Although the state accepts cryptocurrencies as a form of payment, the received funds will be converted into US dollars. This method can protect the country from the impact of fluctuations associated with cryptocurrencies. At the same time, such measures also alleviate concerns of some cryptocurrency believers regarding the centralization of Bitcoin. According to Arkham data, the US federal government holds approximately 200,000 BTC. Despite the separation between state and federal governments, concerns about government control over Bitcoin still exist.
Louisiana Embraces Cryptocurrency Payments Citizens Can Settle Fines with BTC and USDC