Will More People in Power Endorse Bitcoin?
Several hours ago, a prominent US politician made note of Bitcoin on social media. Congressman Tom Emmer (R) of Minnesota's 6th district shot out a Tweet regarding Bitcoin.
Unlike other prominent figureheads tweeting about Bitcoin recently, this was not a hack or tweet about a giveaway. Instead it was an endorsement of sorts.
Bitcoin isn't the problem. Centralized control is.â Tom Emmer (@RepTomEmmer) July 16, 2020
Bitcoin & Politics
Many in US politics have made negative comments regarding Bitcoin, including President Trump who famously declared on Twitter: " I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity...."
There have been a few others that have said some moderately positive things about Bitcoin. This includes Kentucky Senator Rand Paul and former US presidential candidate Rick Perry.
In an interview to Bloomberg Senator Paul has said: " "I've been fascinated by the concept of it, but I never would have purchased it myself."
Rick Perry has said that he "supports regulatory breathing room" in an interview with the New York Observer.
It seems that the more time passes, and the more Bitcoin matures, the more fans it will have in government. Perhaps in the future we will see more congressmen and senators praise the cryptocurrency.
Written by Jonathan Ganor
Writer & cryptocurrency aficionado