Arizona Senator Who Proposed The Bitcoin Bill Says People Should Be Able To Buy Dogecoin, Shiba Inu Because It's A Matter of 'Freedom'

Senator Wendy Rogers (R-AZ) said that people should have the freedom to buy other cryptocurrencies such as Dogecoin DOGE/USD and Shiba Inu SHIB/USD, even if some of the digital coins are not "as good as" apex cryptocurrency Bitcoin BTC/USD.

What Happened: Rogers took to Twitter to say that while she did not understand the two meme coins, she understands freedom.

Tesla Inc. TSLA CEO Elon Musk and Dallas Mavericks owner Mark Cuban are some of the big proponents of Dogecoin — which shot to prominence last year.

See Also: How To Buy Dogecoin (DOGE)

Why It Matters: Rogers move to pacify the Dogecoin and Shiba Inu community comes after she recently introduced legislation that would make Bitcoin legal tender in the state of Arizona.

The bill called SB 1341 would amend the existing list of accepted legal tender in Arizona if approved. Rogers has said she wants to help make the Grand Canyon state cryptocurrencyZ-friendly.

A report by CoinDesk noted that the U.S. Constitution does not allow individual states to create their own legal tender.

Price Action: Dogecoin is up 4.6% during the past 24 hours, trading at $0.1436 at press time, while Shiba Inu is up 6.1% during the period to $0.00002192.

Photo: Courtesy of Gage Skidmore via Flickr

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CryptocurrencyNewsMarketsarizonaBitcoindogecoinEthereum
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!