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Always remember that, once a politician starts speaking, he's lying.
"America" is pro whatever enriches the donor class. Paper bitcoin seems to have entered that category, but I wouldn't expect that to extend to P2P bitcoin, necessarily.
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I believe that paper Bitcoin is also on a mission to manipulate the individual into not using the real Bitcoin and using paper Bitcoin because "it's safer"
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Preach!
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This is presented as a pro-bitcoin bill, but it looks like there's some crazy restrictions in there. For instance, you can't buy digital assets for more than the greater of 10% of your net worth or 10% of your annual income.

“(B) with respect to a transaction involving the purchase of units of a digital asset by a person who is not an accredited investor, the aggregate amount of all units of digital assets purchased by such person during the 12-month period preceding the date of such transaction, including the unit of a digital asset purchased in such transaction, does not exceed the greater of—
“(i) 10 percent of the person’s annual income or joint income with that person’s spouse or spousal equivalent; or
“(ii) 10 percent of the person’s net worth or joint net worth with the person’s spouse or spousal equivalent;
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0 sats \ 1 reply \ @anon 29 May
That's wild! Do you know if they're trying to apply that to standard bitcoin buys too or is that only for the ETFs of the world?
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Umm...I didn't even think of the ETFs, I thought it was for straight BTC. I could totally be mistaken though.
If I remember right the whole thing is 482 pages long. Insane.
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I hope so. Once America moves, the UK tends to follow.
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Not just the UK, but Europe mostly as well.
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0 sats \ 0 replies \ @om 25 May
America was founded on libertarian principles so America would be pro Bitcoin from the start. What we deal with instead is a fork throwing the basic principles out of the window: America Cash.
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Democrats vote in favor for elections, they could change their minds after that.
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america so weird. right hand trying to kill btc while the left hand defending btc from the right one.