{"id":2528,"date":"2022-04-29T00:35:59","date_gmt":"2022-04-29T00:35:59","guid":{"rendered":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/?p=2528"},"modified":"2022-04-29T00:35:59","modified_gmt":"2022-04-29T00:35:59","slug":"state-legislation-crypto-as-legal-tender","status":"publish","type":"post","link":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/state-legislation-crypto-as-legal-tender\/","title":{"rendered":"State Legislation: Crypto as Legal Tender"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">What is happening? California is considering \u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/leginfo.legislature.ca.gov\/faces\/billNavClient.xhtml?bill_id=202120220SB1275\" target=\"_blank\">Senate Bill 1275<\/a> that would make cryptocurrency tender for purchasing state and local government services- like taxes or vehicle registration. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Why is this important? California State Controller Betty Yee has indicated concerns about consistent financial reporting with cryptocurrency. An economist at  Loyola Marymount University said, \u201cI think it is too early, too premature, it is too risky, too volatile.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">How will this be important? California will be a bell weather state for state cryptocurrency legislation. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sacramento Bee | <a href=\"https:\/\/www.sacbee.com\/news\/politics-government\/capitol-alert\/article260524612.html#storylink=cpy\">Could you pay your taxes in Bitcoin? California lawmakers weigh cryptocurrency bills<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is happening? California is considering \u00a0Senate Bill 1275 that would make cryptocurrency tender for purchasing state and local government services- like taxes or vehicle registration. Why is this important? California State Controller Betty Yee has indicated concerns about consistent financial reporting with cryptocurrency. An economist at Loyola Marymount University said, \u201cI think it is [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2528","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"_links":{"self":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts\/2528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/comments?post=2528"}],"version-history":[{"count":1,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts\/2528\/revisions"}],"predecessor-version":[{"id":2529,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts\/2528\/revisions\/2529"}],"wp:attachment":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/media?parent=2528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/categories?post=2528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/tags?post=2528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}