A senator within the U.S. state of Arizona has launched a set of cryptocurrency payments, considered one of 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 Needs 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 at the moment,” 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 through which a report of transactions is maintained on the bitcoin blockchain and new models 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 way to just accept cryptocurrency as a fee methodology of fines, civil penalties or different penalties, lease, charges, taxes, charges, costs, income, monetary obligations, and particular assessments to pay any quantity as a result of that company or this state.”
Rogers launched an analogous 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 1000’s of BTC for its treasury. Final November, Bukele introduced that El Salvador is shopping for bitcoin day-after-day.
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