In the world of cryptocurrency and digital assets, the US has now started stepping fast. In the leadership of President Donald Trump, the Unused York Situation has taken the initiative to accepted the cryptocurrency as Government Payments, taking a bold and modern decision as government payments. The recently introduced bill in Unused York Situation Meeting indicates that the state has started a new revolution in the direction of Virtual Finance.
Bill’s purpose and proposal
Assemblyman Clyde Vennell of Unuses York Situation has introduced “Assembly Bill 2025-A7788” on 10 April 2025, which aims to change the state’s financial policy Cryptocurrency To accept tax, fine, rent and other charges. If this bill is passed, people will be able to pay through cryptocurrency like bitcoin, ethereum, litcoin and bitcoin money.
Condition of service fee on crypto payment
The bill also provision that state agencies can charge a “Service Fee” while accepting crypto payment. This fee will cover the costs related to transaction, which may include Blockchain Charges or Third Party Processing fees. This has tried to protect government agencies from financial loss.
Clyde Vennell’s interest in technology
Clyde Vennell is a strong supporter of technology and innovation. Clyde Vennell Unused York Situation is the banking committee and the chairperson of the web and unused era subcommittee. They have also introduced several tech-friendly bills earlier, such as AI, robotics, blockchain and formation of commissions related to automation. In 2019, on his initiative, New York created the first Crypto Taskforce.
Crypto initiative of other states and cities
Unused York is not the only state that is moving in this direction. Colorado started accepting crypto for tax payments in September 2022. States like Utah and Louisiana are also moving in this direction and accepting crypto for other payment. The city of Detroit (Michigan) is also going to start crypto payment from mid -2025. At the same time, Canada’s Vancouver and Switzerland’s Lugano have also included Crypto in the government system.
Trump’s Crypto Strategy and his impact
President Donald Trump announced the US to create a “Crypto Capital of the World” from the beginning of its tenure and has taken many big steps regarding digital assets. He has recently signed an executive order which ‘Strategic Bitcoin Reserve‘And’ Digital Asset Stockpile ‘has been established. Under this initiative, the Bitcoin seized by the government will be kept in the reserve and other digital assets will also be strategically managed. The direct impact of these initiatives is also visible on the states, where Unused York is the fastest reaction.
Conclusion
New York’s move not only reflects the technological thinking of the state, but also shows how the various states of America have started adopting changes under the digital strategy of Donald Trump. If this bill passes, the unuses will not only call a “tech-savvy” state, but it can also lead the future digital finance system.
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