A New York lawmaker has proposed a bill that would enable state agencies to accept cryptocurrency payments, highlighting a growing trend towards digital currency in public services. Assembly Bill A7788 aims to amend state financial law, allowing payments in Bitcoin, Ether, Litecoin, and Bitcoin Cash for various state fees and obligations. This legislation represents a ...
Republicans in Texas are pushing to create a “strategic reserve” for Bitcoin, potentially using taxpayer dollars to invest in the cryptocurrency. This initiative is on the priority list of Lieutenant Governor Dan Patrick and has the backing of Governor Greg Abbott. Led by Senator Charles Schwertner, the proposed Senate Bill 21 would allow the state ...
A massive £5 billion worth of cryptocurrency seized from criminals may help address the UK’s public finance gap of £22 billion. This digital currency was confiscated during an investigation into Jian Wen, who was convicted for her role in laundering money from a £7 billion fraud scheme. The funds, once valued at £1.4 billion in ...
As President-elect Donald Trump takes office, there are expectations for increased acceptance of cryptocurrency, particularly bitcoin, in state governments. Advocates argue that bitcoin could serve as a hedge against inflation and that government involvement could stabilize its price. However, critics warn about the speculative nature of crypto investments, highlighting the risks of potential loss. While ...
