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Colorado Governor Says His Crypto Plan Withstands Market Selloff

  • Polis’s proposal seeks to accept state tax payments in crypto
  • Simply a means of exchange, he tells U.S. governors’ meeting
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Bitcoin's Explosive Rallies and Spectacular Crashes

Colorado Governor Jared Polis said the slide in the crypto market doesn’t undermine his proposal to accept state tax payments in Bitcoin and other virtual currencies.

Speaking at a National Governors Association meeting on Saturday, Polis said that under his plan the state would immediately convert any payments from cryptocurrencies into dollars and wouldn’t hold them for any length of time.