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Arizona Introduces a bill to make Bitcoin Legal Tender [pdf]

azleg.gov

31–40 of 111 posts

Re: Arizona Introduces a bill to make Bitcoin Legal Tender [pdf]

#31

Wouldn't this violate the federal Constitution? > No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money ; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts ; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility. -Article I, Section 10, Clause 1

Yes; almost certainly unconstitutional.

Re: Arizona Introduces a bill to make Bitcoin Legal Tender [pdf]

#32

Earlier quoted context omitted.

Wow, she is a member of the terrorist group Oath Keepers.

I was really confused for a moment, I confused Oath Keepers for Promise Keepers... > Oath Keepers is an American far-right[1] anti-government militia[1][2] whose members claim to be defending the Constitution of the United States.[3] It encourages its members to disobey orders which they believe would violate the U.S. Constitution. Research on their membership determined that two thirds of the Oath Keepers are former…

Promise Keepers performs their acts of terrorism the proper way. Through campaign donations and politicking.

Re: Arizona Introduces a bill to make Bitcoin Legal Tender [pdf]

#33

Wouldn't this violate the federal Constitution? > No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money ; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts ; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility. -Article I, Section 10, Clause 1

> make any Thing but gold and silver Coin a Tender in Payment of Debts Well, they've already violated this by accepting USD, but that doesn't necessarily mean they can just do BTC too. To strike this down the courts would need a lawsuit, though, and I'm not sure who could claim damages. > coin money I take this to mean issuing a currency, which they are not doing here since they don't control BTC.

The federal government is what makes USD legal tender, and this clause does not restrict the federal government.

Standing would presumably be with the party which refused bitcoin payment in satisfaction of a debt.

Re: Arizona Introduces a bill to make Bitcoin Legal Tender [pdf]

#34

Wouldn't this violate the federal Constitution? > No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money ; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts ; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility. -Article I, Section 10, Clause 1

> make any Thing but gold and silver Coin a Tender in Payment of Debts Well, they've already violated this by accepting USD, but that doesn't necessarily mean they can just do BTC too. To strike this down the courts would need a lawsuit, though, and I'm not sure who could claim damages. > coin money I take this to mean issuing a currency, which they are not doing here since they don't control BTC.

>Well, they've already violated this by accepting USD

... no, the US dollar is a Federal construction, created by Congress. Congress is not bound by Article I, Section 10, Clause 1 - only the states.

Re: Arizona Introduces a bill to make Bitcoin Legal Tender [pdf]

#35
post #16

Earlier quoted context omitted.

She's something of an extremist: https://en.wikipedia.org/wiki/Wendy_Rogers_(politician)

Wow, she is a member of the terrorist group Oath Keepers.

Maybe she plans to pay Cyber Ninjas with it?

Re: Arizona Introduces a bill to make Bitcoin Legal Tender [pdf]

#36

Guess this would mean one could settle state taxes with Bitcoin? That's sort of neat. Also means someone could have a nice dinner and then refuse to pay with anything but Bitcoin, at least under state law, which sounds less fun.

And will you get a free option to pay for dinner at the exchange rate when you order or when you finish?

Re: Arizona Introduces a bill to make Bitcoin Legal Tender [pdf]

#37

Earlier quoted context omitted.

I am totally against all things Bitcoin, however, it's not coined exclusive in the us and the constitution is not immutable, else it would be a very bad document that can't get with the times. Anything in the constitution is not canonical forever.

> Anything in the constitution is not canonical forever. It is, however, canonical until amended or SCOTUS interprets it away. Constitutionally, it appears quite clear Arizona can't do this currently , and the law as a result would almost certainly be immediately stayed and struck down if passed.

The required interpretation appears readily available. Arizona wouldn't issue anything, but they'll gladly accept it.

Re: Arizona Introduces a bill to make Bitcoin Legal Tender [pdf]

#38

Wouldn't this violate the federal Constitution? > No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money ; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts ; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility. -Article I, Section 10, Clause 1

> make any Thing but gold and silver Coin a Tender in Payment of Debts Well, they've already violated this by accepting USD, but that doesn't necessarily mean they can just do BTC too. To strike this down the courts would need a lawsuit, though, and I'm not sure who could claim damages. > coin money I take this to mean issuing a currency, which they are not doing here since they don't control BTC.

I'm curious now... could a state just stop accepting USD and demand gold and silver.

Re: Arizona Introduces a bill to make Bitcoin Legal Tender [pdf]

#39
“Arizona” did not introduce this bill. A single Senator, Wendy Rogers, with no co-sponsors introduced a bill. She is a well-known wingnut, who introduces a lot of legislation that never even gets to committee.

https://www.billtrack50.com/legislatordetail/25708

Re: Arizona Introduces a bill to make Bitcoin Legal Tender [pdf]

#40
post #6

Don't get too riled up about this. "Arizona" introduced nothing. State Senator Rogers did. It's probably not going to make it out of committee in the AZ legislature. I'd be surprised if anyone took it seriously. Edit: maybe someone knowledgeable can chime in; I don't think states can even do this. The US Government determines what is legal tender in the US.

> "Arizona" introduced nothing.

It's just synecdoche.

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