“At the Bitcoin Policy Summit in Washington DC today, U.S. Congressman Patrick McHenry (R-NC) underscored the significance of the United States taking a forefront position in Bitcoin, rather than trailing behind. During a fireside chat with Club for Growth President David McIntosh, McHenry emphasized the unstoppable nature of Bitcoin and the necessity for policymakers to grasp its complexities.
McHenry, a proponent of financial innovation and technology, stressed the importance of educating fellow lawmakers about Bitcoin. He highlighted the challenges of regulating a technology that is often misunderstood, pointing out the futility of attempting to hide transactions in a public ledger like Bitcoin’s.
The congressman urged policymakers to read Satoshi Nakamoto’s Bitcoin white paper to gain a deeper understanding before crafting legislation. He noted that misinformation has led to misguided legislative efforts, emphasizing the need for informed discussions and decision-making.
Overall, McHenry’s message at the Bitcoin Policy Summit conveyed a sense of urgency and opportunity for the U.S. to lead in the Bitcoin revolution, paving the way for a dynamic future in finance and technology.”
Source link
