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The initiative also includes other cryptoactives: Ether, Litecoin and Bitcoin Cash.
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The project is in review by the Government Operations Committee of the NY Assembly.
A bill presented at the New York State Assembly proposes that the public agencies of that US state can accept payments in cryptoactive, including Bitcoin (BTC), for public services such as taxes, fines and fees.
The initiative, known as bill A7788, seeks to modernize the financial systems of New York, reflecting a growing interest in integrating digital assets into government operations.
A proposal to integrate cryptocurrencies into the state system
The bill A7788, introduced on April 10, 2025 by the assemblyman Clyde Vanel, intends to amend the State Finance Law to authorize public agencies to accept cryptocurrencies as a means of payment. According to the legislative text, the digital currencies contemplated include bitcoin, ethereum (ETH), litecoin (LTC) the bitcoin cash (BCH).
These cryptoactives could be used to settle a wide range of financial obligationsfrom fines and civil penalties to taxes, income, fees, positions, income and other amounts owed to the State, including interest and special evaluations.
The proposal does not force agencies to adopt cryptocurrencies, but gives them the power to do so through agreements with cryptocurrency emitters or payment service providers.
These agreements, in turn, would define the terms and means under which transactions would be processed, ensuring that payments are final and unconditional. In addition, the project contemplates the possibility that The state charges a service rate to cover the costs associated with cryptocurrency transactions, such as those related to processing platforms or third parties.
The path to approval
The A7788 bill is currently in review by the Committee of Government Operations of the Assembly. If you advance, it will be considered by the state Senate, where you could face debates about its technical, economic and regulatory viability.
A challenge of this possible implementation will be the need to educate both state employees and citizens on the use of cryptocurrencies. Although Bitcoin and other networks have gained popularity, its adoption remains limited compared to traditional payment methods. Agencies should implement intuitive and accessible systems to avoid confusion or errors in payments.
Additionally, New York has taken recent measures to address fraud in the cryptocurrency sector, such as the introduction of bill A06515 in March 2025, which seeks to establish criminal sanctions to protect investors.
On the other hand, of the 50 states that make up the US, there are already 20 who introduced bills to create strategic bitcoin reserves in their treasury. In that sense, New York is one of those that so far has remained outside that initiative that would allow it to accumulate more BTC in its coffers, although this legislative proposal can be a way to accumulate BTC.