Wendy Rogers, a US state senator from Arizona, has launched cryptocurrency-related bills, including one that aims to make Bitcoin (BTC) legal tender in Arizona.
In a recent tweet, Rogers cited data from investment firm Goldman Sachs that BTC is the best-performing asset in the world and announced that he has launched a suite of crypto-currency notes.
“Rip: #Bitcoin it is the best performing asset in the world this year according to data from Goldman Sachs”.
I threw my #Crypto bills today, as well as the Photo Radar Ban, which included almost all of my fellow Republican senators as co-sponsors @JeffWeninger @JDMesnard pic.twitter.com/ueUeFSEybo
—Wendy Rogers (@WendyRogersAZ) January 25, 2023
One of the proposed bills. Focus on making BTC legal tender in the US state. If signed into law, BTC will have the same status as the US dollar, becoming an accepted medium of exchange for payment of debts, public charges, taxes and fees in the state.
In 2022, the state senator will also inserted a similar bill without success. Despite this, Rogers is still continuing his efforts to boost BTC in the state. In April 2022, Rogers spoke out against central banks and expressed his support for Bitcoin. She tweeted:
Centralized digital money controlled by central bankers is slavery. decentralized #Bitcoin is freedom
—Wendy Rogers (@WendyRogersAZ) April 2, 2022
Aside from this, Rogers was also involved in introducing a bill that seeks to make cryptocurrencies tax-exempt property. If approved, voters can decide in 2024 if they want tokens not representing foreign currencies or the US dollar to be tax-exempt.
Related: US Senator Ted Cruz Lobbying for Crypto in Congress… Using Speech Bubbles
On September 7, 2021, El Salvador officially made Bitcoin a legal tender in the country. More than a year later, it turned out to be beneficial to make Bitcoin legal tender in the country. El Salvador experienced a surge in tourism in 2022, with 1.1 million people visiting the country in the first half of the year.
On January 22, Brazil and Argentina announced preparations to create a common currency parallel to the Brazilian real and the Argentine peso. In response to this, Coinbase CEO Brian Armstrong suggested that moving to Bitcoin may be the right “long-term bet” for both countries.
