U.S. says bitcoin

Despite an executive order from President Joe Biden, Arizona, Colorado, California and other U.S. states have enacted their own laws in their own way when it comes to bitcoin and cryptocurrencies.

Arizona and Other U.S. States Working on Their Own Bitcoin and Cryptocurrency Laws

While President Joe Biden has signed an executive order on U.S. cryptocurrency regulation, some states such as Arizona, Colorado and California are seeking their own path to bitcoin and cryptocurrency.

In this sense, Arizona is known for the bill introduced by Senator Wendy Rogers to make Bitcoin a legal tender. In her speech, the Republican representative emphasized the difference between cryptocurrency and bitcoin.

Arizona Senator Wendy Rogers: There’s “cryptocurrency” and then there’s #Bitcoin. pic.twitter.com/NzI2twdkfT

-Bitcoin Magazine (@BitcoinMagazine) March 9, 2022

“Arizona Senator Wendy Rogers (R): There’s ‘cryptocurrency’ and then there’s Bitcoin”.

In her proposal, Rogers wants to change what the country considers legal tender and allow the use of bitcoin to pay debts, state fees and taxes.

Following in the footsteps of other U.S. states, California appears to have introduced a bill called Calderon-Porter to make bitcoin legal tender in the sunny state.

Additionally, in California, Democratic Senator Sydney Kamlager has introduced a bill that would allow the state to accept cryptocurrency payments for state services, including licenses, DMV licenses, certificates and state fees.

U.S. says bitcoin Some U.S. states have their own bitcoin and cryptocurrency policies Arizona joins Colorado, Ohio and Wyoming in the bitcoin boom

In addition to Arizona and California, other states such as Colorado have committed to using bitcoin and cryptocurrency soon. Last month, Governor Jared Polis tweeted the following announcement

We’re having payment providers accept cryptocurrency equivalents and deposit that amount in dollars into the national treasury. It’s kind of like credit card payments, with the benefit that there are no returned payments pic.twitter.com/H8MaFV1ojE

– Jared Polis (@GovofCO) Governor, February 23, 2022

“We’re having payment providers accept cryptocurrency equivalents and deposit that amount in dollars into the national treasury. It’s kind of like a credit card payment, with the benefit that there are no chargebacks”

If the current experiment is successful, the governor will explore all types of cryptocurrency payments to the state.

Even in Ohio, the issue of adopting bitcoin was tested in 2018, though it was a short-lived effort. Instead, Wyoming has taken a slower, and perhaps more robust, approach. Here, four members of the Wyoming legislature have introduced a bill that would allow the state treasurer to issue a stablecoin.

Biden signs executive order to overwhelming response

While this list of states where Arizona is leading the way is blazing its own trail with bitcoin, the federal government, through an executive order signed by Biden himself this week, appears to be exploring the field.

Overall, the leadership approach the U.S. hopes to take in the cryptocurrency space has elicited many enthusiastic reactions.

Like cryptocurrency influencer Anthony Pompliano, who said the White House is looking to embrace cryptocurrencies, and Ripple CEO Brad Garlinghouse, who underscored his surprise at the news.

Finally, SEC Chairman Gary Gensler said he looks forward to working with his colleagues in the government sector to achieve public policy goals while protecting investors and consumers from illegal activity.

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