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Author Topic: State Senator Introduces Bill to Make Bitcoin Legal Tender in Arizona  (Read 368 times)
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February 03, 2022, 01:38:40 AM
 #41

@kryptqnick. There are also people in social media who are beginning to question if it is constitutional to make bitcoin as legal tender. They argue that there are laws that specify only gold and silver can be made legal tender. There is also the Federal Reserve act on 1933 that also included all United States coins and currencies issued by the Federal Reserve as legal tender. I might be mistaken on this, however hehe.

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February 03, 2022, 10:27:37 AM
 #42

As I was browsing the news from Coindesk, I happened to stumble this article-

https://www.coindesk.com/business/2022/01/28/arizona-senator-introduces-bill-to-make-bitcoin-legal-tender/

But "U.S. Constitution doesn't allow individual states to create their own legal tender"



So do you think they will be successful in making bitcoin legal tender in this state?
It's a good idea,if this will happen that means cryptocurrencies will be used to pay charges like taxes in the way we use physical cash,but I don't think a state can have it own law without approval of the federal, and the senator in question Wendy Rogers has a record of being a controversial person who has ties with anti-government group,I don't think U.S Govt  will allow  this bill to become a law,well they may see into it in the future.

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February 03, 2022, 11:03:46 AM
 #43

it's already stated that" the constitution doesn't allow individual state to create their own legal tender" so probably it's enough proof that bill cannot do anything thing with bitcoin on their country like what el salvador did. It's a law obviously so it's impossible in my personal opinion. But its a good idea to be honest so i hope he can find ways to implement it.
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