Arizona senators recently introduced a bill in Arizona that aims to make bitcoin a legal tender. While U.S. federal law does not allow states to use new forms of transactions, the bill may spark heated discussions.
State Senator Wendy Rogers, a Republican, has moved a draft bill numbered SB 1341 that seeks to allow Bitcoin as a valid tender. If the bill is discussed in the state senate and the house of representatives where a date has not yet been set, the state of Arizona will be the first U.S. state to consider this development.
The bill that Senator Rogers wants to introduce defines legal tender as “a medium of exchange permitted by the United States constitution or congress for the payment of debts, public charges, taxes and fees.”
In September last year, the senator had tweeted that he wanted to make Arizona a crypto -friendly state.
"I will work to help make Arizona a crypto -friendly state."
Rogers was appointed a member of the Blockchain and Cryptocurrency Review Committee on December 31, 2021. The committee’s term will end on December 31, 2022, during which he must submit a final report. The move to introduce a bill to make bitcoin a legal tender is likely to spark a new debate in the country about the wider acceptance and use of bitcoin.
Based on a survey report in September 2021, 30% of voters said they wanted cryptocurrency as a legal tender The survey reported the number of residents choosing bitcoin as a legal tender in Texas and Wisconsin was 37%, compared to 25% in Arizona.
So far, El Salvador is the only country that has accepted bitcoin as a legal tender. On the other hand, Tongan parliamentarians are among those interested in making bitcoin a legal tender.
