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Bitcoin: Senator Wants to Make BTC Legal Tender

Bitcoin: Senator Wants to Make BTC Legal Tender

The senator introduced a similar bill that aims to make Bitcoin legal tender in 2022, but it was unsuccessful.

Arizona State Senator Wendy Rogers has once again made an attempt at making the largest cryptocurrency by market capitalization legal tender in the state.

In a tweet, she cited Goldman Sachs data that Bitcoin is the best-performing asset in the world, and announced that she has launched a number of cryptocurrency bills.

One of the proposed bills focuses on making Bitcoin legal tender in the state. If passed into law, BTC would have the same status as the U.S. dollar, becoming an accepted means of payment for debts, public fees, taxes, and levies in the state.

Rogers introduced a similar bill last year

However, it was not successful. This attempt does still continue her series of efforts to promote and adopt BTC in Arizona. In April 2022, she spoke out against central banks, expressing support for Bitcoin as a sustainable and decentralized asset.

The senator shared in a tweet:

Rogers is also involved in introducing a bill that aims to make cryptocurrencies tax-free. If it gets approved, voters will be able to decide in 2024 whether they want tokens that are not pegged to foreign currencies or U.S. dollars to be tax-exempt.

Andrey Kunev

Reporter at CoinsPress

Andrey Kunev is a knowledgeable cryptocurrency content creator passionate about the crypto market. With extensive experience in market analysis and investment reporting, Andrey is a valuable asset to the CoinsPress team. As a frequent contributor, he offers insightful and comprehensive coverage of market trends, price fluctuations, and new advancements in cryptocurrency. Whether you're a seasoned investor or just getting started, Andrey's clear and concise writing offers a comprehensive look at the current state of the crypto market and its prospects. Stay up-to-date with CoinsPress's expert analysis and commentary on all things cryptocurrency.

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