Given the confrontation of many crypto platforms with the US financial police, a number of politicians have emerged willing to defend Bitcoin and other crypto assets.
In Bitcoin we trust! In the United States, the tone is set. For several months now, many platforms, Coinbase or even Binance, to name only the most emblematic, periodically confront the US Securities and Exchange Commission. Regulatory pressure is such that these companies are considering, under duress, leaving Uncle Sam’s country for more lenient jurisdictions.
However, there are men and women in the US political landscape. who defend the cause of Bitcoin and crypto assets. Whether they are exposed to the front of the media stage or act more discreetly within regulatory bodies, everyone tries in their own way to defend cryptocurrencies on American soil. Below, it is found out who they are and what their specific actions are in favor of the ecosystem.
Robert Kennedy Jr., Bitcoin to Protect Americans Against Inflation
Although mainly known for his commitment to the environment and public health, Robert Kennedy Jr. has expressed his support for Bitcoin and cryptocurrencies as a means of hedging against inflation.
His stance in favor of cryptoassets is based on their decentralized nature and the potential of these virtual currencies to serve as a refuge in times of economic uncertainty. He proposed re-indexing the dollar with gold and Bitcoin. Additionally, JFK’s nephew wants to eliminate taxes on capital gains made with bitcoin if he is elected to the White House.
Ted Cruz, Stimulating the American Economy Thanks to Cryptocurrencies
The Texas senator has stood out as an advocate for technological innovation and balanced regulation in the cryptocurrency space. Cruz has repeatedly expressed his support for blockchain technology and digital assets, highlighting their potential to boost the American economy and create new opportunities for entrepreneurs and investors.
In 2022, Ted Cruz reiterated his support for Bitcoin and, more specifically, mining, which he wants to facilitate in his state, Texas.
Francis Suarez, Miami at the Crypto Ecosystem Center
Miami mayor quickly established himself as a pioneer in the integration of cryptocurrencies and blockchain technology into the urban fabric. The councilor even receives his salary in bitcoins. With a vision firmly focused on the future, Suárez seeks to make Miami a true center of innovation. As well as a paradise for businesses related to cryptocurrencies.
One of Suárez’s signature initiatives is his proposal to allow citizens to pay their taxes and government fees in Bitcoin. By collaborating with entrepreneurs and investors in the sector, he has demonstrated his desire to establish successful partnerships and foster innovation.
Cynthia Lummis, the Voice of Reason
Senator Cynthia Lummis of the state of Wyoming is an iconic figure in promoting Bitcoin within the US government. She was elected in 2020 and is committed to raising awareness among her colleagues about Bitcoin’s potential as a store of value.
She has repeatedly expressed that Bitcoin can serve as a hedge against inflation and as a means to diversify financial portfolios. His leadership role on the task force aims to help develop regulations that support innovation while protecting consumers.
Eric Adams, a Crypto Center in New York
Elected mayor of New York in 2021, Eric Adams has shown a clear interest in exploring the possibilities offered by blockchain technology and cryptocurrencies. In 2022, the New York State Assembly imposed a two-year moratorium on crypto businesses in order to study the environmental impact of this activity.
By Audy Castaneda
