BTC helped us unseat a 20+ year incumbent: Aarika Rhodes on Bitcoin Day

Aarika Rhodes, an simple schoolhouse teacher-turned legislature candidate, precocious featured successful the Bitcoin Day Sacramento 2022 lawsuit to sermon the interaction of Bitcoin (BTC) successful section politics. 

Speaking to Cointelegraph, Rhodes highlighted the trouble for grassroots candidates similar herself to vie against established members of the US Congress.

— Aarika for CA-32 (@AarikaRhodes) November 30, 2021

“If it wasn’t for Bitcoin and the Lightning Network, a grassroots run similar ours wouldn’t person made it this acold with the magnitude of currency connected manus astatine this signifier successful the race, particularly arsenic a full-time simple schoolhouse teacher,” she explained. Speaking astir her run specifically, Rhodes added:

“It [BTC] has made america viable successful our effort to unseat astatine 20+ twelvemonth incumbent.”— Aarika for CA-32 (@AarikaRhodes) February 19, 2022

Rhodes besides believes that the relation of section businesses successful expediting BTC’s mainstream adoption is “a elemental substance of economics.” By allowing tiny and mean businesses to judge BTC payments, the assemblage refrains from making Bitcoin purchases elsewhere, and according to the legislature candidate, is simply a means to revitalize the section economies.

It’s good to clasp elected officials accountable. They should pb by example. If we’re truly superior astir making things better, integrity and accountability are important.

— Aarika for CA-32 (@AarikaRhodes) February 20, 2022

As a full-time simple schoolhouse teacher, Rhodes is simply a front-row witnesser to the fiscal and societal struggles faced by students, families and educators:

“As a teacher who lives paycheck to paycheck with nary household money, I’m risking everything to unseat an incumbent who presently has a small little than $4 cardinal currency connected hand. We don’t request millions of dollars to win.”

Rhodes besides highlighted a deficiency of knowing among politicians who presently reason and fearfulness Bitcoin adoption. “Those who are taking the clip to learn, are starting to recognize that it’s the future,” she added. Moreover, Rhodes believes that an integrated Bitcoin Lightning web could mitigate the cashflow shortage and marketplace saturation faced astatine the highest of the coronavirus pandemic.

“Politicians who reason Bitcoin are of the aforesaid marque arsenic those who opposed the Internet. It’s besides an indicator of wherever they’re getting their money.”

Rhodes further reiterated that the accepted system, coupled with the out-of-touch mindset of American politicians, is designed to support radical impoverished, concluding:

“I privation america to retrieve who we enactment for: the American people. I’m committed to putting each bully ideas connected the array and risking everything to marque a difference. I’m excited to spot others doing the same.”

Related: Fed elder officials volition soon not beryllium allowed to commercialized crypto, stocks and bonds

Just 2 days back, the Federal Open Market Committee (FOMC) approved a ruling that bans elder officials astatine the Federal Reserve from purchasing and holding cryptocurrencies and different investments.

FOMC formally adopts broad caller rules for concern and trading activity: https://t.co/NOPJbWwCdn

— Federal Reserve (@federalreserve) February 18, 2022

As Cointelegraph reported, FOMC announced that, starting May 1, elder Federal Reserve officials supra the property of 18 are “prohibited from purchasing idiosyncratic stocks oregon assemblage funds; holding investments successful idiosyncratic bonds, bureau securities, cryptocurrencies, commodities, oregon overseas currencies; entering into derivatives contracts; and engaging successful abbreviated income oregon purchasing securities connected margin.”