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A Strategic Bitcoin Reserve will be built through confiscation and taxation – and Lummis is already hard at work to make it happen.
Cynthia Lummis teamed up with Elizabeth Warren to propose the regulation of Bitcoin under anti-money laundering and counter-terrorist financing laws to "combat anonymous crypto asset transactions".
Cynthia Lummis also re-introduced the Responsible Financial Innovation Act "inspired by Senator Warren", which introduces higher penalties for "crypto asset crimes", regulates "mixers and tumblers", and increases KYC requirements.
A Strategic Bitcoin Reserve Bill cannot pass under any circumstances.
231 sats \ 1 reply \ @DarthCoin 8 Nov
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Yes. Can't let tiny wins be a distraction from what really matter.
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"Promises made, promises kept"?
People have been so delusional in claiming we have our first bitcoin president. The man is a literal multi-billionaire and he has purchased exactly 0 sats over his lifetime.
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Please see #754978
Thank you
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10 sats \ 0 replies \ @OgFOMK 8 Nov
The fear machine is refocusing.
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0 sats \ 0 replies \ @ca 9 Nov
Or spending cuts.
(I don't think any type of BSR will happen though)
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Disgusting 🤢
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Easier said than done!
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