The state senator attempted to pass a similar bill that would have made bitcoin legal tender in 2022, but it was unsuccessful.
One of the bills Wendy Rogers, a state senator from Arizona in the United States, has introduced would make Bitcoin legal tender in her state.
BTC is the greatest asset in the world, according to data from investment company Goldman Sachs, according to a recent tweet from Rogers, who also announced the launch of a set of cryptocurrency bills.
Trying to make BTC legal currency in the U.S. state is the subject of one of the bills that have been put forward. If adopted into law, BTC will have the same status as the US dollar and be recognized as a valid form of payment for state taxes, fees, and other obligations such as debt repayment and public charges.
The state senator attempted to introduce a similar bill in 2022, but was unsuccessful. Rogers is still working to advance BTC in the state, despite this. Rogers advocated for Bitcoin and spoke out against central banks in April 2022. Tweeted by her:
In addition, Rogers took part in the introduction of a bill that would exempt cryptocurrencies from taxes. If approved, voters will be given the opportunity to decide in 2024 whether or not to exempt from taxation tokens that do not represent foreign currencies or the US dollar.
El Salvador made Bitcoin a recognized form of currency on September 7, 2021. Making Bitcoin legal currency in the nation paid off more than a year later. In 2022, there was an increase in tourism, with 1.1 million travelers coming to El Salvador during the first half of the year.
Brazilian real and Argentine peso will be replaced by a common currency, Brazil and Argentina announced on January 22. Brian Armstrong, CEO of Coinbase, responded by saying that switching to Bitcoin might be the best “long-term bet” for both nations.