California Assembly Passes Bitcoin Payment Bill in Unanimous Vote

Bitcoin

California Assembly Passes Bitcoin Payment Bill in Unanimous Vote

California has taken a major step toward embracing digital finance. The State Assembly passed AB 1180 in a unanimous 68–0 vote, clearing the path for government agencies to accept Bitcoin and other digital currencies as payment for fees.

Assemblymember Avelino Valencia, who presented the bill, described it as a “first-of-its-kind” initiative. Speaking on the Assembly floor, he stated:

“I proudly rise to present AB 1180 that would establish a pilot program authorizing the Department of Financial Protection and Innovation to allow for the payment of fees using digital financial assets.

This would be a first of its kind. Very excited about this. Having gone to school at San Jose State during the time that this technology was being created, I firmly believe this will be fully integrated into our society in the near future.”

The bill now advances to the State Senate. If implemented, California would join a growing list of jurisdictions exploring blockchain integration for public financial infrastructure.

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Kosta Gushterov

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Source: https://coindoo.com/california-assembly-passes-bitcoin-payment-bill-in-unanimous-vote/