Arizona senator submits crypto bill to make BTC legal tender

27 Jan 2023

A U.S. senator in Arizona has submitted a set of cryptocurrency bills, one of which is to make Bitcoin legal tender.

Arizona State Senator Wendy Rogers has introduced a number of crypto-related bills, including one to make the world’s largest cryptocurrency by market capitalisation legal tender in her state. 

“Launched my crypto bills today,” Rogers announced on Twitter this week. The bills are co-sponsored by her state senate Republican colleagues Jeff Weninger and J.D. Mesnard, reports. 

The proposed legislation defines Bitcoin as “the decentralised, peer-to-peer digital currency in which a record of transactions is maintained on the Bitcoin blockchain, and new units of currency are generated by the computational solution of mathematical problems, and that operates independently of a central bank.”

In addition, another bill recommends permitting state agencies to enter “into an agreement with a cryptocurrency issuer to provide a method to accept cryptocurrency as a payment method of fines, civil penalties or other penalties, rent, rates, taxes, fees, charges, revenue, financial obligations, and special assessments to pay any amount due to that agency or this state.” 

Last year, Senator Wendy Rogers launched a similar crypto bill in Arizona to make Bitcoin legal tender, but it was rejected. In April 2022, she commented: “Centralised digital money controlled by the central bankers is slavery. Decentralised Bitcoin is freedom.”

In September 2021, El Salvador became the first country to adopt the world’s largest cryptocurrency as legal tender, alongside the U.S. Dollar, the report goes on to add. Since then, President Nayib Bukele has purchased thousands of Bitcoin for the Treasury, and last November stated the country is buying Bitcoin every day.

Subsequently, in April 2022, the Central African Republic also approved BTC as a legal tender, only the second country in the world to do so.