Why U.S. lawmakers will start creating “Bitcoin-friendly” states

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This week on “Bitcoin Bottom Line,” “Bitcoin Ambassador” co-hosts CJ Wilson and “Chart Master” Steven McClurg discuss exciting and active times in the Bitcoin space. Don’t miss the video version of this episode.

Wilson shared a behind-the-curtain glimpse of his recent meetings with Senator Ted Cruz and other key political figures on Bitcoin legislation.

Wilson said, “There is a lot going on between the Texas Blockchain Association and the values ​​of independence found among Texas Bitcoiners.”

During her meeting with Senator Cruz’s office, Wilson heard about their efforts to make bitcoin a currency to be used in small cash transactions, which is the initial impetus for bitcoin to be used in spending. daily. They have ideas to implement this through a program on vending machines called “Accept”.

“As more and more people use bitcoin on average, it is proving to be a better and better asset for everyone involved,” Wilson explained.

McClurg shared his HODL bitcoin trends, while looking for ways to spend it in order to promote the ecosystem. He went on to say that “bitcoin is useful if people actually use it for transactions,” taking the idea from Satoshi’s white paper, titled “Bitcoin: A Peer-to-Peer Electronic Payment System”.

Wilson continued to share his experience in Washington, voicing his predictions that states will begin to take advantage of the development of their own legislation to become “pro-Bitcoin states”.

Taking this back to a few years ago, McClurg explained how “Wyoming was a starting point for states creating their own legislation and building an ecosystem, and Senator Lummis has been at the forefront of this from the start.” .

“We have about six or seven critical years of these election cycles to make sure we don’t have an uneducated senator or committee making rules that hinder American prosperity,” Wilson said.

Amid the lack of financial education, Wilson also said that “Bitcoin is an anti-default technology because it is such a good form of capital, and you can sell if they need it, usually more expensive than it is.” they didn’t buy it if they had kept it long enough. It could save someone from a tax problem.

Listen to the full episode to learn more about how Bitcoin is benefiting the country and what politicians are doing about it.

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