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Arizona Senator Launches Bill to Make Bitcoin Legal Tender – Regulation Bitcoin News
A senator in the US state of Arizona has introduced a set of cryptocurrency bills, one of which seeks to make bitcoin legal tender. “Centralized digital money controlled by 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 on Tuesday. The bills are sponsored by her state Senate Republican colleagues Jeff Weninger and JD Mesnard.
One of the bills proposes to make bitcoin legal tender. The legislation defines 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 which operates independently of a central bank.”
Another bill proposes to allow government agencies to enter into an agreement with a cryptocurrency issuer to provide a method of accepting cryptocurrency as a payment method for fines, civil 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.”
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 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 US dollar. Since then, the country, led by pro-bitcoin president Nayib Bukele, has bought thousands of BTC for the treasury. Last November, Bukele announced that El Salvador is buying bitcoin every day.
Do you think bitcoin will become legal tender in the US? Let us know in the comments section below.
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