Lafayette Mayor-President Proposes Government-Backed Crypto and ICO

The mayor-president of the Louisiana metropolis of Lafayette, Joel Robideaux, has proposed an daring plan that may see the city develop a government-issued cryptocurrency. Mr. Robideaux urged the launching the cryptocurrency by the use of an preliminary coin offering (ICO).

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Lafayette Mayor Advocates Authorities-Issued Cryptocurrency

Louisiana Mayor Proposes Government-Backed Crypto and ICOThe federal authorities of a metropolis in Louisiana has advocated the occasion of a state-issued cryptocurrency. The Lafayette mayor-president launched the daring proposal all through his annual deal with on the Heymann Center.

Mr. Robideaux articulated a number of benefits that cryptocurrency may reap for the city, along with positioning Lafayette as a technological hub, diversifying the native monetary system, and streamlining the provision and financing of presidency suppliers. Mr. Robideaux acknowledged state-issued cryptocurrency would facilitate the “develop[ing] choices concentrating on…

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