BREAKING: U.S. Congressman @WarrenDavidson has just introduced the Keep Your Coins Act, protecting the ability to act as a self-custodian and conduct peer-to-peer transactions by prohibiting any agency from impairing this right.
#bitcoin
The SBR EO is more bullish than most onlookers were anticipating:
“The Secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring additional bitcoin, provided that those strategies have no incremental costs on American taxpayers.”
Elizabeth Warren is wrong. #Bitcoin doesn't undermine America's national security. It spreads freedom and human rights.
Here's an excerpt of a letter @bitcoinpolicy sent the Treasury Department explaining why: 🧵
Today, human rights leaders from 20 countries told Congress how bitcoin & stablecoins aid in the struggle for global freedom.
The letter was signed by some of the most respected activists in the world, whose stories deserve attention. 🧵 (1/6)
Looks like Paraguay may be the next nation to make #bitcoin legal tender. The entire country is powered by hydroelectric dams that generate 63 billion kWh/year. Paraguay sells roughly 77% of this energy, incurring significant transport costs. #bitcoin mining in Paraguay anyone?
The U.S. could buy $39 billion worth of Bitcoin immediately, using the Exchange Stabilization Fund’s net position.
This would be budget-neutral and wouldn’t require Congressional approval.
The letter that prompted the upcoming Congressional hearing on #bitcoin mining and the environment is riddled with inaccuracies.
The Bitcoin Policy Institute is sending this rebuttal to Congress to set the record straight.
JUST IN - Bitcoin Policy Institute memo debunks claims that #Bitcoin will help Russia evade sanctions, argues that BTC helps individuals in Ukraine and Russia.🧵
The House is holding a hearing on PoW mining this Thursday. The Bitcoin Policy Institute is submitting this fact sheet to the House.
They're also submitting a longer statement, emphasizing the need to weigh #bitcoin's value to society in these conversations.