0 sats \ 1 reply \ @duvel 12 Dec 2023 \ on: Elizabeth Warren introduces bill to crack down on bitcoin by "closing loopholes" bitcoin
These insane rules could add a lot of friction to the usage and adoption of Bitcoin.
A way to counter this could be to not sell bitcoin for fiat, but at the moment you need to use it for whatever reason, e.g. you've saved for some goal, it could be you need to sell it, because perhaps you can't buy it with bitcoin (e.g. holiday, car, renovation, solar panels, etc.)
...which just highlights the importance of onboarding merchants, service providers and employers you use so you don't have to sell bitcoin, but use it in a circular economy
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