Bitcoin may soon become a legally recognized currency in a state of the USA.
I suggested Wendy Rogers, a Senator from Arizona, bills a bill to make Bitcoin legal tender within the state.
If the bill is passed, the state will be redefined for bitcoin.
Rogers has previously stated its commitment to making the country crypto-friendly.
The US state of Arizona may make Bitcoin legal tender:
Arizona, a US state with more national parks and monuments than any other US state, is considering offering Bitcoin as a legal tender.
The bill, introduced by Arizona Senator Wendy Rogers, seeks to amend the state’s definition of bitcoin.
Arizona will be the first US state to introduce legal tender status for bitcoin if the amendment is passed into law in the state.
Meanwhile, the bill comes at a time when the US federal government plans to clamp down on Bitcoin and other cryptocurrencies.
According to a Bloomberg report, as a matter of national security, President Biden plans to issue an executive order that would instruct federal agencies to assess the risks and opportunities that the crypto market poses to the state.
Several US states welcome Bitcoin:
Several US states have shown welcoming behavior for Bitcoin.
The state of Texas, which currently recognizes bitcoin, is seriously considering offering bitcoin as legal tender.
Texas Governor Don Hoffins has revealed his desire to turn the state into a bitcoin fortress by offering the form of bitcoin legal tender if elected to office.
Other states that may be looking at this move include Florida and Wyoming.
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