An Arizona state senator just called for Bitcoin to become legal tender. Covered: Arizona Wants Bitcoin As Legal Tender Following El Salvador’s Footsteps RECOMMENDED: NOW ARKANSAS WANTS TO BE THE NEXT BITCOIN CAPITAL OF THE WORLD Arizona Wants Bitcoin As Legal Tender ??BREAKING: Arizona has introduced legislation to make #Bitcoin legal tender! ?? — Bitcoin […] The post BREAKING: State Senator Introduces Bill To Make Bitcoin Legal Tender appeared first on CryptosRus.

BREAKING: State Senator Introduces Bill To Make Bitcoin Legal Tender

An Arizona state senator just called for Bitcoin to become legal tender.

Covered:

  • Arizona Wants Bitcoin As Legal Tender
  • Following El Salvador’s Footsteps

RECOMMENDED: NOW ARKANSAS WANTS TO BE THE NEXT BITCOIN CAPITAL OF THE WORLD

Arizona Wants Bitcoin As Legal Tender

Wendy Rogers, a state senator representing Arizona, proposed a bill that would make Bitcoin legal tender in the state. This is major news, not only because it confirms that more and more people want to use Bitcoin, but this statement from Arizona could trigger a ripple effect throughout the country to adopt the digital asset, similar to what we have seen among various mayors.

The specific bill can be viewed here.

You may not recall, but back in 2020, Arizona already began an initiative to make “cryptocurrency” legal tender, however, the proposal never made it to the ballot.

Now, however, with the momentum we’ve seen behind Bitcoin and crypto over the past two years, voters may have a better chance at successfully pushing this issue onto the ballot.

Following El Salvador’s Footsteps

When El Salvador made the bold decision to go against the grain of traditional finance and adopt Bitcoin as legal tender in the nation, regulators were not too happy with the decision; the International Monetary Fund directly urged the country to cut it out.

Of course, El Salvador president Nayib Bukele had no interest in listening, and is choosing to control his country’s money how he sees fit. Other countries in similarly dire economic straits are also seeing the Bitcoin light shine. Bukele recently had a meeting with Turkey a couple of weeks ago, to which the president of the nation responded:

Regulators and economic kingpins like the IMF will have to come to the painful realization that open-source technology cannot be ignored and cannot be stopped. El Salvador, Turkey, and other countries with staggering inflation or other economic concerns are demonstrating why hard money is so important and why people want this technology. With Arizona’s most recent bill, the economic snowball that is Bitcoin could start cascading even quicker throughout the US.

RECOMMENDED: ANOTHER COUNTRY IS CLOSE TO MAKING BITCOIN LEGAL TENDER

The post BREAKING: State Senator Introduces Bill To Make Bitcoin Legal Tender appeared first on CryptosRus.