Arizona Senator Launches Bill to Make Bitcoin Legal Tender – Regulation Bitcoin News


A senator in the U.S. state of Arizona has introduced a set of cryptocurrency bills, one of which seeks to make bitcoin legal tender. “Centralized digital money controlled by the central bankers is slavery. Decentralized bitcoin is freedom,” the lawmaker said.

Arizona Lawmaker Wants to Make Bitcoin Legal Tender

Arizona State Senator Wendy Rogers has introduced several crypto-related bills, including one to make bitcoin legal tender in her state.

“Launched my crypto bills today,” Rogers tweeted Tuesday. The bills are co-sponsored by her state senate Republican colleagues Jeff Weninger and J.D. Mesnard.

One of the bills proposes making bitcoin legal tender. The legislation defines the cryptocurrency as “the decentralized, peer-to-peer digital currency in which a record of transactions is maintained on the bitcoin blockchain and new units of currency are generated by the computational solution of mathematical problems and that operates independently of a central bank.”

Another bill proposes allowing state agencies to enter “into an agreement with a cryptocurrency issuer to provide a method to accept cryptocurrency as a payment method of fines, civil penalties or other penalties, rent, rates, taxes, fees, charges, revenue, financial obligations, and special assessments to pay any amount due to that agency or this state.”

Bills introduced by Arizona Senator Wendy Rogers on Tuesday including several crypto-related bills. Source: Wendy Rogers

Rogers introduced a similar bill to make bitcoin legal tender in Arizona last year but it was quickly shot down. She tweeted last April:

Centralized digital money controlled by the central bankers is slavery. Decentralized bitcoin is freedom.

In September 2021, El Salvador became the first country to adopt bitcoin as legal tender alongside the U.S. dollar. Since then, the country, led by the pro-bitcoin president Nayib Bukele, has purchased thousands of BTC for its treasury. Last November, Bukele announced that El Salvador is buying bitcoin every day.

Tags in this story
Arizona crypto bills, Arizona cryptocurrency bills, Bitcoin, Bitcoin bills, bitcoin legal tender, bitcoin legal tender Arizona, bitcoin legal tender US state, legal tender, Wendy Rogers, Wendy Rogers bitcoin, Wendy Rogers bitcoin legal tender

Do you think bitcoin will become legal tender in the U.S.? Let us know in the comments section below.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.


Source link