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.
"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.
Or spending cuts.
(I don't think any type of BSR will happen though)
Disgusting 🤢
Easier said than done!
https://xcancel.com/L0laL33tz/status/1854906707807531086