US Congressman Warren Davidson Refers to Bitcoin As ‘Sound Money Required to Defend Freedom'

Rep. Warren Davidson is pro-crypto who not only authored the Token Taxonomy Act and advised Facebook to just adopt Bitcoin but also sees BTC as digital gold and “a great store of value.”

Bitcoin has found yet another supporter in the government in the form of Rep. Warren Davidson, (R) Ohio's 8th Congressional District.

The sitting US Congressman took to Twitter on June 22nd to Tweet, “#SoundMoney is required to #DefendFreedom” with an image containing Bitcoin.

“Thank you, congressman, for your advocacy!” commented Meltem Demirors, Chief Strategy Officer of CoinShares, a crypto investment firm.

Davidson's bitcoin support isn't new: he is a familiar figure in the crypto world for authoring the Token Taxonomy Act.

Last year, he not only said that Facebook should drop its Libra plans and adopt Bitcoin but also used the term “shitcoin” during the congressional hearing related to facebook's so-called cryptocurrency.

Earlier this month, Davidson appeared on the “Unchained” podcast with Laura Shin, where he talked about how, due to issues in international payments, he was introduced to DigiCash and then came to know about the “pretty elegant solution” bitcoin.

Although he doesn't own any BTC himself, he views Bitcoin “kind of like digital gold versus a true currency. I think it's a great store of value.”

But unlike Davidson, President Trump is not a Bitcoin supporter as we got to know when he explicitly tweeted about a year back that he isn't a “fan of Bitcoin and other Cryptocurrencies.”

At that time, he said they are not money; instead, cryptos are based on speculation and are highly volatile, which are used to facilitate unlawful behavior.

Then we came to know last week that Trump was wary of the world's leading digital currency as early as in May 2018. It was revealed in the book “The Room Where It Happened” by former national security advisor John Bolton that Trump told Treasury Secretary Steven Mnuchin to “go after Bitcoin” in a meeting about China.

Crypto also featured in White House's budget proposal for the fiscal year 2021. Where moving the secret Service from the Department of Homeland Security to the Treasury Department was proposed, which would “create new efficiencies” in preparing the US to face “the threats of tomorrow,” such as the use of cryptos to finance terrorism.

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AnTy
AnTy
AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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