The New York State Legislature introduced Assembly Bill 7024 authorizing stablecoins as a valid form of bail. The bill followed General Attorney Letitia James’ proposal for crypto regulations. The authority promotes the establishment of digital assets, integrating them into the traditional financial system New York has proposed the authorization of fiat-backed stablecoins, facilitating the acceptance The post NY Authorizes Stablecoins as a Form of Bail: Assembly Bill 7024 appeared first on Coin Edition .
