state senator, member of the state board of
education or a candidate for local office whose jurisdiction has a
population that is 50,000 or more, $2,000 for each primary election, or in
lieu thereof, a caucus or convention of a political party, and an equal
amount for each general election.
(b) For the purposes of this section, the face value of a loan at the end
of the period of time allocable to the primary or general election is the
amount subject to the limitations of this section. A loan in excess of the
limits herein provided may be made during the allocable period if such
loan is reduced to the permissible level, when combined with all other
contributions from the person making such loan, at the end of such
allocable period.
(c) For the purposes of this section, all contributions made by
unemancipated children under 18 years of age shall be considered to be
contributions made by the parent or parents of such children. The total
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amount of such contribution shall be attributed to a single custodial parent
and 50% of such contribution to each of two parents.
(d) (1) The aggregate amount contributed to a party committee, as
defined in K.S.A. 25-4143(j)(k)(1), (4) or (5), and amendments thereto, by
a person other than a party committee shall not exceed $35,000 in each
calendar year.
(2) The aggregate amount contributed by a national party committee
to a party committee, as defined in K.S.A. 25-4143 (j)(k)(1), (4) or (5), and
amendments thereto, shall not exceed $35,000 in any calendar year.
(3) The aggregate amount contributed to any party committee, as
defined in K.S.A. 25-4143 (j)(k)(2) or (6), and amendments thereto, by a
person other than a party committee shall not exceed $10,000 in each
calendar year.
(4) The aggregate amount contributed by a national party committee
to any party committee, as defined in K.S.A. 25-4143 (j)(k)(2) or (6), and
amendments thereto, shall not exceed $10,000 in any calendar year.
(e) The amount contributed by each individual party committee of the
same political party, other than a national party committee, to any
candidate for office for any primary election at which two or more
candidates are seeking the nomination of such party shall not exceed the
following:
(1) For the pair of offices of governor and lieutenant governor and for
each of the other state officers elected from the state as a whole, $4,000 for
each primary election, or in lieu thereof, a caucus or convention of a
political party.
(2) For the office of member of the house of representatives, district
judge, district magistrate judge, district attorney or a candidate for local
office whose jurisdiction has a population that is fewer than 50,000,
$1,000 for each primary election, or in lieu thereof, a caucus or convention
of a political party.
(3) For the office of state senator, member of the state board of
education or a candidate for local office whose jurisdiction has a
population that is 50,000 or more, $2,000 for each primary election, or in
lieu thereof, a caucus or convention of a political party.
(f) No expenditures made by a party committee in support of a
candidate, with or without such candidate's cooperation or consent, shall
constitute a contribution.
(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
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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.
(h) (1) If a candidate or a candidate's candidate committee receives
contributions prior to the date of the primary election and such
contributions are designated for use in connection with the general
election, such candidate or such committee shall use an acceptable
accounting method to distinguish between contributions received for the
primary election and contributions received for the general election.
Acceptable accounting methods include, but are not limited to:
(A) The designation of separate accounts for each election; or
(B) the establishment of separate books and records for each election.
(2) Under any acceptable accounting method, the authorized records
of a candidate or candidate committee shall demonstrate that, prior to the
primary election, the recorded amount of cash on hand was at all times
equal to or in excess of an amount equal to the sum of the contributions
received and designated for use in connection with the general election
less the sum of disbursements made for the general election.
(i) For purposes of this section,:
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(1) "Cryptocurrency" means a convertible virtual currency for online
transactions that functions as a substitution for currency or whose value is
equivalent to currency.
(2) "Jurisdiction" means:
(1)(A) The city, county or school district if the candidate is seeking
election to a local office that is elected at large in such city, county or
school district; and
(2)(B) the electoral district if the candidate is seeking election as a
member of a governing body that has member districts.
(j) Any political funds that have been collected and were not subject
to the reporting requirements of this act shall be deemed a person subject
to these contribution limitations.
(k) Any political funds that have been collected and were subject to
the reporting requirements of the campaign finance act shall not be used in
or for the campaign of a candidate for a federal elective office.
Sec. 2. K.S.A. 2025 Supp. 25-4153 is hereby repealed.
Sec. 3. This act shall take effect and be in force from and after its
publication in the Kansas register.
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