The California state assembly passed the AB 1180 bill, permitting the use of digital financial assets for paying state fees. This move may be a significant step towards the adoption of blockchain technologies in public financial infrastructure.
Bill Overview
The AB 1180 bill, presented as a new initiative in the California Assembly, allows the Department of Financial Protection and Innovation to accept payments in digital assets. This would represent a significant step in applying digital currencies in official governmental procedures.
Assemblymember's Opinion
Assemblymember Avelino Valencia, who presented the bill, described it as a 'first-of-its-kind' initiative and expressed enthusiasm by stating: *“I proudly rise to present AB 1180 that would establish a pilot program authorizing the Department of Financial Protection and Innovation to allow for the payment of fees using digital financial assets.”*
Future of Blockchain Integration
The bill now advances to the State Senate. If implemented, California would join a growing list of jurisdictions exploring blockchain integration for public financial infrastructure.
The passing of AB 1180 in California emphasizes the growing interest in digital assets within governmental operations, which could lead to broader adoption of blockchain technologies in the future.
