The last year has been unkind to bitcoin, with its price dropping nearly 60% from its peak.
That’s dampened a lot of the hype around bitcoin, but not all of it.
There are still many believers in the cryptocurrency’s future, with Arizona state Sen. Wendy Rogers among them.
Republicans hold 16 of Arizona’s 30 state senate seats and 31 of its 60 House of Representative spots.
Asimilar bill introduced by Rogersin 2022 was quickly shot down, however.
Rogershas also proposedallowing voters in 2024 decide whether cryptocurrency should be tax exempt in the state.
“Decentralized Bitcoin is freedom.”
Most famous for its adoption of bitcoin as legal tender is El Salvador.
Critics say the adoption of bitcoin was a cost that the heavily indebted country couldn’t afford.
Arizona isn’t alone in grappling with the regulation of cryptocurrency.
