Key Takeaways:
- Senator Wendy Rogers has introduced a bill proposing to make bitcoin a legal tender in Arizona.
- The bill also seeks to make the peer-to-peer digital currency a lawful medium of exchange there, enabling citizens to pay debts, public charges, taxes and dues with BTC.
- The bill proposed by her says “Bitcoin” specifically rather than cryptocurrency in general.
Senator Wendy Rogers has introduced a bill. In her bill, she has proposed to make bitcoin a legal tender in the U.S. state of Arizona. The bill seeks to add bitcoin to the list of instruments considered legal tender in Arizona. The bill also seeks to make the peer-to-peer digital currency a lawful medium of exchange there, enabling citizens to pay debts, public charges, taxes and dues with BTC.
If the bill gets approved then all financial transactions that are currently done in U.S. dollars could most likely be done in bitcoin in the state. This will also include payments and payouts. Citizens of Arizona state will be able to receive their salaries directly in bitcoin and companies would have complete freedom as to how and when they could use bitcoin.
The bill proposed by her says “Bitcoin” specifically rather than cryptocurrency in general. It doesn’t mention any other digital currency besides the first and only P2P system that managed to trustlessly solve the double-spending problem of digital cash. If the bill moves forward and gets approved then Arizona will become the first U.S. state to recognize bitcoin as legal tender.
Similar intentions are brewing in Texas. Governor candidate Huffines said he will try and make bitcoin legal tender in his state if he wins the election, as he says “Texas must stop the federal government from shutting down the industry and discriminating against Bitcoin holders.”
