Arizona senator keeps pushing to make Bitcoin legal tender Arizona senator keeps pushing to make Bitcoin legal tender
If approved, the bill would allow Arizona residents to transact and pay taxes with BTC. A similar bill was first introduced in January 2022.
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Updated: Aug. 6, 2023 at 5:15 pm UTC
Gage Skidmore / CC BY-SA 2.0 / Wikimedia. Remixed by CryptoSlate
Republican senator Wendy Rogers introduced a bill on Jan. 25 that proposes including Bitcoin (BTC) in the list of currencies accepted as legal tender in Arizona. If passed, Arizona would become the first state in the U.S. to embrace Bitcoin as an official currency.
The bill, if approved, will enable Arizona residents to buy and sell goods and services, and pay taxes and dues with BTC.
Rogers had previously introduced bill SB 1341 seeking to make Bitcoin legal tender in January 2022. The new bill, SB 1235, proposes amending the definition of legal tender to include BTC in existing laws in addition to declaring the largest cryptocurrency as legal tender.
It is questionable, however, whether Arizona will be able to enact the bill into law. The U.S. Constitution specifically restricts states from creating their own legal tender.
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Monika Ghosh
In 2020, Monika immersed herself in crypto, maintaining skepticism yet firmly believing blockchain could address key issues like financial disparity and transparency. A book-lover, she's also a passionate food enthusiast.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
