|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Senators Scott and Lummis Discuss the Future of Bitcoin and Blockchain Technology at the Bitcoin 2024 Conference
Jul 27, 2024 at 08:00 am
The Bitcoin 2024 Conference is the largest Bitcoin conference in the world with more than 20,000 attendees.
U.S. Senator Tim Scott (R-S.C.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, today joined fellow Senate Banking Committee member Senator Cynthis Lummis (R-Wyo.) on a panel entitled “For Love of Country & Bitcoin,” at the Bitcoin 2024 Conference in Nashville, Tennessee.
During the panel, Senator Scott discussed Bitcoin and blockchain technology's potential to democratize the financial world and improve financial inclusion. He also called for a fair regulatory environment for the industry that encourages innovation in the United States, not overseas.
“The ability to bring resources and opportunities and access to the marketplace, to the people who need it most, that’s what Bitcoin is about. That’s what this is about – giving the average American a chance to make their own decisions at home. No matter where you live, if you’re at the mountain top or with me in the valleys low, having a chance to democratize our financial footprint is an absolutely essential part of achieving the American Dream,” said Senator Scott. “We need a regulatory environment that understands that freedom and liberty are inseparable.”
BACKGROUND:
As the top Republican on the Senate Banking Committee, Senator Scott has pushed for a balanced approach to digital assets. At a committee hearing on digital assets, Senator Scott emphasized the importance of safe and sound financial innovation, and urged his colleagues to pursue a thoughtful approach to digital assets that protects consumers and promotes innovation and opportunity.
Senator Scott has also pushed back on efforts from the Biden administration to use digital assets as a scapegoat for its failed foreign policy which has made it easier for our enemies to finance terror.
In addition, Senator Scott supported a Congressional Review Act (CRA) resolution from Senator Cynthia Lummis (R-Wyo.) to overturn the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) 121 which made it untenable for banks to custody Bitcoin.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Solv Protocol Launches SolvBTC.JUP Liquid Staking Token, Empowering Bitcoin Investors to Earn Yield in the Solana DeFi Ecosystem
- Oct 18, 2024 at 12:20 pm
- In an innovative move within the cryptocurrency landscape, Solv Protocol has announced the launch of SolvBTC.JUP, a newly designed Liquid Staking Token tailored for Bitcoin investors.
-
- US-Based Consumers Slow Adoption of Stablecoins in 2024, Even as Bitcoin Sees Increased Activity
- Oct 18, 2024 at 12:20 pm
- The US-based consumers' adoption of stablecoins is facing a slowdown in 2024 even when there is increasing activity in Bitcoin that rose in popularity following the launch of the spot Bitcoin exchange-traded funds.