According to Golden Finance, U.S. Senator Jeremy Miller of Minnesota proposed the Minnesota Bitcoin Act, which was drafted after he completely changed his stance on Bitcoin. "As I have more research on cryptocurrencies and more voter feedback, I have gone from being highly skeptical to gradually understanding, to believing in Bitcoin and other cryptocurrencies," Miller said in a statement on March 18. Miller said the bill aims to "promote the prosperity of Minnesota" by allowing the Minnesota Investment Commission to invest state assets in Bitcoin and other cryptocurrencies just like investing in traditional assets. Under Miller's bill, Minnesota employees will be able to add bitcoin and other cryptocurrencies to their retirement accounts. The bill will also allow residents to pay state taxes and fees in Bitcoin. Colorado and Utah have accepted cryptocurrencies for tax payments, while Louisiana allows it to be used for state services. Investment gains from Bitcoin and other cryptocurrencies will also be exempt from state income tax.