Wendy Rogers, Senator from Arizona in the United States, has launched bills regarding cryptocurrencies, including one that aims to make Bitcoin (BTC) legal tender in the state.
In a recent tweet, Rogers cited data from investment firm Goldman Sachs that BTC is the world’s best-performing asset, announcing that she has launched a series of bills relating to cryptocurrencies.
“Breakfast: According to Goldman Sachs data #Bitcoin is the best performing asset in the world this year”.
Today I launched my #Crypto bills, as well as the Photo Radar Ban, which includes nearly all of my fellow Republican Senators as cosponsors @JeffWeninger @JDMesnard
“Breaking: #Bitcoin is the best performing asset in the world this year according to data from Goldman Sachs.”
Launched my #Crypto bills today, as well as Photo Radar Prohibition, which included nearly all my Republican senator colleagues as cosponsors @JeffWeninger @JDMesnard pic.twitter.com/ueUeFSEybo
— Wendy Rogers (@WendyRogersAZ) January 25, 2023
One of the bills focuses on the possibility of making BTC legal tender in the US state. If approved, BTC will have the same status as the US dollar, becoming an accepted medium of exchange for paying debts, government fees, taxes and duties in the state.
In 2022, the state senator had introduced a similar law, but to no avail. Despite this, Rogers remains committed to moving the asset forward. In April 2022, Rogers spoke out against central banks, exposing his support for Bitcoin. He tweeted:
Centralized digital money controlled by central bankers is slavery. Decentralized #Bitcoin is freedom.
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 cryptocurrencies a tax-free asset. If approved, in 2024 voters will be able to decide whether they want tokens that do not represent foreign currencies or the US dollar to be tax-free.
On September 7, 2021, El Salvador officially made Bitcoin a legal tender in the country. More than a year later, the choice has definitely proved to be profitable. In 2022 El Salvador experienced an increase in tourism, with 1.1 million people who visited the country during the first half of the year.
On January 22, Brazil and Argentina announced preparations for the creation of a common currency parallel to the Brazilian real and the Argentine peso. In response to this, Brian Armstrong, CEO of Coinbase, suggested that the adoption of Bitcoin could represent the fair “long-term bet” for both countries.
