The senator from Minnesota, USA proposed a Bitcoin bill after transitioning from skeptic to supporter

Minnesota Senator Jeremy Miller has proposed the "Minnesota Bitcoin Bill," which he drafted after completely changing his stance on Bitcoin.

In a statement on March 18, Miller said: "With more research into cryptocurrencies and feedback from an increasing number of voters, I have gone from being highly skeptical to gradually understanding, and then believing in Bitcoin and other cryptocurrencies."

Miller stated that the bill aims to promote prosperity in Minnesota by allowing the Minnesota Investment Committee to invest state assets in Bitcoin and other cryptocurrencies just like traditional assets.

According to Miller's bill, Minnesota employees will be able to add Bitcoin and other cryptocurrencies to their retirement accounts. The bill will also allow residents to pay state taxes and fees with bitcoin. Colorado and Utah have already accepted cryptocurrency for tax payments, while Louisiana allows it for state services. The investment income of Bitcoin and other cryptocurrencies will also be exempted from state income tax.