Published: 08.04.2022
Article reading time:
2 minutes.
Colorado Gov. Jared Polis has revealed that he will be accepting crypto-currency contributions to advance his political campaign to make the state a hub of blockchain and innovation.
Back in February, Jared Polis said that soon the inhabitants of the state will be able to pay taxes, state fees or obtain licenses with cryptocurrencies. He recently confirmed his friendliness towards crypto assets, calling them an economical and convenient way to make payments. Polis intends to run for governor this fall and is accepting crypto-currency contributions to implement his proposals.
Contributions will be accepted in BTC, ETH, DOGE and SHIB through the cryptocurrency payment operator BitPay. Note that in accordance with the laws of the state of Colorado on campaign finance, donations in cryptocurrencies should not exceed $100.
The policy does not plan to store the received crypto assets – due to their high volatility, they will be immediately exchanged for US dollars. The governor explained that it is important to be aware of the speculative risks of crypto assets, and not mindlessly store them to implement the intended tasks. However, this initiative alone will be an important step in promoting digital assets among the population.
“My administration is committed to making Colorado the hub of crypto and blockchain innovation for years to come. Donations in digital assets do not demonstrate the full potential of these critical technologies. But I hope that this will spark the interest of the people of Colorado in crypto-assets,” Polis said.
Last year, Colorado officials expressed their willingness to explore blockchain and other emerging technologies for state water management and record keeping. Additionally, in 2019, the state signed into law SB19-023, the Digital Token Act, which may make certain digital assets exempt from the Securities Act.
Source: Bits
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
