Republican senator Wendy Rogers launched a invoice on Jan. 25 that proposes together with Bitcoin (BTC) within the record of currencies accepted as authorized tender in Arizona. If handed, Arizona would develop into the primary state within the U.S. to embrace Bitcoin as an official forex.
The invoice, if accepted, will allow Arizona residents to purchase and promote items and companies, and pay taxes and dues with BTC.
Rogers had beforehand launched invoice SB 1341 in search of to make Bitcoin authorized tender in January 2022. The brand new invoice, SB 1235, proposes amending the definition of authorized tender to incorporate BTC in present legal guidelines along with declaring the most important cryptocurrency as authorized tender.
It’s questionable, nonetheless, whether or not Arizona will be capable to enact the invoice into legislation. The U.S. Structure particularly restricts states from creating their very own authorized tender.