If your organization is using Every.org for cryptocurrency donations, you may not have to update your Gift Acceptance Policy. Every.org is the official 501(c)(3) recipient of the cryptocurrency donation, and your organization receives cash. If you have a clause in your Gift Acceptance Policy that already covers donations from other 501(c)(3)s such as Donor Advised Funds (DAF), you may not need to modify anything.
Instead, you can add additional information on your donation page alongside your crypto donate button or link:
Cryptocurrency donations are accepted using Every.org, a 501(c)(3) nonprofit who processes and sells the cryptocurrency, sends the tax receipt, and disburses the full realized gain to <YOUR NONPROFIT NAME>. More information here.
If you wish to include cryptocurrency explicitly in your gift acceptance policy and use Every.org, here is some sample language:
Virtual currencies such as cryptocurrency are classified as property assets by the IRS. <YOUR NONPROFIT NAME> does not accept cryptocurrency directly and instead encourage donors to direct their gift to Every.org in support of <YOUR NONPROFIT NAME>. Every.org is a 501(c)(3) nonprofit that will accept and sell gifts of cryptocurrency, issue gift acknowledgements or receipts, and disburse the full realized gain to <YOUR NONPROFIT NAME>.
If you want to provide information regarding tax deductions:
Donors who wish to take a tax deduction for their gift should consult a tax professional for tax implications. For example, they may need to fill out IRS Form 8283 to claim deductions worth $500 or more or be subject to qualified third-party appraisal requirements to claim deductions worth $5,000 or more.
If you want to accept cryptocurrency donations directly and not through Every.org, you should mention any approval process (such as by a Gift Acceptance Committee) and when the cryptocurrency will be liquidated.
Here are some other example gift acceptance policies mentioning cryptocurrency: