An Arizona state senator in the United States, Wendy Rogers, has launched bills about crypto, including one that strives to make Bitcoin (BTC) legal tender in Arizona. The state senator also introduced a similar bill to make Bitcoin legal tender in 2022 but did not succeed.
In a recent tweet, Rogers cited data from investment company Goldman Sachs that BTC is the best-performing asset in the world and said that she launched a series of crypto bills.
“Breaking: #Bitcoin is the best performing asset in the world this year according to data from Goldman Sachs.”
— Wendy Rogers (@WendyRogersAZ) January 25, 2023
Notably, one of the proposed bills focuses on making Bitcoin legal tender in the United States jurisdiction. If it gets passed into law, BTC will have the same status as the US dollar, becoming an accepted medium of exchange for debt payment, taxes, public charges, and dues within the state.
In 2022, the state senator also introduced a similar bill without any success. Despite that, Rogers now continues efforts to push Bitcoin forward in the state. In April 2022, Rogers spoke against central banks and voiced her unwavering support for Bitcoin. She tweeted:
Centralized digital money controlled by the central bankers is slavery. Decentralized #Bitcoin is freedom.
— Wendy Rogers (@WendyRogersAZ) April 2, 2022
Besides that, Rogers also participated in the introduction of a bill that aims to make crypto a tax-exempt property. If approved, the voters can decide in 2024 in case they want tokens that do not represent foreign currencies or the US dollar to be exempt from taxes.
On September 7, 2021, El Salvador officially made Bitcoin a legal tender in the nation. Over a year later, making Bitcoin legal tender in the nation proved beneficial. El Salvador experienced increased tourism in 2022, with 1.1 million people visiting the nation in the first half of the year.
On January 22, Argentina and Brazil announced preparations to develop a common currency parallel to the Brazilian real and the Argentine Peso. Responding to this, Coinbase CEO Brian Armstrong suggested that moving to Bitcoin may be the right ‘long-term bet’ for both nations.