A New York assemblyman, Clyde Vanel, has introduced a bill allowing state agencies to accept cryptocurrency for payments like fines and taxes. This legislation, known as Assembly Bill 2025-A7788, aims to amend state finance laws to incorporate digital currencies such as Bitcoin, Ethereum, and Litecoin as valid payment options. If approved, New Yorkers could pay ...
Lawmakers in Minnesota and Alabama have proposed bills that would allow their states to invest in Bitcoin. In Minnesota, the Bitcoin Act aims to let the state’s investment board buy Bitcoin and other cryptocurrencies, while allowing state employees to include crypto in their retirement accounts. It also proposes tax exemptions on crypto gains and the ...
Timmons Roberts, a Brown University professor, recently shared his experience of being scammed out of $2,200 through a cryptocurrency scheme that involved misleading calls and CoinStar machines. During a state hearing about regulating the cryptocurrency industry, he urged lawmakers to educate the public about such scams, as many educated individuals also fall victim but feel ...
Utah’s Bitcoin bill, HB230, has passed the state Senate but lost its key feature that would have made it the first state with its own Bitcoin reserve. The new version grants citizens basic protection for digital assets, allowing them to mine Bitcoin, run nodes, and participate in staking. The bill passed with a 19-7-3 vote ...
Montana’s House recently rejected a bill that aimed to classify Bitcoin as a state reserve asset. The vote on February 22 was 41-59, with many lawmakers, including Republicans, expressing concerns about the risks of investing taxpayer money in volatile assets like cryptocurrencies. While some representatives argued that the bill could increase returns for taxpayers, others ...
The United States is considering adopting a Bitcoin reserve as individual states increasingly embrace cryptocurrency. Matthew Sigel, Chief of Digital Assets Research at VanEck, emphasizes that this strategy could enhance U.S. economic dominance by positioning it as a leader in innovation and technology. Sigel believes that a Bitcoin reserve would not only act as a ...
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 ...
As President-elect Donald Trump prepares to take office, a wave of interest in cryptocurrency, particularly Bitcoin, is anticipated across U.S. states. Supporters argue that Bitcoin is a hedge against inflation, while critics warn about its speculative nature. Public pension funds have been cautious, with few investing in cryptocurrencies due to their volatile nature and the ...
