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Colorado to Accept Crypto for Tax Payments by End of Summer
Gov. Jared Polis outlined the plans during an appearance on CoinDesk TV.
By Brandy Betz
Updated Mar 17, 2023, 8:01 p.m. Published Feb 16, 2022, 3:43 p.m.
Colorado will start accepting cryptocurrencies for tax and other payments to the state by the end of the summer, Gov. Jared Polis said during a CoinDesk TV appearance on Wednesday. The state is currently hosting the 2022 ETHDenver conference.
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- “For consumer convenience, we want to accept payment in a wide variety of cryptocurrencies, just as we do in credit cards,” said Polis.
- The governor said Colorado is currently looking for companies to handle the actual crypto transactions.
- “We don’t want to take the speculative risk of holding crypto, so we will be having a transactional layer there,” said Polis.
- Polis first outlined his hope to accept crypto for taxes at Consensus 2021, adding to his long history of being pro-crypto. As a Colorado congressman in 2014, Polis was one of the first U.S. politicians to accept campaign donations in bitcoin.
- Colorado wouldn’t be the first state to accept taxes via digital assets, but pilot programs in Ohio and Seminole County, Florida, were ultimately unsuccessful and scrapped.
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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