New York State plans to legislate: State government agencies may accept payments for cryptocurrencies such as Bitcoin New York State Councilor Clyde Vanel recently proposed a breakthrough bill (A7788) that plans to allow state government agencies to accept cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) as payment methods. According to the bill, these digital assets can be used to pay various government fees such as fines, taxes, rents, etc., and the state government also has the right to charge additional handling fees to cover online transaction costs. The bill has now entered the deliberation stage of the parliamentary committee, and if passed, it will rewrite the New York State fiscal law.  It is worth noting that this is the second encryption-related legislation proposed by Vanel in a week. On April 8, he just submitted another bill (A7716) requiring the study of the application of blockchain technology in election security. These two moves highlight the surge in interest in crypto technology in the U.S. local governments. At the same time, since Trump took office in January, more than 30 states across the United States have been advancing the establishment of Bitcoin reserve bills, and federal agencies such as the SEC have also successively revoked lawsuits against Ripple and Coinbase, turning to a more friendly regulatory policy and legal framework. Once passed, the bill will have a profound impact on the cryptocurrency market, including expanding the scope of application, promoting standardization, and providing a demonstration effect for national legislation, which is also expected to fundamentally change the financial status of cryptocurrencies in the United States. However, the bill also faces difficulties such as price fluctuations risks, environmental policy conflicts and accounting system adaptation. Therefore, the core of the bill is how to balance innovation and risks and ensure that change moves forward steadily. Conclusion: From Trump's proposal of the national Bitcoin reserve concept to New York State's promotion of the crypto payment bill, the United States is advancing a "bottom-up" crypto compliance change. However, whether change can cope with key issues such as volatility and scalability is still attracting public attention. In short, although the road to change is full of challenges, every step is moving towards a more mature and stable financial future. Do you think the crypto payment bill in New York State is likely to pass? What are the advantages and disadvantages of legalizing cryptocurrency payments? See you in the comment area! #New York Crypto Act #Government Cryptocurrency Payment #Bitcoin Tax Payment #Blockchain Government Affairs