California Lawmaker Introduces Bill for State To Accept Crypto Payments
A California lawmaker is introducing a state Senate bill seeking to allow Golden State citizens to pay for government services using crypto assets.
On February 18, California Senator Sydney Kamlager introduced a bill allowing state agencies to accept cryptocurrency payments for services.
“This bill would authorize a state agency to accept cryptocurrency as a method of payment for the provision of government services.”
The bill has yet to pass into law.
The proposed bill is part of a nationwide effort to adopt crypto assets at the state and city levels. Within California itself, a democratic state senator is working alongside a Bitcoin (BTC) expert to push a bill to make BTC legal tender.
Together, @Dennis_Porter_ and I are working on a bi-partisan effort to legislatively explore #Bitcoin as legal tender in the State of California. More to come. https://t.co/FlcFHRr9B1
— Ian C. Calderon (@IanCalderon) February 20, 2022
Outside of California, the push towards state-sanctioned crypto payments is even stronger. Miami and New York City have created unique CityCoins within the last six months while Colorado became the first state to accept digital assets for tax payments last week.
Says Governor Jared Polis of Colorado’s plans,
“We expect by this summer, pretty soon, to accept crypto for all of our state tax-related purposes, and then we plan to roll that out across all of state government for things [that] could be as simple as a driver’s license or hunting license.”
Colorado is also reportedly exploring the idea of introducing a CityCoin.
Bitcoin is exchanging hands at $37,518 at time of writing, a 3.5% drop on from its 24-hour peak of $38,682.
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The post California Lawmaker Introduces Bill for State To Accept Crypto Payments appeared first on The Daily Hodl.
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Author: Daily Hodl Staff
