Wendy Rogers, Arizona state senator in the United States, has opened bills about cryptocurrency, 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 asset in the world and announced that he is launching a crypto bill.
“Break: #Bitcoin is the best performing asset in the world this year according to data from Goldman Sachs.
Unlocked password #Crypto current bill, as well as the Photo Radar Ban, which includes almost all of his fellow Republican senators as cosponsors. @JeffWeninger @JDMesnard pic.twitter.com/ueUeFSEybo
– Wendy Rogers (@WendyRogersAZ) January 25, 2023
One of the proposed bills focuses on making BTC legal tender in the US. If put into law, BTC will have the same status as the US dollar, being the accepted medium of exchange for the payment of debts, public charges, taxes and dues in the country.
In 2022, state senators also introduced a similar bill without success. Despite this, Rogers still continues his efforts to push BTC forward in the country. In April 2022, Rogers spoke to central banks and expressed his support for Bitcoin. He tweeted:
Centralized digital money controlled by a central bank is slavery. Decentralization #Bitcoin this is freedom.
– Wendy Rogers (@WendyRogersAZ) April 2, 2022
In addition, Rogers is also involved in introducing a bill that seeks to make crypto a tax-exempt property. If approved, voters could decide in 2024 if they want tokens that do not represent foreign currencies or the US dollar to be exempt from taxation.
related: US Senator Ted Cruz is pushing crypto in Congress … using snacks
On September 7, 2021, El Salvador officially made Bitcoin legal tender in the country. More than a year later, making Bitcoin legal tender in the country proved beneficial. El Salvador experienced an increase 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 could be the right “long-term bet” for both countries.