US Lawmaker Likes Bitcoin — Urges Policymakers to Embrace Innovation in Regulation
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US Lawmaker Likes Bitcoin — Urges Policymakers to Embrace Innovation in Regulation

THELOGICALINDIAN - US Representative Patrick McHenry is probitcoin He is now hosting the Bitcoin whitepaper on his official aldermanic website and has alleged on added assembly to embrace addition like Bitcoin He believes that the cryptocurrency is unstoppable and governments cannot annihilate it

Pro-Bitcoin US Lawmakers

A growing cardinal of U.S. assembly accept afresh announced in abutment of Bitcoin. Among them is Congressman Patrick McHenry from the accompaniment of North Carolina. On Friday, he talked on CNBC’s Squawk Box about how to admission adjustment afterwards aftermost week’s bazaar swings. “You can’t put technology aback in the box. Innovation is here. We accept to embrace. We accept to augment admission to our markets, we accept to augment admission to our banking products,” he said.

McHenry has continued been a Bitcoin advocate. Last week, back the advocate of the self-proclaimed Satoshi Nakamoto, Craig Wright, threatened to sue a few website owners for hosting the open-source Bitcoin whitepaper on their websites, McHenry uploaded the certificate assimilate his official aldermanic website. He again tweeted:

Another pro-Bitcoin U.S. baby-kisser is Miami Mayor Francis Suarez. He uploaded the Bitcoin whitepaper assimilate the Miami burghal website afterward the Craig Wright accusation threat. “The burghal of Miami believes in Bitcoin and I’m alive day and night to about-face Miami into a hub for crypto innovation. Proud to say Miami is the aboriginal borough government to host Satoshi’s White Paper on government site,” Suarez wrote Wednesday.

Praising Suarez’s efforts in announcement Bitcoin and innovation, McHenry replied: “Impressed by what you are accomplishing in Miami, Mayor Francis Suarez. I achievement added policymakers will accompany us to abutment American innovation.”

Earlier this month, Suarez discussed putting some of Miami city’s treasury reserves in BTC and said he is alive to acquiesce payments of burghal casework in the cryptocurrency.

McHenry has said that bitcoin is unstoppable and governments should not attack to ban it. “The apple that Satoshi Nakamoto, columnist of the Bitcoin whitepaper, envisioned and others are architecture is an unstoppable force,” he said during a audition of the Committee on Financial Services in July 2019. “We should not attack to avert this innovation, and governments cannot stop this addition and those that accept approved accept already failed.” McHenry additionally emphasized: “Due to the attributes of the technology of Bitcoin, governments cannot annihilate it, nor should they.”

Last week, McHenry commented on Joe Biden’s aces for the new administrator of the U.S. Securities and Exchange Commission (SEC), Gary Gensler. He believes that the MIT blockchain professor’s acuteness to new banking technologies and cryptocurrency is positive.

The U.S. Senate additionally has a articulate bitcoin advocate. Sen. Cynthia Lummis from Wyoming has vowed to advice her colleagues in Congress accept that bitcoin is a abundant abundance of value.

What do you anticipate of pro-bitcoin U.S. politicians? Let us apperceive in the comments area below.

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