Niraj Antani, a Senator in Ohio, has introduced a Bill that, if passed, would legalize crypto payments in the State. The Bill was introduced on September 30 and comes at a time when conversations around cryptocurrency are optimal. With a few months to the Presidential election, it remains unknown how State lawmakers will approach this new Bill and proposal.
Crypto Payments, Litmus Test for Crypto Adoption
In his update on X, Senator Antani said he believes crypto is vital in the future. The bill will show local taxes and fees paid in “Bitcoin and others.”
Crypto payments are considered a major litmus test for digital currency adoption in the country. This subject is considered important many thought the last Presidential election between Donald Trump and Kamala Harris would involve crypto. Despite shunning the subject, both Candidates are doing what they can to woo crypto voters.
Beyond elections and the individual motives of the candidates, many industry leaders believe the United States is lagging in innovation. If passed, this Bill from Sen Antani will restore the original plan of an executive move from State Treasurer Josh Mandel that approved crypto for tax payments in 2018.
After the 2018 landmark move, the State Board of Deposits have failed to ratify this move, necessitating the move from Niraj Antani.
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Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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