Arizona senator doubles down on crypto amid the winter of discontent: Law Decoded, Jan. 23-30 By Cointelegraph

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Arizona senator doubles down on crypto amid the winter of discontent: Law Decoded, Jan. 23-30

Published Jan 30, 2023 03:05PM ET Updated Jan 30, 2023 04:40PM ET

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Arizona senator doubles down on crypto amid the winter of discontent: Law Decoded, Jan. 23-30

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Even though this winter continues to stress test the case for Bitcoin (BTC) advocation, some lawmakers strive to put their names on the crypto hot list among the likes of United States Senators Cynthia Lummis and Pat Toomey. State Senator Wendy Rogers (NYSE:ROG), 68, introduced two bold bills in the Arizona legislature. One focuses on making BTC legal tender in the U.S. state. If passed into law, BTC will have the same status as the U.S. dollar, becoming an accepted medium of exchange for debt payment, public charges, taxes and dues in the state. The bill is not Rogers’ first attempt at making BTC legal tender, with a similar bill defeated in 2022.

Rogers also participated in introducing a bill that seeks to make crypto a tax-exempt property in the state. Alongside Senators Sonny Borrelli and Justine Wadsack, Rogers proposed to let Arizona residents decide on amending the state’s constitution regarding property taxes. Should the measure pass the legislature, voters could choose to make digital currencies — specifically tokens that are not “a representation of the United States dollar or a foreign currency” — tax-exempt.

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