US Politics Firmly Embraces Bitcoin

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Last Updated on 13 February 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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Although Treasury Secretary Janet Yellen is clearly still opposing Bitcoin and the cryptosphere as a whole, various US politicians from all across the spectrum are embracing Satoshi Nakamoto’s invention.

After Elon Musk announced earlier this week that he was investing some of Tesla’s sleeping cash directly into Bitcoin, politicians were quick to spot an opportunity to gain popularity with younger voters and have stated they found the idea at least interesting.

Some known crypto advocates even went further than that.

Advertentie.

Florida to New York

Andrew Yang, the New York congressman who ran for the Democratic nomination last year, is a well-known crypto-advocate and has been so for year. Reacting to Musk’s news, he stated that:

As mayor of NYC – the world’s financial capital – I would invest in making the city a hub for BTC and other cryptocurrencies.

Yang is currently leading the polls for the Democratic primary of the Mayoral contest, but of course it is still early in the race. During the presidential nomination, he was the only Democratic candidate to put forward a crypto-specific policy during his campaign, knowing that this was highly popular with younger voters.

He even proposed blockchain voting during the pandemic in order to make it safer for people who didn’t want to go to the polling booths outside of their homes.

Over in Florida, Miami Mayor Francis Suarez had recently announced that his administration would explore the idea of paying their employees at least partly in Bitcoin and investing some of the city funds in the best-known cryptocurrency.

Yesterday he was pleased to confirm that both those ideas had been put forward in an official resolution which would be voted next week.

Suarez said:

Miami is committed to promoting the emergence of Bitcoin as it continues to gain mainstream acceptance.

The cryptosphere welcomed the idea and hoped that other major US cities would follow suit.

Meanwhile Cynthia Lummis, the Republican US Senator from Wyoming who’s been a Bitcoin investor since 2013, reached across the aisle to Yang and gladly offered her help, stating:

Wish ya the best of luck keepin’ up with Wyoming. Reach out when you need to unravel the bitlicense. I know some folks who would be happy to help.