'6 Most Crypto-Friendly States in America' by MichaelBrooksPR decentralizedinternet decentralizedfinance
Did you ever think about which states are the most crypto-friendly and how this can lead to consumer-driven innovation and financial independence? Or have you wondered whether Texas or any other state that might embrace the financial freedom of not being beholden to one single issuer of money could consider leaving the union and creating its own currency? I’ll explore these issues about the decentralization of money and identify some of the states that appear to be ahead of the crypto curve.
Inflation is at a 40-year high, and despite the ups and downs of crypto, it gives people more options for financial freedom. There’s a big crypto battle underway among the states to get their share of the crypto pie, so get ready for the fight!Now that I’ve got your attention, despite myths to the contrary, Texas can’t secede from the Union. However, it does have some options that aren’t available to other states.
. While the idea of a Texas “Brexit” is an interesting concept to ponder, I’d like to instead focus on these other “fun facts” about crypto:Local or state currency can complement the national currency and this encourages spending within a local economy. However, unlike fiat money , crypto may not be backed by the federal government. The US government can demand that taxes are paid in fiat money, which reinforces the credibility of fiat currency.
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