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A senator within the U.S. state of Arizona has launched a set of cryptocurrency payments, certainly one of which seeks to make bitcoin authorized tender. “Centralized digital cash managed by the central bankers is slavery. Decentralized bitcoin is freedom,” the lawmaker stated.
Arizona Lawmaker Desires to Make Bitcoin Authorized Tender
Arizona State Senator Wendy Rogers has launched a number of crypto-related payments, together with one to make bitcoin authorized tender in her state.
“Launched my crypto payments in the present day,” Rogers tweeted Tuesday. The payments are co-sponsored by her state senate Republican colleagues Jeff Weninger and J.D. Mesnard.
One of many payments proposes making bitcoin legal tender. The laws defines the cryptocurrency as “the decentralized, peer-to-peer digital foreign money during which a report of transactions is maintained on the bitcoin blockchain and new items of foreign money are generated by the computational answer of mathematical issues and that operates independently of a central financial institution.”
One other invoice proposes permitting state businesses to enter “into an settlement with a cryptocurrency issuer to offer a technique to just accept cryptocurrency as a cost methodology of fines, civil penalties or different penalties, hire, charges, taxes, charges, fees, income, monetary obligations, and particular assessments to pay any quantity as a result of that company or this state.”
Rogers launched the same invoice to make bitcoin authorized tender in Arizona final yr however it was rapidly shot down. She tweeted final April:
Centralized digital cash managed by the central bankers is slavery. Decentralized bitcoin is freedom.
In September 2021, El Salvador grew to become the primary nation to undertake bitcoin as authorized tender alongside the U.S. greenback. Since then, the nation, led by the pro-bitcoin president Nayib Bukele, has purchased hundreds of BTC for its treasury. Final November, Bukele introduced that El Salvador is buying bitcoin every day.
Do you assume bitcoin will develop into authorized tender within the U.S.? Tell us within the feedback part under.
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