• A new measure has been proposed in the New York State Senate to allow the use of certain cryptocurrencies as a legitimate means of payment for state entities.
• The bill was proposed by Democrat Assembly member Clyde Vanel and would allow for the acceptance of cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
• Senator Wendy Rogers of Arizona has also proposed a measure that would legalize Bitcoin and other cryptocurrencies statewide to facilitate people’s ability to pay taxes, rent, and penalties in cryptocurrency.

The New York State Senate has proposed a new measure that would allow the use of certain cryptocurrencies as a legitimate means of payment for state entities. The bill was proposed by Democrat Assembly member Clyde Vanel, who has a reputation as a crypto-friendly politician. Under this proposed legislation, state agencies would be free to sign agreements with people to offer acceptance of cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.

The goal of this proposed measure is to help facilitate the use of crypto payments in state entities. If passed, it would mean that state-issued fines, taxes, and other levies could be paid for in cryptocurrency. Cryptocurrency is defined as any kind of digital money in which encryption methods are employed to govern the production of units of currency and verify the movement of funds, functioning autonomously from a central bank.

In addition to this proposed measure in New York, Senator Wendy Rogers of Arizona has also proposed a measure that would legalize Bitcoin and other cryptocurrencies statewide. This measure would enable people to pay taxes, rent, and penalties in cryptocurrency. This would be beneficial for those who are looking for easier and more secure ways to make payments.

If this proposed measure in New York is passed, it would be a massive boost for the cryptocurrency sector. It would be a positive step forward in terms of increasing the use of cryptocurrency and helping people to understand the benefits of using digital money. It could also open up the possibility of more states around the country accepting cryptocurrency as a legitimate form of payment.