Arizona Senate Committee Passes Bill to Exclude CBDC from State Definition of Legal Tender

PHOENIX, Ariz. (Feb. 14, 2024) – On Monday, an Arizona Senate committee passed a bill that would expressly exclude central bank digital currency (CBDC) from the definition of legal tender in the state, creating potentially significant roadblocks to its use as such in the state. Sen. Jake Hoffman and five cosponsors introduced Senate Bill 1281

Related Keywords

United States ,Arizona ,China ,Indiana ,California ,Phoenix ,Florida ,Californians ,American ,Chinese ,James Madison ,Jake Hoffman ,Thorsten Polleit ,Aaron Brown ,Commerce Committee ,Starbucks ,Arizona Senate ,Law Commission ,Bloomberg ,Federal Reserve ,Senate Bill ,United States Constitution ,Arizona Uniform Commercial Code ,Senate Finance ,Uniform Law Commission ,Controlled Substances Act ,Bloomberg Opinion ,Central Bank Digital Currency ,Money ,Sb1281 ,State Bills ,