Louisiana lawmakers are forward-thinking and getting in on the hottest trendBitcoin photo by Tima Miroshnichenko from PexelsThe Louisiana GOP-controlled House adopted a digital currency resolution praising Bitcoin and encouraged the state and local government to use the cryptocurrency. The resolution was passed by the House on Wednesday and signed by Speaker Clay Schexnayder (R) on Thursday.Speaker Schexnayder (R) formally commended Bitcoin “for its success in becoming the first decentralized trillion dollar asset” and pushes for “state and local governments to consider ways that could help them benefit from the increased use of this new technology.”Lawmakers were very favorable on digital currency.Louisiana representatives said Bitcoin “could potentially replace gold as a monetary reserve.” They added that Bitcoin could be “a critical tool for citizens around the world to protect themselves from currency debasement.”The House also praised Satoshi Nakamota, “for his contribution to economic security.”Louisiana’s document stated, “To commend Bitcoin for its success in becoming the first decentralized trillion-dollar asset and to encourage the state and local governments to consider ways that could help them benefit from the increased use of this new technology.”Louisiana State Representative Mark Wright (R-77), passed HB701 through the State House of Representatives with unanimous approval. The Bill is currently going to the Senate Committee on Commerce, Consumer Protection and International Affairs.Cryptocurrency screenshot from Twitter by writerA week ago, Coinbase was listed on the NY stock exchange as the first cryptocurrency exchange. This helps solidify the future of cryptocurrencies. Getting listed on the stock exchange has to pass several legal hurdles.After news was released about President Biden taxing millionaires on their investments, this caused the price of Bitcoin to drop. Bitcoin and other cryptocurrencies plunged by concerns on the tax as Bitcoin fell by about 7.3 percent at $49,730 by midday.In August 2020, Louisiana passed the Virtual Currency…