Ian C. Calderon, member of the California House of Representatives, Bitcoin introduced a bill to make it the legitimate currency in the state.
It Is Alleged That The Draft Bill Is Far From Making Bitcoin A Legitimate Currency
Bitcoin expert Dennis Porter and political consultant Ian C. Calderon have presented a new bill that, in their view, could make Bitcoin the legitimate currency in California. However, there are also those who argue that this is a controversial bill, and according to the claims of Twitter users, the bill is not as Calderon claims.
This step, which will be made to make BTC the legitimate currency after the state of Arizona and the island nation of Tonga, cryptocurrency can change the balance in the race.
California House of Representatives Member Ian C. Calderon said in his tweet:
“Together with Dennis Porter, we are working on making Bitcoin a legitimate currency in the state of California. More to come.”
together, @Dennis_Porter_ and I are working on a bi-partisan effort to legislatively explore #Bitcoin as legal tender in the State of California. More to come. https://t.co/FlcFHRr9B1
— Ian C. Calderon (@IanCalderon) February 20, 2022
Users on Twitter, on the other hand, claimed that when the bill in question was examined, this bill only allowed people to pay their taxes with cryptocurrencies instead of making BTC a legitimate currency.
Such payments can already be made in some US states and are unlikely to have much impact compared to being declared a legitimate currency.
In addition, some people claimed that the move would violate the US constitution. The US constitution forbids states from creating their own currency or accepting legitimate currency other than gold or silver.