Louisiana Considers Adopting Cryptocurrency
Louisiana Could Be a Pioneer of Cryptocurrency Adoption in the US
According to a report by The Daily Advertiser, a regional newspaper in Lafayette, Louisiana, the 25th most populous US state is in the process of establishing a cryptocurrency adoption committee.
Louisiana could start accepting payments in cryptocurrencies.
State Representative Mark Wright has filed a resolution to establish the commission. After it is approved by the House Appropriations Committee, it must go through the full house before going to the Louisiana State Senate.
Wright also introduced a bill that would allow politicians to accept campaign contributions in cryptocurrencies.
The Republican legislator argues that his state could become a pioneer in the crypto space.
As reported by U.Today, the US recently increased its share of the global Bitcoin mining hashrate. The country is also home to the majority of the top cryptocurrency companies, including Coinbase, Grayscale, and Ripple.
While red states like Texas have been more open to embracing cryptocurrencies, some blue ones are already used to the new technology.
Colorado Democratic Governor Jared Polis announced that his state would become the first in the country to allow customers to pay in cryptocurrencies.
Earlier this month, California Governor Gavin Newsom signed a cryptocurrency executive order regulating the cryptocurrency industry.