A senator within the U.S. state of Arizona has launched a set of cryptocurrency payments, one in all which seeks to make bitcoin authorized tender. “Centralized digital cash managed by the central bankers is slavery. Decentralized bitcoin is freedom,” the lawmaker stated.
Arizona Lawmaker Desires to Make Bitcoin Authorized Tender
Arizona State Senator Wendy Rogers has launched a number of crypto-related payments, together with one to make bitcoin authorized tender in her state.
“Launched my crypto payments in the present day,” Rogers tweeted Tuesday. The payments are co-sponsored by her state senate Republican colleagues Jeff Weninger and J.D. Mesnard.
One of many payments proposes making bitcoin authorized tender. The laws defines the cryptocurrency as “the decentralized, peer-to-peer digital forex wherein a document of transactions is maintained on the bitcoin blockchain and new items of forex are generated by the computational answer of mathematical issues and that operates independently of a central financial institution.”
One other invoice proposes permitting state companies to enter “into an settlement with a cryptocurrency issuer to supply a technique to simply accept cryptocurrency as a cost technique of fines, civil penalties or different penalties, lease, charges, taxes, charges, expenses, income, monetary obligations, and particular assessments to pay any quantity on account of that company or this state.”
Rogers launched the same invoice to make bitcoin authorized tender in Arizona final yr but it surely was shortly shot down. She tweeted final April:
Centralized digital cash managed by the central bankers is slavery. Decentralized bitcoin is freedom.
In September 2021, El Salvador turned the primary nation to undertake bitcoin as authorized tender alongside the U.S. greenback. Since then, the nation, led by the pro-bitcoin president Nayib Bukele, has bought hundreds of BTC for its treasury. Final November, Bukele introduced that El Salvador is shopping for bitcoin on daily basis.
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