New York State Lawmaker Introduces Bill That Would Allow People To Post Bail With Fiat-Backed Stablecoins

A lawmaker in the Empire State just proposed new legislation that could expand the use cases of stablecoins. On May 10th, New York State Democrat Latrice Walker introduced Assembly Bill 7024, which seeks to amend the criminal procedure law to authorize the use of dollar-pegged stablecoins as a form of payment for bail bonds. Accepted The post New York State Lawmaker Introduces Bill That Would Allow People To Post Bail With Fiat-Backed Stablecoins appeared first on The Daily Hodl .