Republican Senator Wendy Rogers introduced a bill Jan. 25 proposing to add Bitcoin (BTC) to the list of currencies accepted as legal tender in Arizona. If passed, Arizona would be the first state in the US to adopt Bitcoin as its official currency.
If approved, the bill will allow Arizona residents to buy and sell goods and services and pay taxes and duties using BTC.
Rogers previously introduced bill SB 1341, which aims to make Bitcoin legal tender in January 2022. The new bill, SB 1235, proposes changing the definition of legal tender to include BTC in existing laws, in addition to making the largest cryptocurrency legal tender.
However, it is questionable whether Arizona will be able to enact the bill. The US Constitution specifically restricts states from creating their own legal tender.
Journalist at CryptoSlate
Monika started reading about crypto in 2020 and kept going down the rabbit hole. While always skeptical about new projects, she genuinely believes that blockchain and the crypto industry can solve some of the most pressing issues of our time, including financial inequality and transparency. She is a voracious reader and her love of food is rivaled only by her love of books.
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