Bill Introduced To Make Bitcoin A Legal Tender In Arizona

Senator Wendy Rogers has introduced a bill proposing to marque bitcoin a ineligible tender successful the U.S. authorities of Arizona.

The measure seeks to adhd bitcoin to the database of instruments considered ineligible tender successful Arizona and marque the peer-to-peer integer currency a lawful mean of speech there, enabling citizens to wage debts, nationalist charges, taxes and dues with BTC.

If enacted, each fiscal transactions that are presently done successful U.S. dollars could astir apt beryllium done successful bitcoin successful the state, including payments and payouts. Citizens could opt to person their salaries straight successful bitcoin and companies would person implicit state arsenic to however and erstwhile they could usage bitcoin.

The measure says “Bitcoin” specifically alternatively than cryptocurrency successful general, and doesn’t notation immoderate different integer currency too the archetypal and lone P2P strategy that managed to trustlessly lick the double-spending occupation of integer cash.

Screenshot of the measure presented by Sen. Rogers. Source: Arizona Legislature.

Arizona could go the archetypal U.S. authorities to admit bitcoin arsenic ineligible tender if the measure moves guardant and gets approved.

El Salvador successful September became the archetypal state successful the satellite to marque bitcoin a lawful currency aft President Nayib Bukele presented a measure that would equate BTC to U.S. dollars, the different currency with the presumption of ineligible tender successful the Central American country.

Allowing the state to transact with and store wealthiness successful an incorruptible signifier of wealth that is besides much dependable than the dollar is simply a nett affirmative to the authorities of Arizona and its citizens.

Similar intentions are brewing successful Texas. Governor campaigner Huffines said helium volition effort and marque bitcoin ineligible tender successful his authorities if helium wins the election, arsenic helium says “Texas indispensable halt the national authorities from shutting down the manufacture and discriminating against Bitcoin holders.”