2 years ago
U.S. Congressman Pete Sessions says bitcoin is aligned with American values and volition fortify the U.S. dollar. The lawmaker further noted that the cryptocurrency “is trending to beryllium a much resilient alternate enactment to hedge against fiat-currency inflation.”
Rep. Pete Sessions Sees Merit successful Bitcoin
U.S. Representative Pete Sessions tweeted astir bitcoin respective times this week. Sessions represents Texas’ 17th Congressional District and has served successful the U.S. House of Representatives for 11 terms.
On Friday, helium wrote that bitcoin is aligned with American values and volition fortify the U.S. dollar.
Many Twitter users replied to the lawmaker expressing a wide scope of opinions. Some agreed with him astir BTC being aligned with American values but disagreed that the cryptocurrency volition fortify the U.S. dollar.
The Chamber of Digital Commerce replied to Sessions: “Thank you for your enactment and enactment … We couldn’t hold more!” Blockchain Investment Group laminitis Eric Weiss said, “Pete gets it.” Core Scientific laminitis Darin Feinstein told Sessions that helium is “100% correct.”
Morgan Creek Digital Assets co-founder Anthony Pompliano wrote: “Bitcoin embodies the American ethos of escaped markets and escaped speech.” The New York Times bestselling writer Mark Jeffrey suggested, “The U.S. Treasury should statesman stockpiling bitcoin reserves immediately,” tagging President Joe Biden and Treasury Secretary Janet Yellen successful his tweet.
Another Twitter idiosyncratic argued, “Bitcoin is aligned with American values, the dollar is not.” A fig of radical stressed that bitcoin volition destruct the U.S. dollar.
Sessions besides tweeted astir bitcoin being a hedge against ostentation earlier this week. “Inflation is taxation connected each American,” helium wrote, emphasizing that “CPI roseate 7.9% done February — the fastest gait of yearly ostentation successful 40 years.” The lawmaker from Texas added:
Bitcoin is trending to beryllium a much resilient alternate enactment to hedge against fiat-currency inflation.
In December past year, Sessions urged Congress to beryllium supportive of the crypto manufacture aft the apical executives of six large crypto companies testified earlier the House Committee connected Financial Services. Commenting connected the hearing, Sessions said: “I americium tremendously impressed. I spot a batch of ingenuity, a batch of entrepreneurial spirit. We request to beryllium supportive of you.”
The lawmaker subsequently tweeted:
My anticipation is that Congress volition enactment with the integer plus marketplace successful its infancy to assistance Americans prosper and advancement america guardant arsenic leaders connected the satellite stage.
In February, Sessions reportedly appointed Indian-American Himanshu B. Patel arsenic the main economical improvement and vigor infrastructure advisor for his crypto method moving group.
What bash you deliberation astir Congressman Pete Sessions’ comments? Let america cognize successful the comments conception below.
Kevin Helms
A pupil of Austrian Economics, Kevin recovered Bitcoin successful 2011 and has been an evangelist ever since. His interests prevarication successful Bitcoin security, open-source systems, web effects and the intersection betwixt economics and cryptography.
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