Senator Sydney Kamlager of California’s 30th Senate District, which covers portions of downtown Los Angeles, has presented a law that would change the state’s system to allow the acceptance of crypto for certain types of payments.
Kamlager suggested permitting a state agency to accept crypto as a mode of payment for the provision of public services in Senate Bill 1275, which was submitted in the California Legislature on February 18.
The addition of crypto to the list of permitted payment methods would require changes to existing state law, which enables the formation of state entities to provide services to people that require payment.
Many candidates running for office in California in 2022 appear to be concerned about cryptocurrency and blockchain technology adoption. In her campaign to unseat anti-crypto legislator Brad Sherman, Aarika Rhodes, an elementary school teacher running for the state’s 30th Congressional District in the United States House of Representatives, is taking Bitcoin (BTC) and other tokens for campaign funding.
Different proposed crypto bills
The crypto bill is the latest attempt by state legislators to address any legislative confusion surrounding digital assets. Colorado Governor Jared Polis indicated last week that the state intends to accept cryptocurrency tax payments by summer 2022. In addition, as TheCoinRise reported earlier this month, a Tennessee state legislator submitted a bill that would allow the state to invest in crypto and non-fungible tokens (NFTs).
Though Republican lawmakers have led the charge for state-level cryptocurrency regulation, Kamlager and others proposing similar legislation — as well as federal attempts — appear to show that the field is available to all political groups. On the other hand, CFTC Ex-Chairman J. Christopher Giancarlo said that only CFTC should regulate crypto, not other agencies.
In January, Patrick McHenry, a Republican from North Carolina in the United States House of Representatives, called for “broad, bipartisan consensus” on concerns that could influence the digital asset industry.
