A former state lawmaker in California would like to make Bitcoin (CRYPTO: BTC) legal tender in his state. The news comes after an Arizona state senator introduced a bill to make Bitcoin and crypto free from property taxes in her state.
According to a new report, former Majority Leader of the California State Assembly, and current a Political advisor, Ian C. Calderon tweeted that he is working in a collaboration with Bitcoin expert Dennis Porter to draft the new proposal to make the apex cryptocurrency legal tender.
— Ian C. Calderon (@IanCalderon) February 20, 2022
In 2021, California was ranked in the top position, as the most crypto-ready jurisdiction in the U.S. The state has seen an increasing number of cryptocurrency ATMs and growing interest in digital assets among the state’s citizens.
California is considered a tech powerhouse, with a bustling economy, a center of innovation and education.