US legislators see China's authoritarian approach to crypto as a great opportunity-regulation
US legislators see China's authoritarian approach to crypto as a great opportunity-regulation
Several US legislators see China's authoritarian approach to cryptocurrencies, including Bitcoin, as "a perfect opportunity for American leadership in the field of cryptocurrency". A senator noted that this was "a memory of our enormous structural advantage over China".
US legislator comment on China's cryptocurrency crackdown
After the latest news from Chinas Cryptocurrency have shared several US legislators their views on the situation.
Senator Pat Toomey from Pennsylvania said:
China's authoritarian approach to crypto, including Bitcoin, is a great opportunity for the United States. It is also a memory of our enormous structural advantage over China.
"Beijing is so hostile to economic freedom. You cannot even tolerate that your employees have been participating in the most exciting innovation in the financial sector for decades," he added. "Economic freedom leads to faster growth and ultimately to a higher standard of living for everyone."
The Pro-Bitcoin Senator from Wyoming, Cynthia Lummis, who tried to raise your colleagues in the congress Target = "_ blank" href = "https://news.bitcoin.com/us-senator-cynthia-lummis-congress-bitcoin-great-store-of-value/" Rel = "Noopener"> Super Werwahnung she interfered. She wrote to Toomeys tweet: “Gradually, then suddenly. Keep the training on the hill. It spreads. ”
The Member of the congress Tom Emmer from Minnesota said: "Digital. Authorism. China forces its citizens away from the decentralized currency and towards the digital yuan so that the KPCH can pursue all money movements. You fear big brother? The chairman of the Federal Reserve, Jerome Powell, recently said that the Fed soon one Publish discussion paper on a digital central bank currency (CBDC). Emmer continued:
open. Without permission. Private. When China prohibits it, you know that it is worth fighting for it.
The US representative Warren Davidson from Ohio described: "America has an incredible opportunity to protect personal digital wallets, use real distributed Ledger technology and to strengthen our advantage over China's authoritarian party."
The mayor of Miami, Francis Suarez, who tries to make his city one Bitcoin hub He emphasized: "The Bitcoin ban in China is a massive mistake with effects that will be felt over generations. Your loss is our win and America can and will lead the future by offering Bitcoin miners and everyone who builds on / with / for Bitcoin, a clean home.
The congress member Patrick Mchenry from North Carolina agreed to the mayor of Miami. "You are just right, Mayor Francis Suarez," he replied to the mayor's tweet and emphasized:
China's decision to limit access offers a perfect opportunity for American leadership in the field of cryptocurrency.
Do you agree to these US legislators? Let us know in the comment area below.
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