California state seeks to implement cryptocurrency as a remedy to combat President Donald Trump’s tax reforms

Monday, February 5, 2018

The state of California in the United States is considering launching an initial coin offering (ICO) to reduce its dependence on federal funding. The report comes from Business Insider as a response to the Trump administration’s recent tax cuts.

The city of Berkeley aims to raise funding for a number of projects that include affordable social housing tackling and supporting the growing homeless population.

Someday, homeless people might receive tokens to buy goods and services from local businesses that accept the currency, according to city leaders.