Arizona Senator Introduces Bill to Make Bitcoin Legal Tender

Posted on by American Coins & Gold

Arizona Senator Introduces Bill to Make Bitcoin Legal Tender
A bill introduced in Arizona would make bitcoin legal tender in the state in the unlikely event that the legislation passes and the law goes into effect.The bill, SB 1341, was introduced by state Sen. Wendy Rogers, a Republican. It seeks to amend the list of accepted legal tender to include bitcoin, which means the cryptocurrency would be accepted for the payment of debt, public charges, taxes and dues. Whether such a law could go into effect is questionable, given that the U.S. Constitution does not allow individual states to create its own legal tender. The bill must pass the…