New New York Bill Proposes Legalizing Bitcoin and Cryptocurrency for Government Payments

A new New York bill proposes to allow government agencies to process payments in Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. The move signals growing political support for digital assets in government services.

⚖️ Bill Details - House Bill A7788

The bill, introduced by Conference Member Clyde Vanel, seeks to amend state finance laws to allow New York government agencies to accept crypto payments for:

🟡Fines, taxes, rent, fees, and other financial services fairly.

🟡Fines, penalties, special charges, and interest payments.

💡 Growing Cryptocurrency Activity in New York

This is the second crypto bill in New York in just over a month. Following the introduction of A06515 in March, which focused on cryptocurrency fraud and protection against slowdowns.

🇺🇸 Cryptocurrency legislation in the US

Since Donald Trump became president, cryptocurrency legislation has received little momentum, with the US positioning itself as a hub for digital innovation.