US Senators Push for Bitcoin’s Future: Innovation, Freedom, and Economic Growth 🚨

The Bitcoin 2024 conference in Nashville is attracting significant community attention. While the enthusiasm for Bitcoin is a key reason, the presence of U.S. political candidates is also a major factor. Many well-known speakers that include business people, Presidential candidates and Senators are attending this event. It looks like this conference is not just boosting the crypto morale but also helping political leaders share their feelings about Bitcoin and crypto.

No Major announcement

On day two of the Nashville conference, Senators Cynthia Lummis and Tim Scott shared the stage. In front of the large crypto audience, they spoke their hearts out. People anticipated she would announce new legislation to make Bitcoin a strategic reserve asset. When she didn’t, the crypto enthusiasts waiting for this announcement felt disappointed.

Criticizing Current Leadership

Lummis and Scott both serve on the Senate Banking Committee. They expressed frustration with the current leadership of the committee under Democrat Sherrod Brown.They claimed that Bitcoin and other innovations are blocked from making progress. Scott was particularly very vocal, stating, “We have to get rid of the folks who are in the way.”

Promise of A Pro-Bitcoin

Senator Tim Scott assured the audience that if he becomes chairman, he will push for Bitcoin friendly legislation. He guarantees that bitcoin supporting legislation will get votes and pass the Banking Committee. He also promised to fight to make this a law in the US.

SEC and Regulatory Challenges

The discussion also touched on the role of the SEC and its current chair, Gary Gensler. Both senators criticized Gensler’s enforcement-focused approach to crypto regulation. Scott didn’t mince words, promising to confront Gensler directly if he gains leadership. He said he would tell Gensler, “hit the road, Jack, and don’t you come back no more.

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