After transitioning from a skeptic to a supporter, a senator from Minnesota has proposed a Bitcoin bill

2025-03-19 11:01:02

Collection

ChainCatcher news, according to Cointelegraph, Minnesota Senator Jeremy Miller has introduced the "Minnesota Bitcoin Bill," which he drafted after a complete shift in his stance on Bitcoin. In a statement on March 18, Miller said, "As I have researched cryptocurrency more and received feedback from an increasing number of voters, I have moved from being highly skeptical to gradually understanding, and then to believing in Bitcoin and other cryptocurrencies."

Miller stated that the bill aims to "promote the prosperity of Minnesota" by allowing the Minnesota Investment Board to invest state assets in Bitcoin and other cryptocurrencies, just like traditional assets.

According to Miller's bill, Minnesota employees will be able to add Bitcoin and other cryptocurrencies to their retirement accounts. The bill will also allow residents to pay state taxes and fees with Bitcoin. Colorado and Utah have already accepted cryptocurrency for tax payments, while Louisiana allows it for state services. Investment gains from Bitcoin and other cryptocurrencies will also be exempt from state income tax.

(Source Link)

Related tags

Bitcoin Bill Minnesota

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.