Arizona Senator Introduces Bill to Recognize Bitcoin as Legal Tender

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Member of the Arizona Senate fromThe Republican Party proposed that local legislators introduce amendments to give the first cryptocurrency the status of legal tender in the state.

Wendy Rogers' proposal enteredinto a package of broader legislative changes. This includes prohibiting local authorities from taxing the use of blockchain technology, as well as allowing government agencies to accept cryptocurrency as a method of paying fines, rent, taxes and any other fees.

The bills were co-sponsored by Senator Rogers' Republican colleagues Jeff Weninger and J. Mesnard.

A year ago with a democratic majorityIn the state Senate, Wendy Rogers introduced a similar bill, but it was rejected. Now the situation has changed, and the Republicans have the majority. If all party members support the bill, it could be passed without Democratic support.

The other day the President of El Salvador tweetedcriticized the “traditional media” for not reporting on his country’s fulfillment of all international obligations on the national debt. Nayib Bukele stated that after the adoption of bitcoins as legal tender, numerous foreign media outlets vied with each other to predict the inevitable bankruptcy of El Salvador, but they were wrong.