Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Today in crypto, a New York lawmaker has introduced legislation that would allow state agencies to accept cryptocurrency payments, US President Donald Trump signed a repeal of the Internal Revenue Service’s DeFi broker rule, and the US Securities and Exchange Commission dropped its suit against the Helium network.

Assembly Bill A7788, introduced by Assemblyman Clyde Vanel, seeks to amend state financial law to allow New York state agencies to accept cryptocurrencies as a form of payment.

It would permit state agencies to accept payments in Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH), according to the bill’s text.

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