It has been just revealed the fact that the US government is feeling threatened by Bitcoin, according to the latest reports. Check out the new details on the matter below.
US government is feeling threatened by Bitcoin
Presidential candidate Vivek Ramaswamy claims that the US government is hesitant to fully embrace Bitcoin (BTC) because it perceives the top cryptocurrency as a threat to its existence.
In a recent interview on the What Bitcoin Did podcast, Ramaswamy explained that Senator Elizabeth Warren’s (D-Mass.) resistance to Bitcoin is due to a different perspective.
Warren, a vocal critic of cryptocurrency, is promoting the Digital Asset Anti-Money Laundering Act. However, blockchain advocates believe that this bill would impose a de facto ban on digital assets in the United States.
According to Ramaswamy, the worldview shared by Warren and the US government is vastly different from that of ordinary citizens.
”Those of us who are having this conversation believe that we, as individuals, create a government that’s accountable to us.
The alternative worldview, to understand it, is that the state predates the individual. Your rights come from the government. They’re not independent of that and so this proposes a threat to the existence of that state. Then, it’s perfectly within the rights of the state to come after and prevent that from existing.”
Ramaswamy says that people who are seeking support for digital assets are mistaken in thinking that educating politicians will change their view on crypto.
“The problem isn’t that they don’t know what Bitcoin represents. It’s that they do, and that’s actually what creates the anaphylactic response.”
The presidential candidate has announced that he will raise the topic of Bitcoin during the debates.
He has informed the moderators of the Republican Party about it and emphasized the need to discuss it. He has also stated that if the moderators fail to bring up the issue, he will do it himself.
