Colorado Governor Jared Polis said he hopes to see Colorado become the first state in the country to accept bitcoin for state tax payments.
During his participation in the virtual conference Consensus 2021, which began last Monday, May 24 and was organized by CoinDesk, the governor of Colorado, Jared Polis, said which hopes to see Colorado become the first US state to allow its citizens to use bitcoin to pay taxes.
Polis is one of the most recognized American politicians in the crypto industry, mainly because he was the first to accept donations in bitcoin (BTC) under guidelines set by the Federal Election Commission (FEC). The BTC donations were used to boost his congressional campaign in 2014. At that time, Polis launched a commission-authorized web portal to receive donations from his supporters in this election. cryptocurrency.
During his years as a congressman, Polis also participated in numerous debates as an advocate for cryptocurrencies and Bitcoin. In 2014, he responded to a letter from Senator joe manchin criticizing cryptocurrencies. Polis replaced mentions of “Bitcoin” in Manchin’s letter with “US dollars,” in a clear act of sarcasm to highlight that fiat currency, especially its high-denomination bills, also allows its users to engage in financial crimes and other illicit activities.
Now, as governor of Colorado, the politician aspires to make his state the first to accept bitcoins and other cryptocurrencies for the payment of state taxes. During his participation in the conference, Jared Polis stated that he “I would love to be the first state to allow (its citizens) to pay their taxes in a variety of cryptocurrencies”.
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Colorado, Crypto and Blockchain Innovation Hub
In addition to paying taxes in bitcoin, Jared Polis assured that Colorado will become a complete center of innovation and development for cryptocurrencies and technology. Blockchain, a reference in the United States and the world.
As a hub for crypto and blockchain innovation, Colorado will attract investors from all over, creating good jobs and enabling the development of complex and innovative infrastructure that ensures digital identity and the security of individual data, both in the public and private sectors, he said.
Colorado’s governor believes that the rise and adoption of cryptocurrencies in recent years has driven the creation of more digital platforms and infrastructures that offer support for crypto assets, making his plans to turn the state into an innovation hub, and the first in the country to accept its taxes in cryptocurrencies, more “plausible” now.
US rulers at the forefront of the crypto industry
In the United States, many leaders have already spoken out in favor of cryptocurrencies and digital assets. From mayors, governors and congressmen, the crypto community has seen several American leaders emerge as great defenders of cryptocurrencies.
En Wyoming, one of the most pro-crypto states in the country today, its governor Mark gordon approved recently a law to give legal status to the Decentralized Autonomous Organizations (DAO). Nebraska turned into law a project presented by the senator Mike Flood, which allows banks and financial institutions to provide financial and custody services with cryptocurrencies and digital assets. Arizona e Illinois were considering the adoption of cryptocurrencies for tax payments.
Likewise, cities like Miami, Jackson y Williston are promoting the benefits of cryptocurrencies and are welcoming this new class of assets as an investment and as a means of payment. The mayors of these cities have also presented their proposals to implement bitcoin in the payment of municipal taxes.
Wyoming Governor Mark Gordon and Miami Mayor Francis Suarez recently declared themselves bitcoin investors.
Continue reading: Jackson County explores Bitcoin as a means of payment and investment
