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Raquel Terán

Democrat Political Figure from Arizona, 3

Notable statements

Quoted from on Mar 29th, 2023

Senator Raquel Terán in the Arizona Senate voted against SB1239 - which would allow state agencies in Arizona to enter into agreements with cryptocurrency service providers to accept cryptocurrency as a method of payment for various obligations due to the state, including fines, taxes, fees, and other assessments. The bill outlines the terms and conditions for such agreements, including the handling of service fees and the liability of the payer until the state receives full payment. It also defines "cryptocurrency" and "cryptocurrency service provider" for the purposes of these transactions. The bill amends current law by adding the option for the Arizona Department of Revenue (ADOR) to accept cryptocurrency for tax payments, in addition to the existing methods such as bank drafts, checks, and electronic funds transfers. It also redefines the term "cryptocurrency issuer" to "cryptocurrency service provider" and specifies that such a provider must have experience converting cryptocurrency to legal tender.

Very anti-crypto
Quoted from on Mar 6th, 2023

Senator Raquel Terán in the Arizona Senate voted against SB1191 which amends Arizona Revised Statutes related to escrow agents, specifically regarding the permissible forms of deposit into an escrow account. The bill introduces the option for escrow agents to accept deposits via distributed ledger technology transfers within a secure network of federally insured depository institutions. These transfers must be recorded on a ledger and securely deposited in the escrow agent's depository account. The depository institution must settle these transfers using an established national clearing house network, but the transfers cannot be settled or backed by a central bank digital currency. The transfers must be fully settled, irrevocably credited, and transferred in U.S. dollars. Additionally, the value of the transferred digital asset must be backed by U.S. dollars and redeemable on a one-to-one basis. The definition of "distributed ledger technology" is also provided, emphasizing that the ledger must be tamper-resistant and protected with cryptography.

Very anti-crypto