Early Rush to Submit Cryptocurrency Legislation for 2024 - March 21, 2024

Early Rush to Submit Cryptocurrency Legislation for 2024

Thursday, March 21, 2024

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Company: ATM Industry Association

More than 700 alerts have already been received for 352 2024 bill introductions. Two-thirds are related to cryptocurrency or digital assets – even more than in 2023. So far, only 8 states have not introduced any such legislation. New York, Minnesota and Oklahoma lead the pack with !8, 16 and 13 bills, respectively. Any ATMIA member organizations that are actively involved in the cryptocurrency industry are welcome to join the ATM Cryptocurrency Deployers Advocacy Group.

Bills to require acceptance of cash for all in-person retail transactions have been introduced in 13 states this year. And bills introduced last year in 7 states are still active and eligible for further action. A number of other states are making minor changes to existing statutes.  The interactive ‘Cashless Ban’d Wagon’ map can be found on the U.S. Region home page, with links to current status and bill language.

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