Bitcoin’s Political Breakthrough Raises Questions About Its Regulatory Future Today

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Is it actually possible for individual U.S. states to establish bitcoin as legal tender currency?

Arizona State Senator Wndry Rogers seems to think so, based on the submission (SB 1341) she crafted and introduced late last month, aiming to establish bitcoin as legal tender in the State of Arizona. Meanwhile Texas Governor Candidate Don Huffines has promised to recognize bitcoin as legal tender if elected.

But while there is growing interest in state leaders adoption bitcoin in this way, there might be some obstacles. Namely, the first clause in article one in section 10 of the U.S. Constitution:


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