Many sources, including /r/bitcoin here, are reporting this same news as the bill having passed the California state legislature.
That’s not correct. EDIT: UPDATE: The original post was incorrect. Here’s a link to the source information stating that the Bill passed the Assembly 75-0 on January 29th. It’s just old news.
Pretty awesome news, even once it’s just a committee passage. The unanimous committee vote makes me very optimistic about its chances to pass through the legislature.
I’m very positive about this news, so I’m happy to be in my current long position. I think news like this is eliminating the one thing many still consider a real dark possibility for Bitcoin and similar cryptocurrencies: governmental hostility.
The aide or researcher who wrote the analysis also seems to have a clever sense of humor. Outtakes:
Recently, a new digital currency attempted to emerge, known as COINYE (Originally called COINYE West) which was modeled after Bitcoin and implied a connection to rapper Kanye West via a cartoon picture of Kanye West as the currency’s logo. A lawsuit filed in a Manhattan federal court sought to stop COINYE on the grounds that it used the rapper’s image to cash in on his popularity without his consent, damaging his reputation and confusing consumers about the source of the cryptocurrency.
Facing legal action, creators of COINY[E] have ended the project and COINYE is now Lost in the World, but may have been nothing more than a Dark Fantasy.
Clever little guy. Also funny to see Dogecoin in a serious publication from a legislature. This is real life, right?