A Strategic Bitcoin Reserve will be built through confiscation and taxation – and Lummis is already hard at work to make it happen.
Cynthia Lummis teamed up with Elizabeth Warren to propose the regulation of Bitcoin under anti-money laundering and counter-terrorist financing laws to "combat anonymous crypto asset transactions".
Cynthia Lummis also re-introduced the Responsible Financial Innovation Act "inspired by Senator Warren", which introduces higher penalties for "crypto asset crimes", regulates "mixers and tumblers", and increases KYC requirements.
A Strategic Bitcoin Reserve Bill cannot pass under any circumstances.
Yes. Can't let tiny wins be a distraction from what really matter.
Or spending cuts.
(I don't think any type of BSR will happen though)
"Promises made, promises kept"?
People have been so delusional in claiming we have our first bitcoin president. The man is a literal multi-billionaire and he has purchased exactly 0 sats over his lifetime.
Please see #754978
Thank you
The fear machine is refocusing.
Disgusting 🤢
Easier said than done!
https://xcancel.com/L0laL33tz/status/1854906707807531086