New York Introduces Bill to Accept Stablecoins as Payment for Bail

One American state has introduced legislation that will undoubtedly impact hte digital asset landscape. Specifically, New York has introduced a bill that would accept stablecoins as a form of payment for bail.

Assembly Bill number 7024 would amend the current criminal procedure law to now include the digital asset class. Moreover, the legislation states its intention not to authorize “fiat-collateralized stablecoins as a form of bail,” within the state.


Thanks for update info

1 Like

What about adding a “NEWS SECTION” for such posts?