Why US Legislators Will Start Creating “Bitcoin Friendly” States

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This week, the co-moderators “Bitcoin Ambassador” CJ Wilson and “Chart Master” Steven McClurg discuss the exciting, active times in the Bitcoin sector at “Bitcoin Bottom Line”. Don’t miss the video version of this episode.

Wilson gave a behind-the-scenes look at his recent meetings with Senator Ted Cruz and other key political figures on Bitcoin legislation.

Wilson shared, “There are many things that happen between the Texas Blockchain Association and the independence values ​​of Texas bitcoiners.”

During his meeting with Senator Cruz’s office, Wilson heard about their efforts to promote Bitcoin as the currency for small cash transactions, which coincides with the original impetus for using Bitcoin for everyday spending. You have ideas to implement this through a program of machines called “Accept”.

“As more people invest the dollar-cost average in Bitcoin, it turns out to be a better and better asset for everyone involved,” said Wilson.

McClurg shared his tendencies towards HODL bitcoin while looking for ways to spend them to benefit the ecosystem. He went on to say that “Bitcoin is useful when people are actually using it in transactions,” and took the idea from Satoshi’s white paper, “Bitcoin: A Peer-to-Peer Electronic Cash System.”

Wilson continued to share his experiences in DC, making predictions that states will begin to use their own legislation to become “pro-bitcoin states”.

McClurg brought it back a few years ago, stating that “Wyoming was paramount for states making their own laws and building ecosystems, and Senator Lummis has been on the front line all along.”

“We have about six or seven critical years of these election cycles to make sure we don’t have an illiterate senator or committee making rules that stifle American prosperity,” Wilson said.

Amid a lack of financial literacy, Wilson also stated that “Bitcoin is an anti-default technology in that it is such a good form of capital and you can sell it when you need it, generally for more than you bought it when you bought it it buys. ”have held onto it long enough. This could save someone from a fiscal problem. “

Listen to the full episode to learn more about how Bitcoin is benefiting the country and what political figures are doing about it.

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