Human Rights Leaders Pen Letter To US Congress For Responsible Bitcoin Legislation

2 years ago

The missive aims to enlighten the U.S. Congress connected the planetary value of Bitcoin arsenic a instrumentality for idiosyncratic and fiscal state arsenic regulators question legislation.

  • 20 quality rights leaders from 20 countries penned an unfastened missive to the U.S Congress to inquire for liable bitcoin legislation.
  • The missive was successful portion a effect to an anti-crypto missive precocious sent to Congress that opposed the thought that bitcoin brings astir affirmative fiscal innovation.
  • Notable signatories of the missive see Alex Gladsein, Yeonmi Park and Farida Nabourema.

An unfastened letter of enactment for liable bitcoin and stablecoin argumentation was released today, signed by 20 quality rights leaders from 20 antithetic countries, asking the U.S Congress to see the far-reaching implications of irresponsible legislation. The announcement came from Alex Gladstein, main strategy serviceman of the Human Rights Foundation.

“We constitute to impulse an open-minded, empathetic attack toward monetary tools that are progressively playing a relation successful the lives of radical facing governmental repression and economical hardship,” the missive explained. “We are not manufacture financiers oregon nonrecreational lobbyists but humanitarians and ideology advocates who person utilized Bitcoin to assistance radical astatine hazard erstwhile different options person failed.”

The missive is simply a nonstop effect to different letter, precocious penned by 1500 machine scientists, bundle engineers and technologists asking for “responsible” authorities for bitcoin and different cryptocurrencies. The latter, however, stated that the signatories disagree with immoderate communicative claiming bitcoin oregon stablecoins are positively affecting fiscal innovation.

“We tin personally attest — arsenic bash the enclosed reports from apical planetary media outlets — that erstwhile currency catastrophes struck Cuba, Afghanistan, and Venezuela, Bitcoin gave our compatriots refuge,” the activists’ missive argues, providing an opposing constituent of presumption to the technologists’ letter.

The activists rightly admit that galore of the authors of the anti-crypto missive are from financially privileged countries with unchangeable currency, spot rights and escaped speech. However, galore of the activistic authors from today’s missive person a vastly antithetic experience.

“To astir successful the West, the horrors of monetary colonialism, misogynist fiscal policy, frozen slope accounts, exploitative remittance companies, and an inability to link to the planetary system mightiness beryllium distant ideas,” the activists explained.

This call-to-action from humanitarian thought leaders similar Yeonmi Park (North Korea), Ricardo Herrero (Cuba Study Group) and Farida Nabourema (Togo) urges Congress to look astatine the empirical grounds shown successful the galore pieces of world lit cited successful the missive to see the proven benefits of bitcoin and stablecoins.

Those who privation to enactment the missive tin sign the unfastened missive until June 14, 2022.

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