Senator Wendy Rogers has introduced bill to make bitcoin legal tender in the state of Arizona

Senator Wendy Rogers has introduced bill to make bitcoin legal tender in the state of Arizona

#Senator #Wendy #Rogers #introduced #bill #bitcoin #legal #tender #state #Arizona

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bathroomworld

I always find this hard to understand. So legal tender means it’s recognized as money, but sellers don’t HAVE to accept it (ex: physical cash isn’t always accepted).

Further, is there a law that a seller can’t accept something that isn’t legal tender? Say a shitcoin?

hodlyourground

What does it mean to introduce a bill? Is it a proposal that gets voted on by elected officials and made law if the vote is successful?

KAX1107
greenmantis43

So there won’t be any capital gains tax there?

JerryLeeDog

Slowly at first. Then all at once

scotscottscottt

Cool, but not as cool as just using it as legal tender without big daddy gubment’s permission tbh.

pink_raya

that definition of bitcoin is rather problematic, no?

UncleUrdnot

Would that definition as written include spinoff shitcoins like bcash and BSV?

Rshackleford22

Man she’s the wrong person to do this. Bitch is insane

Dazzling_Marzipan474

It’ll prolly fail again. But it’s still great news it’s even considered. Seriously, that’s insane! BTC is adopting slowly but surely. It seems inevitable!

1LakeShow7

Not going to pass.

I like the idea, but you are literally opening Pandoras box with this.

CowboyTrout

Before you guys start blindly supporting a politician for throwing up window dressing.

[Wendy Rogers said white nationalists are ‘patriots’ and called for hanging political enemies](https://www.azmirror.com/2022/02/26/wendy-rogers-racist-white-nationalists-patriots-and-called-for-hanging-political-enemies/)

Somebody else from the state should purpose this bill.

VicDamonJrJr

Senator…. Wendy’s? No, Roy Rogers.

ComingClean80611b

Crazy how we went from all the doomsday nay-saying two weeks ago to possibly one of the strongest adoption measures yet

RonPaulWasR1ght

I would argue that the definition of “Bitcoin” in this law, is ambiguous. Seriously, there are like 25 or 30 spinoff hard fork cryptos from the original Bitcoin (BTC Cash, BTC SV, Bitcoin gold, etc.), and each of those would seem to meet the definition provided herein.

Anyways, yeah it’s bullish. Love to see this stuff.

ldipenti

Would make it legal tender negate its treatment as an asset, and thus avoid having to pay capital gains from it?

communistakeover

I thought the constitution states no state can make anything other than silver and gold as money?

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