California Lawmaker Introduced Bill For Crypto Payments Acceptance

It’s been just revealed that there’s an important move taking place that is supporting the mass adoption of cryptos in the US. Check out the latest reports below.

As the online publication the Daily Hodl notes, a California lawmaker is introducing a state Senate bill seeking to allow Golden State citizens to pay for government services using crypto assets.

A few days ago, 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.”

It’s also important to note the fact that the bill has yet to pass into law.

Another important issue that is worth mentioning is the fact that this 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. Check out the relevant tweet below.

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

He continued and said: “I can’t share all the details of the process that is about to take place for the sake of its success. I’ll admit it’s a long shot, but we need to stop just seeking incremental gains. Super Bowls aren’t won by the run game alone. We need some deep shots.”

Regarding the price of Bitcoin today, at the moment of writing this article, BTC is trading in the green and the king coin is priced at $38,854.

Earlier today, it’s been just revealed that there is a leading digital asset manager says institutional inflows for Bitcoin (BTC), Solana (SOL), and Avalanche (AVAX) are up. Check out more details in our previous article.