Hold your horses, folks! New York, the land of skyscrapers and pizza slices, might just be stepping into the world of the future. Imagine paying your state fees not with cash, but with your trusty Bitcoin or Ethereum. That’s right, Assemblyman Clyde Vanel has proposed a bill, Assembly Bill A7788, that could let the Empire State embrace cryptocurrency for all things state-related. Talk about a plot twist! 🤑
Which Cryptos Are Included?
So, what does this mean for you, dear reader? If the bill passes (fingers crossed 🤞), you could pay everything from taxes to fines to rent using Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and even Bitcoin Cash (BCH). Finally, New Yorkers might get more ways to deal with their state bills—besides the usual grumbling.
But wait, before you start sending your entire crypto wallet to Albany, know that the state will make sure they cover their bases. They’ll tack on a “service fee”—but don’t worry, it can’t be more than the actual cost of processing the payment. So no, they can’t just go full “fee-tastic.” Expect the usual blockchain fees and other techie costs to apply. 😅
Hold on! This isn’t the first crypto-related bill in New York. Last month, they also proposed Bill A06515 to tackle crypto scams (those annoying rug pulls). It’s clear that New York’s lawmakers aren’t just dabbling in crypto—they’re serious about it. Maybe we’ll get a crypto ATM in every bodega soon? 🤷♂️
On the national stage, we can’t ignore the elephant in the room—President Donald Trump. His return in January has definitely made waves for crypto, with promises to support blockchain innovation and integrate crypto into the U.S. economy. So, yeah, states like New York are seriously taking notes on this digital gold rush.
As of now, Assembly Bill A7788 is still under review by the Assembly Committee. If it gets the green light from the Senate, New York could become the first state to officially accept cryptocurrency for government payments. Who knows? Maybe next time you’ll pay your taxes with a few BTC and a wink. 😎
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2025-04-11 20:07