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  • Bitcoins Attempt

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    Nick Diprima
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    This document proposes a bill to establish bitcoins as a legitimate currency in the United States. It recognizes bitcoins as a legitimate currency that can be exchanged for USD at banks and encourages their acceptance at US shops and stores to co-exist with the USD. It defines a legitimate currency and assigns the US Treasury Department to implement the bill at the start of the 2014-2015 fiscal year, nullifying any conflicting laws.

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    This document proposes a bill to establish bitcoins as a legitimate currency in the United States. It recognizes bitcoins as a legitimate currency that can be exchanged for USD at banks and encourages their acceptance at US shops and stores to co-exist with the USD. It defines a legitimate currency and assigns the US Treasury Department to implement the bill at the start of the 2014-2015 fiscal year, nullifying any conflicting laws.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    5 views1 page

    Bitcoins Attempt

    Uploaded by

    Nick Diprima
    This document proposes a bill to establish bitcoins as a legitimate currency in the United States. It recognizes bitcoins as a legitimate currency that can be exchanged for USD at banks and encourages their acceptance at US shops and stores to co-exist with the USD. It defines a legitimate currency and assigns the US Treasury Department to implement the bill at the start of the 2014-2015 fiscal year, nullifying any conflicting laws.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    of 1

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    BE IT ENACTED BY THE CONGRESS HERE ASSEMBLED THAT: SECTION 1.

    A Bill to Establish Bitcoins As A Legitimate Currency


    Bitcoins are hereby recognized as a legitimate currency by the United States, may be exchanged at banks for USD, and shall be encouraged to be accepted at United States shops, and stores, co-existing to the USD.

    SECTION 2.

    A legitimate currency shall be defined as any currency that is recognized as a form of trading, of a certain type of commodity, such as dollar bills, or coins.

    SECTION 3.

    This Bill will be implemented by The United States Department of the Treasury

    SECTION 4.

    This legislation will be implemented at the beginning of the 2014-2015 fiscal year.

    SECTION 5.

    All laws in conflict with this legislation are hereby declared null and void.

    Introduced for Congressional Debate by Nicholas Diprima of Nova high school

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