A New York lawmaker has proposed a bill to allow state agencies to accept payments in cryptocurrencies, highlighting growing political support for incorporating digital assets into public services.
Assemblyman Clyde Vanel introduced bill A7788, which aims to amend state finance law to allow New York state agencies to accept cryptocurrencies as a form of payment.
The bill specifies the acceptance of Bitcoin, Ether, Litecoin and Bitcoin Cash.
According to the bill, state offices could authorize crypto payments for "fines, civil penalties, rent, rates, taxes, fees, charges, revenue, financial obligations or other amounts," including penalties, special assessments, and interest.