While Washington is still fumbling, Arizona continues to prove itself as a paradise for Crypto and the most promising place in the United States.
The latest hot information updated today shows that the supporters of cryptocurrency in this state are playing a very clever legal game.
🔷The hottest developments in the Arizona Senate:
The state Senate Finance Committee has just approved two important documents, Bill SB 1044 and Resolution SCR 1003, with a narrow voting ratio of 4-3.
The core content of the bill aims to EXEMPT PROPERTY TAX on cryptocurrency.
This is an event that can be said to redefine the game. When SB 1044 will legalize the concept of Crypto as a digital representation of value, paving the way for the protection of legal digital assets.
🔶 This is the most exciting part of this newsletter!
Last year, Governor Katie Hobbs vetoed a series of promising Crypto bills.
Taking experience, this time, Senator Wendy Rogers has embedded resolution SCR 1003.
If this resolution passes the Senate and House, it will NOT require the governor's signature.
Instead, it will be directly submitted to a referendum in November for the people of Arizona to decide.
This could be a great executive override that puts the power to determine the fate of Crypto in the hands of voters.
🔷 How this event has impacted the Market:
If Arizona truly succeeds, it will set a huge precedent for other states in the U.S. to follow.
A United States with tax-free Green Zones for Crypto will attract massive capital flows.
This news reinforces the belief that no matter how difficult it is for the federal government or the governor, the wave of Crypto acceptance at the state level is unstoppable.
The legal battle is still long, needing to go through the Rules Committee and the House, but this move shows the vibrant life of the Crypto legal corridor in the U.S.$BTC $ETH
This article is for informational purposes only and is not investment advice. Please read and consider carefully before making any decisions.