In Bitcoin, we trust! To UNITED STATES, The tone is set. For several months, the Joe Biden government has launched a muscular offensive against cryptocurrencies. There Securities and Exchange Commission, in particular, is responsible for making life difficult for companies in the sector. Thus, many platforms, Coinbase or even Binance, to name only the most emblematic, regularly confront the American financial policeman. The regulatory pressure is such that these companies are considering, under duress, leaving Uncle Sam’s country for more lenient jurisdictions. However, it exists in the political landscape of the USAmen and women who take up the cause for Bitcoin and cryptoassets.
Let them expose themselves on the front of the media scene, or they act more discreetly within regulatory bodies, all try in their own way to defend cryptocurrencies on American soil. Let’s find out who they are and what their concrete actions are in favor of the ecosystem.
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Robert Kennedy Junior, Bitcoin to protect Americans against inflation
Although mainly known for its commitment to the environment and public health, Robert Kennedy Junior expressed support for Bitcoin and cryptocurrencies as a means of protection against inflation. Its stance in favor of crypto-assets is based on their decentralized nature and the potential of these virtual currencies to serve as a refuge in times of economic uncertainty.
Although he has not directly participated in specific bills, his statements have helped broaden the debate about the potential benefits of cryptocurrencies. In particular, he proposed toindex the dollar again on gold and on Bitcoin. In addition, JFK’s nephew wants to eliminate taxes on capital gains made on bitcoin, if he is elected to the White House.
Ted Cruz, stimulating the American economy thanks to cryptos
THE senator from Texas has distinguished itself as an advocate for technological innovation and balanced regulation in the cryptocurrency space. Cruz has repeatedly expressed his support for blockchain technology and digital assetshighlighting their potential to stimulate the American economy and create new opportunities for entrepreneurs and investors.
In a 2021 Senate speech, Ted Cruz highlighted the benefits of blockchain technology in terms of data security and reduced transaction fees. He also addressed concerns about excessive regulation, warning against adopting measures that could stifle innovation and hinder the development of the cryptocurrency industry.
As an active member of the Senate Finance Committee, Cruz participated in the development of bills aimed at establishing a clear regulatory framework for digital assets. He participated in the Blockchain Promotion Act bill in 2019, which aimed to encourage research and development in the field of blockchain.
In 2022, Ted Cruz reiterated his support for Bitcoin and more particularly mining, which he wants to facilitate in his state, Texas.
Francis Suarez, Miami at the center of the crypto ecosystem
THE mayor of Miami has quickly established itself 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 resolutely focused on the future, Suarez seeks to make miami a true center of innovation and a paradise for cryptocurrency businesses.
One of Suarez’s signature initiatives is his proposal to allow citizens to pay their taxes and government fees in Bitcoin. In 2021, he also announced plans to hold the city’s cash reserves in Bitcoin, highlighting the cryptocurrency’s potential as a store of value. These moves generated considerable enthusiasm in the crypto community and put Miami in the industry spotlight.
Francis Suarez also explored the possibility of transforming Miami into a technology hub for blockchain and fintech companies. By collaborating with entrepreneurs and investors in the sector, he has demonstrated his desire to establish successful partnerships and foster innovation.
Some time a candidate for the 2024 presidential election, he nevertheless decided to withdraw from the race for the White Housedue to an insufficient number of voting intentions.
Cynthia Lummis, the voice of reason
The senator Cynthia Lummis of Wyoming State is an emblematic figure in the promotion of Bitcoin within the American government. She was elected in 2020 and is committed to raising awareness among her colleagues of the potential of Bitcoin as a store of value. Lummis launched the Senate Cryptocurrency Task Force to educate his peers on the benefits of this technology and to develop innovation-friendly regulations.
His commitment to blockchain technology and his belief in the value of Bitcoin as store of wealth marked a significant presence in political and legislative discussions.
She has repeatedly expressed that Bitcoin can serve as a hedge against inflation and a means to diversify financial portfolios. His leadership role on the working group aims to help develop regulations that support innovation while protecting consumers.
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Ron DeSantis, Bitcoin lawyer against the MNBC
Ron DeSantis, Governor of Florida, is a convinced and committed defender of cryptocurrencies. Under his tenure, Florida has become one of the states most open to blockchain technology and digital assets. DeSantis has expressed interest in using cryptocurrencies to boost the state’s economy and attract innovative companies.
In this sense, DeSantis raised the possibility of accepting Bitcoin as a means of payment for utilities and taxes in Florida. This proposal is in line with efforts by other political figures, such as the mayor of Miami, to integrate cryptocurrencies into government operations.
THE governor of Florida turns out to be a fierce opponent of central bank digital currencies. He considers the latter as a danger to the freedom of citizens Americans and their private lives. DeSantis therefore established a bill to protect consumers and businesses against MNBCs which he promises to ban completely if he is elected president of the United States.
Patrick Toomey, facilitating the use of cryptocurrencies on a daily basis
Patrick Toomey, senator from Pennsylvania, has distinguished himself as a defender of economic freedom and innovation in the cryptocurrency sector. Her favorable approach towards blockchain technology and digital assets is part of its overall commitment to responsible regulation that allows the industry to grow while protecting consumers.
Member of the Senate Banking Committee, Housing and Urban Affairs, Toomey participated in key discussions on cryptocurrency regulation. He worked on the 2019 Blockchain Promotion Act bill, which aimed to promote blockchain research and development.
Toomey has also supported initiatives to provide clear guidelines for taxpayers regarding the taxation of cryptocurrency transactions. He advocated for regulations that facilitate tax compliance without stifling cryptocurrency users. In this sense, in 2022, he proposed that the Personal crypto purchases of less than $50 are exempt from tax reporting and tax.
Now retired, Mr. Toomey presented a final bill in which he designed a regulatory framework to protect user funds without restricting innovation.
Eric Adams, a crypto hub 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. He also converted his first three months of salary in bitcoin and ether.
The mayor also distinguished himself by taking fact and cause for bitcoin mining. In 2022, the assembly of theNew York State imposed a two-year moratorium on crypto companies in order to study the environmental impact of this activity.
Adams discussed the possibility of using blockchain technology to modernize municipal services and facilitate transactions. To date, initiatives in this direction have yet to materialize.
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Wendy Rogers, pro-Bitcoin to the end
Wendy Rogers, Senator from Arizona, has established itself as a pro-cryptocurrency voice on the American political scene. She recognized the potential benefits of blockchain technology and cryptocurrencies for the economy and society. Rogers has advocated for clear, innovation-friendly regulation of digital assets.
In 2022, Wendy Rogers introduced a bill to allow state agencies to receive payments in cryptocurrencies. She also campaigned for tax exemption on digital assets.
Rogers also proposed that the Bitcoin becomes legal tender in his state. She presented a bill to this effect at the beginning of 2023.
As Arizona Representative, Wendy Rogers takes an active role in promoting blockchain technology and cryptocurrencies in the legislature. His commitment to responsible regulation and innovation could influence future national cryptocurrency policy debates.
In conclusion, the American political landscape has a growing number of figures who have spoken out in favor of Bitcoin and cryptocurrencies. From raising awareness to creating actionable bills, these individuals are helping shape the regulatory future and acceptance of this innovative technology within American society.
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