I don't actually think it will. The US constitution prevents States from adopting their own legal tender besides gold and silver, but it gets the conversation going.
it wouldn't be the first time something gets approved at the state level which goes against the constitution - the ongoing argument if it does will be good for bitcoin.
Wow! What’s the implication if this gets approved?
I don't actually think it will. The US constitution prevents States from adopting their own legal tender besides gold and silver, but it gets the conversation going.
it wouldn't be the first time something gets approved at the state level which goes against the constitution - the ongoing argument if it does will be good for bitcoin.
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"No State shall make any thing but gold and silver Coin a Tender in Payment of Debts"
If Bitcoin is "unconstitutional" according to this, then Fiat also became unconstitutional in 1971 when they removed the Gold Standard.
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I couldn't manage to find the actual text of the bill.
https://www.azleg.gov/legtext/55leg/2R/bills/SB1341P.pdf
Oh! I get it, it's a redefinition of legal tender. I thought it'd be a typically long government bill.
Yeah, it's just a small patch PR with only couple lines diff.
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