SAB 121 House Joint Resolution
This bill is very pro-crypto.
voted for
Warren Davidson
Republican Congressperson from Ohio, 8
Notable statements
CBDC Anti-Surveillance State Act
This bill is somewhat pro-crypto.
cosponsored
FIT21
This bill is very pro-crypto.
cosponsored
Warren Davidson
@WarrenDavidson
What will happen with markets? The last time the planet had this much debt was the end of World Word Two when the global monetary system was reset at Bretton Woods.
All major central banks have spent years developing Central Bank Digital Currency and they all know their cx.com/i/web/status/1…rx.com/FinanceLancelo…C as a solution to a problem they have the ability to trigger.
The biggest banks are generally the biggest globalists. The biggest banks are almost 100% aligned with the central banks. Collectively, they can trigger a crisis at will.
Rationally, they should oppose such a crisis, but if there is one we already know they will blame President Trump. On the back end, gold markets are likely counters to defend the US dollar and our own markets.
Proceed with caution. Have a plan.
Pending Analysis
Warren Davidson
@WarrenDavidson
RE: Stablecoin Legislation
Commodity Backed Stable Coins (CBSC) must exist and be protected by laws recognizing them as payment stable coins. They are backed 1:1 with physical custody of the commodity, so they are priced based on the real-time market price for the commodity.
x.com/i/web/status/1…d (PAXG) is an asset-backed token where one token represents one fine troy ounce of gold, stored in secure vaults and audited by NY DFS. Anyone who owns PAXG has ownership rights to that gold. Since PAXG represents physical gold, its value is tied directly to the real-time market value of that physical gold.
Traditional stablecoins are great but somewhat less compelling - essentially tokens valued at $1 and backed by $1 worth of US treasuries. An example is GUSD. Every single GUSD in circulation is fully backed by cash or cash equivalents held across bank accounts, money market funds, and US treasury bills. Gemini customers can always redeem 1 GUSD for $1 on Gemini at any time.
Tokenized payments on blockchain have advantages. Nevertheless, if these assets remain account-based, their utility is more limited than when held in self-custody. Stablecoin legislation must protect self-custody. Companies want to engage in real-time settlement, including cross-border payments. Self-custody is the only way to make that happen. Everything else simply swaps one intermediary for another. Protect self-custody.
PS:
I remain strongly opposed to CBDC - Central Bank Digital Currency.
Very pro-crypto
Warren Davidson
@WarrenDavidson
Why would anyone prefer a stablecoin to traditional bank deposits?
1) Banks have fractional reserves. Although the risk of a bank default is normally small, cases like Silicon Valley Bank exist. Stablecoins are fully reserved with audited balances of 1:1 or higher.
2) Sx.com/i/web/status/1…ins enables permission-less (no intermediary) payments essentially at the speed of light.
Thus, banks, bank regulators, and traditional payment processors have lobbied aggressively to either block, stall, or undermine legal clarity for stablecoins.
Congress should do the right thing: pass legal clarity for a time-tested, state-regulated regime, and protect self-custody.
Very pro-crypto
Warren Davidson
@WarrenDavidson
@deepankargang @BitcoinPierre Lots of receipts. Nevertheless, own whatever you like. But, no CBDC for America. pic.x.com/SAoaNOOhl5
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @Cointelegraph: 
BREAKING: Court lifts OFAC sanctions on Tornado Cash, marking a major win for crypto privacy advocates. https://t.co/D…
BREAKING: Court lifts OFAC sanctions on Tornado Cash, marking a major win for crypto privacy advocates. https://t.co/D…Pending Analysis
Warren Davidson
@WarrenDavidson
@GordonGekko_CVP No CBDC. No UBI. We will have voter ID, and do in much of the country. Eventually good policy makes good politics, so the income tax is doomed.
Very pro-crypto
Warren Davidson
@WarrenDavidson
Like all major central banks, the Federal Reserve is developing a Central Bank Digital Currency (CBDC). CBDC corrupts money into a tool for surveillance, coercion, and control.
The Fed must be banned from designing, developing, building, establishing, or OUTSOURCING a CBDC.
No CBDC for America.
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @Rep_Davidson: The people want freedom to own and transact, not @SenWarren’s "War on Crypto".
More freedom.
Less government.
Sound mo…
Very pro-crypto
Warren Davidson
@WarrenDavidson
An exceptional choice by @realDonaldTrump to lead on crypto, AI, and financial innovation. Congratulations @DavidSacks! I look forward to working with you. x.com/DavidSacks/sta…
Very pro-crypto
Warren Davidson
@WarrenDavidson
When I was first elected, #BTC was less than $600. Yesterday, it surpassed $100,000. Nevertheless, Congress and regulators haven’t been listening.
Finally, we will have momentum to provide legal clarity, protect self-custody, ban CBDC, and more!
Congrats to all who HODL! pic.x.com/ryFBjXhKgL
Very pro-crypto
Warren Davidson
@WarrenDavidson
Anyone attacking self-custody opposes individual freedom. They want someone to control your assets on their behalf.
Pass the Keep Your Coins( KYC) Act to protect self-custody.
This is the best safeguard against CBDC or default by third-party custodians (like FTX or BlockFi). x.com/RonwHammond/st…
Very pro-crypto
Warren Davidson
@WarrenDavidson
DeFi needs the #KeepYourCoins Act to protect self-custody, not traditional Know Your Customer (KYC) enforcement that's completely unworkable with much of the architecture.
We need leaders at Treasury and the SEC who understand the tech and will help create the DeFi future. x.com/twobitidiot/st…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Obviously, #Agenda47 opposes a CBDC.
Given that the Federal Reserve is actively building a CBDC (literally hiring programmers), this looks bad for Warsh for both Treasury and the Fed.
Nevertheless, whomever is selected must oppose CBDC - even if previously receptive. x.com/twobitidiot/st…
Very pro-crypto
Warren Davidson
@WarrenDavidson
CBDC is what globalists have in store. Watch for a central bank and bank regulator led financial crisis, where the only solution they offer is CBDC.
Be prepared. #NoCBDC - even if America is the lone survivor. x.com/BGatesIsaPysch…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Very pro-crypto
Warren Davidson
@WarrenDavidson
Very pro-crypto
Warren Davidson
@WarrenDavidson
@tomato_thereal No CBDC.
Very pro-crypto
Warren Davidson
@WarrenDavidson
CBDC or bust? cnbc.com/2024/10/21/rip…Very pro-crypto
Warren Davidson
@WarrenDavidson
Self-custody is the litmus test for digital assets. Anyone opposing self-custody wants a third party they can control to have custody and control of your assets.
#KeepYourCoins x.com/WarrenDavidson…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Central Bank Digital Currency (CBDC) is the creepiest surveillance tool ever developed. It corrupts money from its proper role as a stable store of value and efficient means of exchange into a tool for surveillance, coercion, and control. #BanCBDC pic.x.com/aAENsSjrFx
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @NeerajKA: Here’s @WarrenDavidson responding to ideas around mandating surveillance for DeFi participants put forward by some of his col…
Very pro-crypto
Warren Davidson
@WarrenDavidson
War vs Peace
CBDC vs Sound Money
Censorship vs Free Speech
Amnesty vs Citizenship
Tyranny vs Freedom
To save America, we must restore a government small enough to fit within the Constitution.
More freedom.
Less government.
Sound money.
Secure borders.
More freedom.
Less government.
Sound money.
Secure borders.Very pro-crypto
Warren Davidson
@WarrenDavidson
Central Bank Digital Currency (#CBDC) is the creepiest surveillance tool ever developed. It corrupts money from its proper role as a stable store of value and efficient means of exchange into a tool for surveillance, coercion, and control.
@realDonaldTrump plans to ban CBDC. The Biden-Harris regime is already working to implement it.
PS: The proper role is not happening, thus the rise in hard assets. Sound money is essential to defending freedom.
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @jchervinsky: During the DeFi hearing, Rep. Casten argued that the developer of a neutral tool should be liable for third-party bad acto…
Very pro-crypto
Warren Davidson
@WarrenDavidson
My theory? @GaryGensler is mocking the entire sector. As Biden-Harris dishonestly tout a crypto-reset, he’s boasting and gloating, “I’m still here.”
Only a fool would believe their words when their deeds reveal a very intentional effort to undermine the sector by preventing legal clarity and pushing endless regulation by enforcement.
Very pro-crypto
Warren Davidson
@WarrenDavidson
Central Bank Digital Currency (CBDC) is a dystopian corruption of money from its proper role as a stable store of value and efficient means of exchange into a creepy surveillance tool designed for coercion and control.
#BanCBDC x.com/CynthiaMLummis…
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @FinancialCmte: The Senate must urgently act on digital asset legislation.
The future of the U.S.’s role as a hub for capital deploymen…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Democrats: “No, seriously, we are good with crypto. Come back.”
With one shrill voice… Gary Gensler, Elizabeth Warren, Lael Brainard, et al:
“We’re all still here.” x.com/tyler/status/1…
Very pro-crypto
Warren Davidson
@WarrenDavidson
@Dennis_Porter_ @RoKhanna Until they embrace self-custody, proof-of-work, and a CBDC ban, they are just making empty promises for about 96 days…
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @cameron: A reminder for the those suffering from crypto amnesia partisan syndrome (CAPS):
Crypto was non-partisan during the Obama Adm…
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @FinancialCmte: The @SECGov's SAB 121 rule upends decades of bank custody rules solely to target digital assets.
If it's consumer prote…
Very pro-crypto
Warren Davidson
@WarrenDavidson
@slamguy CBDC is not crypto. Check your facts. No one in elected office is more pro “crytpto” than me. Thankfully, many are also very supportive.
Nevertheless, stay away from shitcoins.
Very pro-crypto
Warren Davidson
@WarrenDavidson
@tahcpa Cash, coins, gold, barter, etc are permissionless. No third party required. Some electronic payment systems are as well. Have you read the #Bitcoin white paper?
bitcoin.org/bitcoin.pdf
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @twobitidiot: "Untraceable cryptocurrency" is a phrase that only the hopelessly stupid in government and media use.
+ blockchains are…
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @PatrickMcHenry: The President’s veto weakens protections for consumers in digital asset markets and upends decades of custody rules.
B…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Democrats: “No, seriously, we are good with crypto. Come back.”
@GaryGensler: “I’m still here.”
Very pro-crypto
Warren Davidson
@WarrenDavidson
#CBDC is the creepiest surveillance tool ever developed. In every dystopian fiction money is corrupted into a tool for coercion & control. It is right and just to stop it! x.com/GOPMajorityWhi…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Since 2018, I have been working to establish legal clarity for digital assets.
Meanwhile, @GaryGensler ’s Orwellian regulatory approach has pushed innovation and investment overseas.
Today and finally, the House of Representatives brings clarity to the digital asset ecosystem by passing the FIT for the 21st Century Act.
I applaud Chairman @PatrickMcHenry for his work passing the #FIT21 as this historic legislation would give entrepreneurs and investors the legal framework they need to take our economy into the future.
Very pro-crypto
Warren Davidson
@WarrenDavidson
Solving problems and serving people. #FIT21 creates long overdue market structure for digital assets.
Bright-line test
Self-custody
Thanks to members who moved this bill, especially Patrick McHenry, French Hill, Dusty Johnson, GT Thompson, Tom Emmer, and Steve Scalise, Wiley Nickel, Ritchie Torres, and Josh Gottheimer. And those who did the heavy lifting, especially: Allison Behuniak, Tim Hite, and Paul Balzano.
Bright-line test
Self-custody
Thanks to members who moved this bill, especially Patrick McHenry, French Hill, Dusty Johnson, GT Thompson, Tom Emmer, and Steve Scalise, Wiley Nickel, Ritchie Torres, and Josh Gottheimer. And those who did the heavy lifting, especially: Allison Behuniak, Tim Hite, and Paul Balzano.
Very pro-crypto
Warren Davidson
@WarrenDavidson
#FIT21 protects self-custody. This is essential to digital asset market structure, but also essential to defending freedom.
Self custody means possession of your own private property, rather than an account where a 3rd party holds your money or property.
Permission-less peer-to-peer transactions are like cash - no 3rd party needed.
Everything else is essentially a permissioned system where someone else can monitor, filter, and profit from your transactions.
Very pro-crypto
Warren Davidson
@WarrenDavidson
Digital asset market structure will finally get recorded votes! It should be 100% non-partisan. We shall see... #FIT21 x.com/RepDustyJohnso…
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @twobitidiot: Dear @RepMaxineWaters:
Please don’t torpedo the chances of a bipartisan crypto bill at today’s member briefing.
None of…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Next week the House will vote to ban Central Bank Digital Currency. #CBDC poses an existential threat to western civilization. It is the most powerful surveillance tool ever developed and corrupts money into a tool for coercion & control.
#BanCBDC pic.x.com/7WzDrMTBYl
Very pro-crypto
Warren Davidson
@WarrenDavidson
Glad to see self-custody (cold storage) on your list, @mcuban. Some concede they can’t ban the sector, but have settled for keeping everything account-based. Third-party mandatory is antithetical to the entire concept. No #DeFi without decentralization…
#KeepYourCoinsAct x.com/mcuban/status/…
Very pro-crypto
Warren Davidson
@WarrenDavidson
I'm grateful Digital Asset privacy and property rights unite Republicans. I applaud the Democrats who took the tough vote to be right on policy. Hopefully, this serves as a floor for future bipartisan work to:
Ban Central Bank Digital Currency (CBDC)
Protect self-custody
x.com/i/web/status/1… x.com/taylorjbarr/st…stablecoins
Ban Central Bank Digital Currency (CBDC)
Protect self-custody
x.com/i/web/status/1… x.com/taylorjbarr/st…stablecoinsVery pro-crypto
Warren Davidson
@WarrenDavidson
RT @gaborgurbacs: I can confirm as well that US banks are quietly de-platforming businesses that have anything to do with crypto, even serv…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Banning Central Bank Digital Currency (#CBDC) unites Republicans and divides Democrats. Congress needs to VOTE so that the American people know who defends freedom and who plans tyranny. x.com/WarrenDavidson…
Very pro-crypto
Warren Davidson
@WarrenDavidson
@robinhanson Central Bank Digital Currency
#CBDC
Very pro-crypto
Warren Davidson
@WarrenDavidson
#CBDC poses an existential threat, nevertheless… ban on Central Bank Digital Currency was stripped from the final version. pic.x.com/E38nciRueL
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @berniemoreno: Allowing left wing radicals like @SenWarren and @SherrodBrown to create legislation that regulates crypto - something the…
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @RobertJSalvador: Talking the extreme dangers of Central Bank Digital Currencies (CBDCs) with @DLoesch
We need to support leaders lik…
We need to support leaders lik…Very pro-crypto
Warren Davidson
@WarrenDavidson
Thank you! This is 100% on target. CBDC is an existential threat to western civilization.
We have an amendment in appropriations that bans all federal funds from being used to design, develop, or establish a CBDC. It needs to survive final passage. @FinancialCmte passed a bill to ban them. Needs to get a vote by the House and survive final passage.
Very pro-crypto
Warren Davidson
@WarrenDavidson
Central Bank Digital Currency (CBDC) is an existential threat to western civilization.
@FinancialCmte passed a bill to ban them. Needs to get a vote by the House and survive final passage. We also have an amendment to appropriations that bans all federal funds from being used to design, develop, or establish a CBDC. This restriction needs to survive final passage.
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @JohnEDeaton1: Wait until we see a programmable CBDC issued by the Federal Reserve,
being pushed by Elizabeth Warren and this current ad…
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @PatrickMcHenry: Today’s spot Bitcoin ETF approvals mark a historic milestone for the future of the digital asset ecosystem.
While acti…
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @FinancialCmte: #ICYMI: @WarrenDavidson debunks the Senate's unworkable and destructive illicit finance in digital assets proposal:
"It…
Very pro-crypto
Warren Davidson
@WarrenDavidson
NEW: Setting the record straight and debunking unworkable illicit finance proposals
We must bring clarity for digital assets and pass our legislation from the @FinancialCmte. thehill.com/opinion/congre…Very pro-crypto
Warren Davidson
@WarrenDavidson
Central Bank Digital Currency (CBDC) poses an existential threat to western civilization. Sound money serves as a stable store of value and an efficient means of exchange. CBDC consummates the corruption of money into a dystopian tool for coercion & control. Ban them.
zerohedge.com/crypto/imf-rel…
Very pro-crypto
Warren Davidson
@WarrenDavidson
@SolanaRiles Several Democrats agree, but few are vocal in their opposition to CBDC. Unfortunately, Elizabeth Warren seems to dominate financial services policy for Democrats. She is working to ban crypto and implement CBDC.
Very pro-crypto
Warren Davidson
@WarrenDavidson
Anyone attacking self-custody opposes individual freedom. They want someone to control your assets on their behalf.
Pass my Keep Your Coins( KYC) Act to protect self-custody.
This is the best safeguard against CBDC or default by third-party custodians (like FTX or BlockFi).
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @JohnEDeaton1: 20% of the US Senate has already agreed to support her defacto ban on Crypto and #Bitcoin in the U.S. I know for a fact s…
Very pro-crypto
Warren Davidson
@WarrenDavidson
@giancarloMKTS @JohnEDeaton1 Chris, that’s rich. Corrupting money into a tool for coercion and control is evil. A US backed CBDC would have all of the surveillance power of China’s CBDC. We just like our own government better so far. CBDC is the “one ring to rule them all” and should be cast into the fire.
Very pro-crypto
Warren Davidson
@WarrenDavidson
@PeterMcCormack This helps illustrate why @JMilei must embrace #BTC as @nayibbukele did. The international financial system has been corrupted into a tool for coercion and control. Any attempt to restore #SoundMoney is viewed as a threat to the globalists.
Very pro-crypto
Warren Davidson
@WarrenDavidson
You know, it's certainly possible that the stalling tactics to prevent regulatory clarity for digital assets in America are related to the globalists’ CBDC project...
For the people engineering a reset of the monetary system, off-ramps with self-custody are problematic. x.com/WallStreetMav/…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Cash is king when it comes to illicit finance, not cryptocurrency.
Watch from this week’s @FinancialCmte hearing on breaking down illicit activity in digital assets. pic.x.com/NB8Tv6kEIj
Very pro-crypto
Warren Davidson
@WarrenDavidson
@cryptoobseesed @FinancialCmte No, they should not. Cash is legal tender, should be accepted everywhere, and protects privacy.
Very pro-crypto
Warren Davidson
@WarrenDavidson
Cash and some “cryptocurrency” offer permission-less, peer-to-peer transactions. Authoritarian control freaks dominate our federal government and seek to ban them both. We must defend freedom and they must fail.
More freedom.
Less government.
#SoundGovernment
Very pro-crypto
Warren Davidson
@WarrenDavidson
@WallStreetSilv With Digital ID, CBDC, social credit score, and the Patriot Act. Just to keep us all safe, of course....
No thanks!
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @profstonge: Every time voters are asked they reject CBDC's by 85% or 90%. Yet they keep pushing.
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @SimplyBitcoinTV: BREAKING Congressman @WarrenDavidson Moves to stop CBDC creation through an offered amendment pic.x.com/mLd94YDIJI
Very pro-crypto
Warren Davidson
@WarrenDavidson
How long until the globalists want America to submit to new European standards?
The United States must ban CBDC and protect privacy. The globalist approach does the opposite. x.com/Rob_Roos/statu…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Central Bank Digital Currencies should never be designed, developed, or established.
It’s like building the Death Star and saying you won’t turn it on.
Today I offered an amendment to stop the creation of #CBDCs. pic.x.com/cltTqMZdf0
Very pro-crypto
Warren Davidson
@WarrenDavidson
Our only difference is whether they deluded themselves. They deluded many, but the central bankers know this has run its course - thus the surge in plunder. They have a solution in mind for the crash site they are accelerating towards: Central Bank Digital Currency (CBDC).
Failure to stop them risks all of western civilization. #FixTheMoney
Very pro-crypto
Warren Davidson
@WarrenDavidson
Scariest idea in the works!
The Federal Reserve is building the financial equivalent of the Death Star while pinky promising not to turn it on. #BanCBDC x.com/WarrenDavidson…
Very pro-crypto
Warren Davidson
@WarrenDavidson
I think you misunderstand why he is laughing. It’s not that I will do nothing, it’s that Congress cannot yet pass my bill and won’t defund him. If he reported to me, I would have long since fired him. Nevertheless, his failures keep helping me build support for the SEC Stabilization Act.
Very pro-crypto
Warren Davidson
@WarrenDavidson
Only Congress has the ability to authorize a central bank digital coin and our bill protects that.
Our bill does not stop the ability to study CBDCs and it’s dangers. pic.x.com/dbQFmbME1a
Very pro-crypto
Warren Davidson
@WarrenDavidson
CBDC’s are antithetical to Western civilization. To be clear, there is no authorization for anyone in the United States of America to establish a central bank digital currency.
washingtonexaminer.com/policy/economy…
Very pro-crypto
Warren Davidson
@WarrenDavidson
This.
With an empty promise not to turn it on, the Federal Reserve is building the financial equivalent of the Death Star. Since the Federal Reserve is not on appropriations, my proposal will criminalize designing, building, developing, or establishing a #CBDC. x.com/profstonge/sta…
With an empty promise not to turn it on, the Federal Reserve is building the financial equivalent of the Death Star. Since the Federal Reserve is not on appropriations, my proposal will criminalize designing, building, developing, or establishing a #CBDC. x.com/profstonge/sta…Very pro-crypto
Warren Davidson
@WarrenDavidson
I asked if it was possible for CBDCs to be privacy protected and identify verified?
Dr. Michel: “no, in my view it is not.”
Professor Skinner: “my view is no, that’s not possible right now.”
The experts admit that our privacy isn’t protected under the use of a CBDC. pic.x.com/5ajKYHrxCM
Very pro-crypto
Warren Davidson
@WarrenDavidson
One of the biggest threats to Western civilization is a wrongly structured system of money.
CBDCs undermine permissionless peer to peer transactions. They can be used for coercion and control.
#SoundMoney serves as store of value & efficient means of exchange. Watch 
https://t.co/HkeGz5w1Qn
https://t.co/HkeGz5w1Qn
Very pro-crypto
Warren Davidson
@WarrenDavidson
Fortunately there is digital currency that is private and it’s available today.
I’ve referred to a CBDC as the one ring to rule them all. It must be cast into the fire and destroyed. pic.x.com/iqeqDxGvDF
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @JAN3com: "CBDC poses an existential threat to western civilization by corrupting money into a tool for coercion & control.”
- @WarrenDa…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @PatrickMcHenry: SEC Chair @GaryGensler's crusade against the digital asset ecosystem is falling apart under scrutiny from the courts.…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Valid concerns. The crypto ambush from Biden’s infrastructure bill is as bad as they could get away with at the time.
There is bipartisan opposition to FinTech focused preservation of 3rd party doctrine intermediaries (companies regulated into being agents of the government to collect intelligenx.com/i/web/status/1…
Hard to say who controls whom at the top sometimes, but they (eg Gensler, IRS, bank regulators…) are clearly weaponizing government to protect the status quo.
Very pro-crypto
Warren Davidson
@WarrenDavidson
Yes, it is discouraging at times, but we have made tremendous progress in the House. If you haven’t followed it, in July the Financial Services Committee passed a Digital Asset Market Structure bill, a Stablecoin bill, my Keep Your Coins Act, and more. Insanely slow and late, but progress.
Very pro-crypto
Warren Davidson
@WarrenDavidson
CBDC is to sound money what dictatorship is to freedom. The existence of x precludes y. Coincidentally, if you wanted to establish or enforce a dictatorship, CBDC would be the one ring to rule them all. moneywise.com/news/economy/w…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Although ETH and XRP have distinct protocols, they are simply tokens.
Consensys and Ripple have similar roles for their respective communities. As legal entities staffed by humans, both have worked on the design and development of CBDCs - and others have too (someone else can list them all).
I considex.com/i/web/status/1…orking to criminalize designing, building, developing, testing, or establishing CBDC.
If I succeed, no one will touch CBDC in the USA - anyone who does will go to jail.
Clear enough?
Very pro-crypto
Warren Davidson
@WarrenDavidson
I'll admit surprise that some Twitter-active #XRP holders are so hyper-defensive of Ripple's work on Central Bank Digital Currency (CBDC).
I answered a question about the Torres decision by pointing out XRP was finally recognized as not a security, but that some of Ripple's activity was deemed an investment contract by the judge because in pitches to institutional investors, Ripple promised to do x,y,z.
I added that my concern was about RIPPLE's involvement in developing CBDC - because we were talking about Ripple AND that is one component of Ripple's pitch.
Now, given that I am working to criminalize CBDC, rational people would understand I don't want anyone to work on CBDC - not Satoshi, not Consensys, not the Fed, not even my mom.
So, if you are a Twitter-active #XRP holder, do you like XRP because of Ripple's work on CBDC, in spite of Ripple's work on CBDC, or don't care about Ripple either way?
Very pro-crypto
Warren Davidson
@WarrenDavidson
@capypig10 I couldn't possibly be more opposed to CBDC. I want to criminalize designing, building, developing, testing, or establishing CBDC. One ring to rule them all... Cast it into the fire.
Very pro-crypto
Warren Davidson
@WarrenDavidson
@BeefSuprem3XRP CBDC is evil - the financial equivalent of the Death Star.
Don’t become an accomplice to anyone designing, building, testing, developing, or establishing CBDC.
Very pro-crypto
Warren Davidson
@WarrenDavidson
Don't hurt people.
Don't take their stuff.
To seamlessly violate these principles, Central Bank Digital Currency is being studied, developed, and implemented. CBDC is an evil tool that corrupts money into a tool for coercion & control.
To make my opposition crystal clear, and unequx.com/i/web/status/1…m working on legislation to criminalize designing, building, testing, developing, or establishing a CBDC.
Very pro-crypto
Warren Davidson
@WarrenDavidson
To make the point crystal clear, I am working on legislation to criminalize
designing, building, testing, developing, or establishing a Central Bank Digital Currency.
CBDC poses an existential threat to western civilization by corrupting money into a tool for coercion & contrx.com/i/web/status/1… as a stable store of value and an efficient means of exchange.
Very pro-crypto
Warren Davidson
@WarrenDavidson
Central Bank Digital Currency (CBDC) poses a serious threat to all digital assets. As I said at Flyover FinTech, many people wrongly conflate even BTC with CBDC.
At least most agree that CBDC is evil - the financial equivalent of the Death Star.
Don’t become an accomplice to ax.com/i/web/status/1…ng, testing, developing, or establishing CBDC.
Banning CBDC is essential to America’s FinTech future.
Very pro-crypto
Warren Davidson
@WarrenDavidson
Tokenized assets are not the problem. It’s the people. Entities (including the Federal Reserve, Ripple, Consensys) and influencers are actively working on CBDC projects.
Very pro-crypto
Warren Davidson
@WarrenDavidson
Current CBDC versions are centrally managed, permissioned databases dependent on digital ID. This is opposite of defi where the entire computing architecture is designed to protect privacy and enable permissionless peer-to-peer transactions. +100 countries are studying, developinx.com/i/web/status/1…same creepy surveillance state technology as China. Not on my watch.
Very pro-crypto
Warren Davidson
@WarrenDavidson
Central Bank Digital Currency (CBDC) is evil - the financial equivalent of the Death Star. Don’t become an accomplice to anyone designing, building, testing, developing, or establishing CBDC.
Very pro-crypto
Warren Davidson
@WarrenDavidson
@X__Anderson @digitalassetbuy @Ripple In every dystopian future, money is corrupted from a stable store of value and and efficient means of exchange into a tool for coercion and control. CBDC is a tool for tyrants, the epitome of a permissioned network, and opposite defi. China links CBDC with social credit.
Very pro-crypto
Warren Davidson
@WarrenDavidson
In America, Central Bank Digital Currency (CBDC) should be:
Very pro-crypto
Warren Davidson
@WarrenDavidson
@ErikVoorhees You may not take an interest in politics, but politics will take an interest in you. Would you really prefer to ignore the Federal Reserve as they develop CBDC:
x.com/WarrenDavidson…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Caution. If something cannot continue, it will eventually stop.
As America speeds towards a financial & monetary crash site, make plans for the massive disruptions that will come.
We must eliminate any risk of US Central Bank Digital Currency. #NoCBDC
More freedom.
Less government.
#SoundMoney
Very pro-crypto
Warren Davidson
@WarrenDavidson
Who in the US Senate is working on legislation to keep up with China on this plan? “Gotta keep up with China” is one of the arguments made for Central Bank Digital Currency.
#NoCBDC
#NoDigitalID
#NoRestrictAct
#NoPoliceState x.com/WallStreetMav/…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Why is the @federalreserve designing, building, developing, and testing a similar system for coercion & control? #NoCBDC
America is not a police state, are we?
It's only a republic if we keep it! x.com/WallStreetMav/…
America is not a police state, are we?
It's only a republic if we keep it! x.com/WallStreetMav/…Very pro-crypto
Warren Davidson
@WarrenDavidson
CBDC’s are an Orwellian style payment system that has no place in our government.
We must protect #SoundMoney x.com/HannahDCox/sta…
Very pro-crypto
Warren Davidson
@WarrenDavidson
#NoCBDC
Money should not be programmable by a central authority.
Money should be a stable store of value and an efficient means of exchange, not a tool for surveillance, coercion, and control.
Sound money facilitates permission-less, peer-to-peer transactions.
Very pro-crypto
Warren Davidson
@WarrenDavidson
The Federal Reserve is building the financial equivalent of the Death Star.
Central Bank Digital Currency (CBDC) corrupts money into a tool for coercion & control.
Congress must swiftly ban then criminalize any effort to design, build, develop, test or establish a #CBDC. pic.x.com/9JWiyj5H2f
Very pro-crypto
Warren Davidson
@WarrenDavidson
Their own words: “You will engage directly with management, other developers on the team, development operations teams, and vendors to ensure the Federal Reserve is well-positioned to design, develop, and implement technology to support a CBDC as may be required by the Board of Governors.”
Very pro-crypto
Warren Davidson
@WarrenDavidson
100% Powerful message from @USRepMikeFlood.
#ICYMI Next week @FinancialCmte will markup a Digital Asset Market Structure bill and a Stablecoin bill. This long overdue legislation seeks to provide the legal clarity our markets have been missing.
youtu.be/ffO66WboovE
Very pro-crypto
Warren Davidson
@WarrenDavidson
Same tactics in the UK… Cash treated as criminal because governments have difficulty spying on us. They too have people pushing #CBDC - the creepiest surveillance tool ever developed for coercion & control.
#PaymentPrivacy is essential for defending freedom. x.com/Nigel_Farage/s…
Very pro-crypto
Warren Davidson
@WarrenDavidson
@TheOCcryptobro @GOPMajorityWhip @twobitidiot @brian_armstrong @IOHK_Charles Definitely.
Very pro-crypto
Warren Davidson
@WarrenDavidson
Central Bank Digital Currency (CBDC) corrupts money into tool for coercion & control.
Thankfully, there is no legal way to implement CBDC in America w/o legislation.
In addition, a bipartisan coalition in Congress is working to actively ban CBDC development or implementation. x.com/CatoInstitute/…
Very pro-crypto
Warren Davidson
@WarrenDavidson
@Crypto_DashODL @Hodl42 I have 1/435 of 1/3 of the power to spend - and generally vote NO. I definitely get your frustration, but you should understand there are at least dozens of others like me who actually want a smaller, more accountable government.
Don’t bankrupt America!
Very pro-crypto
Warren Davidson
@WarrenDavidson
@Dennis_Porter_ Thank you. I hope all of my colleagues read one of the best books in recent memory: The Bitcoin Standard.
Very pro-crypto
Warren Davidson
@WarrenDavidson
I’ll be joining the #CryptoTownHall Twitter space at 10:30 AM to discuss my legislation to #FireGaryGensler. Make sure to tune in!
#SECStabilizationAct @scottmelker @cryptomanran @MarioNawfal
Very pro-crypto
Warren Davidson
@WarrenDavidson
@ApexCryptoAlpha @HappyChichester Conservatives are working to extract neocons from the GOP. Neocons are now moving to their natural habitat with the DNC. These endless war people are bankrupting our country and undermining civil liberties (Patriot Act, RESTRICT Act, anti-crypto, etc).
Very pro-crypto
Warren Davidson
@WarrenDavidson
@CryptoLawUS Let’s rewind the game film together sometime.
Very pro-crypto
Warren Davidson
@WarrenDavidson
Important thread
Central Bank Digital Currency (CBDC) is very different (near opposite) of #bitcoin (and some other cryptocurrencies). While both are digital, one key concept is permission.
If a 3rd party can filter or cancel your transactions, that is permissioned (like CBDC). If not, it’s permission-less (like BTC).
Other important differences
Central Bank Digital Currency (CBDC) is very different (near opposite) of #bitcoin (and some other cryptocurrencies). While both are digital, one key concept is permission.
If a 3rd party can filter or cancel your transactions, that is permissioned (like CBDC). If not, it’s permission-less (like BTC).
Other important differencesVery pro-crypto
Warren Davidson
@WarrenDavidson
RT @CoinDesk: "We have over 50% of the world's invested capital in our capital markets. But when you look at crypto, 70 to 90% of the liqui…
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @CoinDesk: LIVE: $BTC slips ahead of the U.S. House debt ceiling vote, @WarrenDavidson discusses the future of U.S. crypto regulation an…
Very pro-crypto
Warren Davidson
@WarrenDavidson
@BitcoinPierre Yes, one of the victories is blocking proposed taxes.
Very pro-crypto
Warren Davidson
@WarrenDavidson
America’s #FinTech future is threatened Gary Gensler’s wrecking ball. I’m glad consensus is building.
Congress must take action to provide legal clarity for digital assets and substantive reform to the @SECGov that eliminates the chairmanship and empowers the commission. x.com/MetaLawMan/sta…
Very pro-crypto
Warren Davidson
@WarrenDavidson
#SoundMoney is nonpartisan and essential to defending freedom. CBDC is a tool for coercion & control. Congress must take action to stop unelected bureaucrats from working to undermine principles that make America the land of opportunity.
#DefendFreedom x.com/RobertKennedyJ…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Congress plays a critical role in the regulatory framework for digital assets, which are not up to the discretion of unelected bureaucrats who retain inconsistent viewpoints.
foxbusiness.com/politics/repub…
Very pro-crypto
Warren Davidson
@WarrenDavidson
The Biden administration’s Council of Economic Advisors has flip-flopped on how they intend to handle digital assets.
This week, @USRepMikeFlood and I sent a letter to the CEA addressing this issue. Read 
https://t.co/2wBuWtn6KV
https://t.co/2wBuWtn6KV
Very pro-crypto
Warren Davidson
@WarrenDavidson
#Bitcoin fixes this. In order to keep spying on American citizens, on every transaction, authoritarians want to make all money account based - where a third-party they can control filters your transactions.
Permission-less, peer-to-peer transactions are an essential component of sound money. #SoundMoney is essential to defending freedom.
Very pro-crypto
Warren Davidson
@WarrenDavidson
Beware of any protocol working with central banks in an attempt to become embedded as architecture for a Central Bank Digital Currency (CBDC). CBDC is the antithesis of #SoundMoney. It is specifically designed as a tool for coercion & control.
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @scottmelker: “You have essentially a Hotel California rule for crypto, where you can check in anytime you like but you can never leave.…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Terrifying example of why we don’t need a Central Bank Digital Currency.
#SoundMoney is not a Chinese-style CBDC that governs our lives. x.com/songpinganq/st…
Very pro-crypto
Warren Davidson
@WarrenDavidson
@BitcoinPierre Best they can do is substack… Nevertheless, I share your hope.
Very pro-crypto
Warren Davidson
@WarrenDavidson
Let's be clear: the Federal Reserve does not have the legal authority to implement a Central Bank Digital Currency. There is strong bipartisan opposition in Congress to a Central Bank Digital Currency.
#SoundMoney is essential for defending freedom. CBDC is Orwellian. Nevertheless, there are people highly committed to implementing this dystopian tool for coercion & control.
Very pro-crypto
Warren Davidson
@WarrenDavidson
It doesn’t have to stay that way. My #TokenTaxonomyAct is and has always been 100% bipartisan.
The issue is not partisan, but generally libertarian vs authoritarian.
Love the Patriot Act? Likely anti-crypto. Hate the Patriot Act? Likely pro-crypto. x.com/Dennis_Porter_…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Backing #Bitcoin supports freedom and #SoundMoney.
This morning I joined @BTCdocumentary to explain the importance of the use of crypto in our financial systems. pic.x.com/jbsWjZOTUT
Very pro-crypto
Warren Davidson
@WarrenDavidson
Only Congress could lawfully establish a Central Bank Digital Currency in the United States, but that hasn’t stopped CBDC advocates from working to normalize this Orwellian payment system.
Today, I sent a letter to my colleagues encouraging them to help prevent state efforts to fx.com/i/web/status/1…kpic.x.com/hCL4qEMimo). Read
Very pro-crypto
Warren Davidson
@WarrenDavidson
Barney Frank was right. Elizabeth Warren is wrong.
Now let’s work together to fix this problem by providing legal clarity for digital assets, ending TBTF, and reining in the non-market fiscal and monetary interventions fueling inflation and risk. wsj.com/articles/signa…Very pro-crypto
Warren Davidson
@WarrenDavidson
@3DNuts @BitcoinPierre Did that for bit when it first hit… Maybe again on a personal page at some point.
Very pro-crypto
Warren Davidson
@WarrenDavidson
@BitcoinPierre It’s essentially a subsidized trust company, not a bank. Socialized risk to enable privatized profits.
Very pro-crypto
Warren Davidson
@WarrenDavidson
@JKcryptobaron There were certainly signs. Repo/reverse repo
Very pro-crypto
Warren Davidson
@WarrenDavidson
@aeyakovenko @DavidSacks Yes, by protecting self-custody of digital assets.
Very pro-crypto
Warren Davidson
@WarrenDavidson
Would federal regulators destroy three banks to defend the status quo?
“Any buyer of Signature must agree to give up all the crypto business at the bank, the two sources added.” streetinsider.com/dr/news.php?id…Very pro-crypto
Warren Davidson
@WarrenDavidson
Barney Frank: “I wonder, are we the first bank to be closed, totally, without being insolvent? …I think the [New York DFS] should have to answer that. That’s why I speculate that using us as a poster child to say “stay away from crypto” was the reason. nymag.com/intelligencer/…
Very pro-crypto
Warren Davidson
@WarrenDavidson
The left will use this crisis to: consolidate everyone into bigger banks, reverse S2155 (tailored regulatory approach) which is not a factor in the failures, and attack crypto (also false).
Very pro-crypto
Warren Davidson
@WarrenDavidson
We need to use this crisis to address systemic risk: reduce deficits, stop the Fed’s market distortion (growing its balance sheet, enabling bigger deficits), stop the Fed from manipulating interest rates so the market sets the rates, pass legal clarity for crypto, focus rx.com/i/web/status/1… interest rate risk.
Very pro-crypto
Warren Davidson
@WarrenDavidson
Industry experts told the Financial Services Digital Assets Subcommittee what many of us already know - self custody protects against fraud.
Pass my Keep Your Coins( KYC) Act to protect self-custody, reduce the impact fraud, and increase personal freedom. pic.x.com/A03wtD2Irl
Very pro-crypto
Warren Davidson
@WarrenDavidson
Yesterday the Digital Assets Subcommittee met for the first time.
This subcommittee's establishment will play an important role in providing regulatory clarity and ending the Biden Administration's attack on the industry.
We have a lot of work to do. pic.x.com/cXiHPqEK0V
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @FinancialCmte: #WATCH: Digital Assets Subcommittee Vice Chairman @WarrenDavidson makes the case for self custody of digital assets as a…
Very pro-crypto
Warren Davidson
@WarrenDavidson
As banks continue to de-bank customers over non-risk based factors (another Operation Chokepoint), I am reminded of Satoshi Nakamoto's vision: "What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to tx.com/i/web/status/1…ach other without the need for a trusted third party."
Very pro-crypto
Warren Davidson
@WarrenDavidson
Read the Bitcoin whitepaper:
bitcoin.org/bitcoin.pdf
Very pro-crypto
Warren Davidson
@WarrenDavidson
Agustin Carstens is an unlikely Bond villain, but his diabolical plans for the future of money pose a systemic risk to western civilization.
His vision for a Central Bank Digital Currency (CBDC) is dystopian.
This week I cosponsored the CBDC Anti-Surveillance State Act. pic.x.com/PVyMODWToe
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @HesterPeirce: Getting lots of questions re stablecoins & SEC: Facts & circumstances of course, but SEC should defer to Congress, which…
Very pro-crypto
Warren Davidson
@WarrenDavidson
I'm proud to support the CBDC Anti-Surveillance State Act.
The Fed must focus on its dual mandate rather than eradicating financial autonomy. A retail CBDC would essentially allow the government to mediate all transactions, which would mirror what we see in China. x.com/GOPMajorityWhi…
Very pro-crypto
Warren Davidson
@WarrenDavidson
@CryptoSasha007 Only Congress can agree to expand NATO and only Congress can authorize combat.
Very pro-crypto
Warren Davidson
@WarrenDavidson
Pretty solid summary of the present situation. Congress finally has a subcommittee on digital assets so Gensler is scrambling. Congress must move forward to enable a strong market for retail investors and solve problems, including the Gensler problem. x.com/g_co/status/16…
Very pro-crypto
Warren Davidson
@WarrenDavidson
1/435. Thankfully we are building momentum in @FinancialCmte . It’s a huge deal that @PatrickMcHenry created a Digital Assets Subcommittee, led by @RepFrenchHill. Lots of strong members across the political spectrum finally agree with the need for legal clarity and change @SECGov.
Very pro-crypto
Warren Davidson
@WarrenDavidson
Proof-of-Work > Proof-of-Stake is an understatement. Nevertheless, @SECGov once again chose selective enforcement rather than regulatory action.
@FinancialCmte is now organized with a new Digital Assets Subcommittee. Congress moves way too slowly but change is coming soon.
Very pro-crypto
Warren Davidson
@WarrenDavidson
The future of money is one of the most important public policy debates underway. Central Bank Digital Currency (CBDC) poses an existential threat to western civilization. #SoundMoney is essential to defending freedom. x.com/JamesMelville/…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Very pro-crypto
Warren Davidson
@WarrenDavidson
Central Bank Digital Currency (CBDC) is to money what Gain-of-Function is to virology.
Very pro-crypto
Warren Davidson
@WarrenDavidson
@JKcryptobaron @CryptoLawUS @Gemini @GaryGensler Been working on that since 2018… Congress needs action, and thankfully @PatrickMcHenry has created the first subcommittee on digital assets. In the meantime, we still have Gary’s failed approach. Change must come!
Very pro-crypto
Warren Davidson
@WarrenDavidson
@JKcryptobaron @CryptoLawUS @Gemini @GaryGensler @PatrickMcHenry Multiple bills that are very bipartisan (really nonpartisan), but the committee process is essential to how bills become law. I’m very hopeful this Congress…
Very pro-crypto
Warren Davidson
@WarrenDavidson
@snub_fighter My Keep Your Coins Act protects self-custody so that no regulator can deny, limit, or make conditional your ownership and control over your own digital assets. Multiple efforts have already been initiated to block or permission self-custody. My bill stops them.
Very pro-crypto
Warren Davidson
@WarrenDavidson
Congress urgently needs to pass legislation establishing a brightline test for digital assets making clear what is a security and what is not a security. Then it will be clear what can freely trade on exchanges.
Next, clear custody rules (incl self) & certainty for stablecoins. x.com/CGasparino/sta…
Very pro-crypto
Warren Davidson
@WarrenDavidson
SBF didn't commit Crypto fraud, he committed plain old fashioned fraud. pic.x.com/ogzEW1oWBf
Very pro-crypto
Warren Davidson
@WarrenDavidson
SBF should not have been released on bond, given the severity of his crimes. For context, Bernie Madoff was sentenced to 150 years in jail for similar crimes.
I joined Mornings with Maria to discuss SBF's release and the ramification of FTX's collapse on the crypto industry. pic.x.com/EalBBBJvpF
Very pro-crypto
Warren Davidson
@WarrenDavidson
FTX's collapse was not about crypto or the distributed ledger technology; it was about a criminal defrauding his customers. pic.x.com/uf7OFFsvIB
Very pro-crypto
Warren Davidson
@WarrenDavidson
@GaryGensler had an agenda from day one. He did not listen to Congress when we called out his haphazard approach to digital assets. Instead, he unilaterally went full steam ahead with enforcement actions.
Yet he still managed to whiff on FTX.
bloomberg.com/news/articles/…
Very pro-crypto
Warren Davidson
@WarrenDavidson
So in the same week he questions whether ETH is actually a security, leaving #BTC as the only uniformly recognized commodity, he wants the Commodity Futures Trading Commission to oversee what is effectively a securities exchange? Make it make sense. wsj.com/articles/ftx-c…Very pro-crypto
Warren Davidson
@WarrenDavidson
#SoundMoney is a stable store of value, an efficient means of exchange, and always preserves permission-less peer-to-peer transactions. A centrally controlled #CBDC corrupts money into a tool for coercion and control - the creepiest surveillance system ever developed. #dystopia
Very pro-crypto
Warren Davidson
@WarrenDavidson
#SoundMoney is essential to defending freedom.
@EconWithNick explains: “#CBDC would most likely be the single largest assault on financial privacy since the creation of the Bank Secrecy Act and the establishment of the third-party doctrine.” cato.org/working-paper/…
Very pro-crypto
Warren Davidson
@WarrenDavidson
As we continue uncovering the facts surrounding FTX, one thing is certain: Any future policy that doesn’t protect self-custody of digital assets will leave consumers vulnerable to third-party failures. My Keep Your Coins Act protects this right.
wsj.com/articles/ftx-c…
Very pro-crypto
Warren Davidson
@WarrenDavidson
@Kevin_C_ONeil @DibbSpot You should read the bill. It establishes a brightline test to make clear what is and what is not a security. Some are clearly just securities - controlled by a central authority. Some have been literal pump and dump scams with no action taken by the SEC. Bitcoin is a commodity.
Very pro-crypto
Warren Davidson
@WarrenDavidson
The U.S.-China Economic and Security Review Commission released their annual report this month. It’s 770+ pages. They do not address China’s CBDC or threat of a digital yuan once.
uscc.gov/annual-report/…
Very pro-crypto
Warren Davidson
@WarrenDavidson
#SoundMoney is essential to defending freedom. Sound money serves as a stable store of value and an efficient means of exchange. Permissionless, peer-to-peer transactions are non-negotiable features of #SoundMoney.
#CBDC corrupts money, making it a tool for coercion & control. x.com/disclosetv/sta…
Very pro-crypto
Warren Davidson
@WarrenDavidson
#SoundMoney is essential to defending freedom. #CBDC is a tool for tyrants, corrupting money into a means of coercion and control. x.com/JamesMelville/…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Would Russell Brand be a better PM? The future of money is one of the most essential battles for defending freedom. If the globalists succeed with their dystopian perversion of money #CBDC, western civilization is in peril. x.com/JamesMelville/…Very pro-crypto
Warren Davidson
@WarrenDavidson
@highlifehodler Their version of CBDC will eventually make all other forms of payment illicit finance. No thanks.
Very pro-crypto
Warren Davidson
@WarrenDavidson
#SoundMoney is essential to defending freedom. As described here, by the UK’s likely Prime Minister, CBDC is a corruption of money. A centrally managed, centrally controlled, Central Bank Digital Currency (CBDC) is a tool for coercion and control. x.com/JackPosobiec/s…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Why do they want CBDC? Every dystopian future depicts the corruption of money into a tool of coercion & control as evil.
The future of money is the a most essential public policy debate, and far too few people are taking this existential threat to western civilization seriously. x.com/JamesMelville/…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Good thing Congress never gave the Federal Reserve the authority to create a CBDC, or this could become a dystopian reality for all of our purchases.
cc: @federalreserve, @SecYellen x.com/JamesMelville/…
Very pro-crypto
Warren Davidson
@WarrenDavidson
The Token Taxonomy Act sets a brightline test to define when a digital asset is or is not a security, addresses custody (not your keys not your coins), and tax treatment. Additionally, my Keep Your Coins Act protects self-custody, which has been scrutinized by both parties.
Very pro-crypto
Warren Davidson
@WarrenDavidson
Transparent admission by LaGarde that CBDC is really about power:
x.com/disclosetv/sta…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Thank you @crypto_council for honoring me with the Digital Future Award this week.
I will continue to advocate for regulation clarity and data privacy so this rapidly expanding market is a safe means of exchange for all Americans. pic.x.com/3ynLsdSXyP
Very pro-crypto
Warren Davidson
@WarrenDavidson
The @FinancialCmte needs legal clarity for stablecoins. The architecture of our FinTech infrastructure is becoming untethered because of inaction by Congress and selective regulation by enforcement from the SEC and others. wsj.com/articles/tethe… via @WSJ
Very pro-crypto
Warren Davidson
@WarrenDavidson
#SoundMoney is neutral: a stable store of value and an efficient means of exchange. Not a coercive tool to exert control over the population.
#BewareCBDC
Very pro-crypto
Warren Davidson
@WarrenDavidson
You know, it's certainly possible that the stalling tactics to prevent regulatory clarity for digital assets in America are related to the Fed's CBDC project... If there really are people engineering a reset of the monetary system, off-ramps with self-custody are problematic.
Very pro-crypto
Warren Davidson
@WarrenDavidson
Crypto is no longer new. @SECGov and @CFTC have not worked with Congress to provide regulatory clarity. Instead, @SECGov has selectively enforced opaque regulations, issued fake guidance, and tied legit companies up with endless paperwork drills - driving Americans offshore. Sad. x.com/GaryGensler/st…
Very pro-crypto
Warren Davidson
@WarrenDavidson
@Jestopher_BTC @Melt_Dem @PeterMcCormack @SolGh0st @CryptoEthan 
Very pro-crypto
Warren Davidson
@WarrenDavidson
@Melt_Dem @PeterMcCormack @SolGh0st @CryptoEthan Y’all are too kind. That was definitely one of my favorite hearings. It’s truly a shame so little good has been done by Congress on such an important issue. Thankfully, the market isn’t waiting on Congress, but momentum there is finally building… 
Very pro-crypto
Warren Davidson
@WarrenDavidson
New regulatory clarity for stablecoins should recognize the important and substantial distinctions between algorithmic stablecoins (UST), unregulated money market style stablecoins (USDT), and regulated 1:1 fiat & commodity backed stablecoins (eg existing state-based regulation). x.com/prestonjbyrne/…
Very pro-crypto
Warren Davidson
@WarrenDavidson
@CRYPTOisOURS @RepTomEmmer Psst. In Congress, the majority party chairs every committee, selects the topics for every hearing, schedules every hearing, and schedules every vote on the bills of their choice. And, only the majority party has subpoena authority. Pass it on.
Very pro-crypto
Warren Davidson
@WarrenDavidson
#Fact Thankfully as @TulsiGabbard highlights not all Democrats, and not all Republicans.
Often these issues resemble support or opposition to the Patriot Act. Similar split on crypto. Authoritarian v libertarian rather than left v right. All need resolved to #DefendFreedom. x.com/TulsiGabbard/s…
Thankfully as @TulsiGabbard highlights not all Democrats, and not all Republicans.
Often these issues resemble support or opposition to the Patriot Act. Similar split on crypto. Authoritarian v libertarian rather than left v right. All need resolved to #DefendFreedom. x.com/TulsiGabbard/s…Very pro-crypto
Warren Davidson
@WarrenDavidson
You know #Bitcoin is an important part of defending freedom when it’s under attack by these people. Don’t be fooled. An attack on Proof-of-Work is an attack on #BTC.
More freedom.
Less government.
#SoundMoney x.com/wef/status/151…
Very pro-crypto
Warren Davidson
@WarrenDavidson
@cryptoCPA6 @SECGov There are multiple bills ending or reforming the accredited investor rule. On passed the House in 2018, but never had got a vote in the Senate. As for Oversight, I’m confident things will change with an @GOP majority overseeing the Biden Administration.
Very pro-crypto
Warren Davidson
@WarrenDavidson
@TAIGxrp They used USD. Sold energy in USD. Bought gold. Maybe ETH too, but not at this scale.
Separately, thanks for the stream of info. Note that @RepAlGreen is Chairman of Oversight; @RepMaxineWaters is Chairwoman of House Financial Services. Democrats control the agenda - for now. pic.x.com/RZM2k8xItT
Very pro-crypto
Warren Davidson
@WarrenDavidson
People should know that there are competing digital technologies vying for the future of money. Programmable money, especially as Central Bank Digital Currency (CBDC), poses a threat to freedom by serving as a tool for coercion and control - blurring the…
Very pro-crypto
Warren Davidson
@WarrenDavidson
@TAIGxrp @RepDarrenSoto Anonymous Person: Why do you pretend that ETH had special access? Everyone, including Ripple / XRP, participated. The bill was public 12/2018 for public comment. Lots came in. 4/2019 it was reintroduced. What in the text do you find objectionable?
Very pro-crypto
Warren Davidson
@WarrenDavidson
Interesting.
“Now the most valuable form of money in Ukraine is crypto. Everyone wants crypto because this is the fastest, the most flexible, easiest, and least bureaucratic way to store and spend your money. Crypto is the new king of money in Ukraine.” bloomberg.com/news/articles/…
Very pro-crypto
Warren Davidson
@WarrenDavidson
@Slim88684097 Correct. We drafted legislation, but even in the midst of the ICO boom - mixed with great projects and outright scams- nothing major passed. Frankly, the only major crypto legislation so far is the crap tax / reporting language in the “infrastructure” bill last summer.
Very pro-crypto
Warren Davidson
@WarrenDavidson
@TimWhit69592346 @digitalassetbuy When their party controls the White House, both parties tend to do little in Congress that would conflict with executive branch - thus SEC likely unchecked. Mnuchin was great on many things IMO, but horrible on crypto. He backed Clayton who was horrible on crypto.
Similar now…
Very pro-crypto
Warren Davidson
@WarrenDavidson
#BTC #XRP #ETH #SOL #Zcash #Monero et al
Very pro-crypto
Warren Davidson
@WarrenDavidson
Good Financial Services hearing topics:
- What makes a digital token a security?
- Can any entity raise capital to build a tradeable digital asset outside of US securities law?
- Jointly: Ether, XRP, Solana, and @SECgov regulatory tactics
- Security, Investor Protection & FinTech
Very pro-crypto
Warren Davidson
@WarrenDavidson
@X__Anderson Shares of Microstrategy qualify as a security. They represent a financial interest in Microstrategy. The shares entitle the owner to voting rights and a share of the profits. Tokens they own, not the company, are the digital assets in question.
Very pro-crypto
Warren Davidson
@WarrenDavidson
I’ve been working for years to provide legal clarity (including to @SECGov) for all digital assets, and will continue working. In Congress, the majority party sets the agenda for every hearing and chooses 100% of the bills for votes.
Vigorous oversight coming soon…
Very pro-crypto
Warren Davidson
@WarrenDavidson
@chrislarsensf Thanks. The market clearly gives #BTC a premium valuation. Why does your 12/9/21 proposal seek to effectively buy +51% of the existing hashrate by collectively bribing current miners? What’s wrong with simply competing via #XRP or a new fork / altcoin? medium.com/@chrislarsensf…
Very pro-crypto
Warren Davidson
@WarrenDavidson
@APompliano @chrislarsensf The market clearly gives #BTC a premium valuation. Why does his 12/9/21 proposal seek to effectively buy +51% of the existing hashrate by collectively bribing the miners? What’s wrong with simply competing via #XRP or a new fork / altcoin? medium.com/@chrislarsensf…
Very pro-crypto
Warren Davidson
@WarrenDavidson
@BitcoinIsSaving And likely with the same people.
Very pro-crypto
Warren Davidson
@WarrenDavidson
How integral is Proof-of-Work to #BTC ? It’s in the abstract of the whitepaper…
bitcoin.org/bitcoin.pdf pic.x.com/fPHoAHz4qB
Very pro-crypto
Warren Davidson
@WarrenDavidson
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @BitcoinMagazine: "If you don’t see an attack on Proof-of-Work as an attack on #BTC, you understand neither." - U.S. Congressman https:/…
Very pro-crypto
Warren Davidson
@WarrenDavidson
If you don’t see an attack on Proof-of-Work as an attack on #BTC, you understand neither. It’s an attack on the fundamental architecture. Solana offers Proof-of-History as a distinctive alternative. Numerous others offer Proof-of-Stake.
Very pro-crypto
Warren Davidson
@WarrenDavidson
No nation should permit these fools to establish or set standards for CBDC. Cash and permissionless, self-custody must be preserved or freedom will be extinguished by authoritarian regimes. Absolute power corrupts absolutely.
#DefendFreedom #SoundMoney
youtu.be/wi2dbHC6vd4
Very pro-crypto
Warren Davidson
@WarrenDavidson
@digitalassetbuy @coinbase I also cannot explain why Congress has failed to even hold a hearing on my bipartisan Token Taxonomy Act - first introduced in 2018. Not even a hearing on the specific topic - a brightline test to determine when is a digital asset a security.
Very pro-crypto
Warren Davidson
@WarrenDavidson
I joined @RepTomEmmer and colleagues sending a letter to SEC Chair @GaryGensler regarding the SEC crippling crypto in America. We must promote American innovation rather than stifle it with an incoherent mix of bad regulation, selective enforcement, and ongoing inaction. x.com/GOPMajorityWhi…
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @BitcoinMagazine: "Sound money solves a multitude of issues." - U.S. Congressman on #Bitcoin 
pic.x.com/xZ874hr2pN
pic.x.com/xZ874hr2pN
Very pro-crypto
Warren Davidson
@WarrenDavidson
#ICYMI “The Keep Your Coins Act limits the government’s ability to infringe an individual’s property rights and privacy.”
“Davidson’s bill protects the right to self-store digital assets and blocks any law or regulation that mandates third-party custody. nationalreview.com/2022/03/the-ap…
Very pro-crypto
Warren Davidson
@WarrenDavidson
I didn’t realize @TheEconomist was about to publish its own manifesto. Ilk referring to Bitcoin? Really? Such contempt for #FreedomMoney reveals either a shocking level of ignorance (improbable) or a highly biased agenda (almost certain). x.com/TheEconomist/s…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Does @SenWarren understand that illicit activity accounts for around 1/1024th of total crypto transactions? Or that the giant sanctions loophole for Russian energy is Russia's biggest funding source? Apparently not. x.com/NBCNews/status…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Interesting take, and definitely a substantial factor. I would add that members' views on the Patriot Act tend to align with their views (if formed) on crypto. Pro-spying on citizens is often anti-crypto. Pro-crypto is anti-spying on citizens. It doesn't break on party lines... x.com/jerrybrito/sta…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Should members of Congress own Bitcoin?
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @Dennis_Porter_: Running a spaces to help connect policy makers and #Bitcoin industry leaders February 24th at 5pm PDT.
Special guest:…
Very pro-crypto
Warren Davidson
@WarrenDavidson
A number of people will undoubtedly recognize that, “Bitcoin fixes this.” That’s only true with self-custody. Account-based crypto has similar vulnerabilities. We also have a bill protecting self-custody: the Keep Your Coins Act.
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @BitcoinMagazine: 
BREAKING: U.S. Congressman introduces bill to protect #bitcoin self-custody and conducting peer-to-peer transactions…
BREAKING: U.S. Congressman introduces bill to protect #bitcoin self-custody and conducting peer-to-peer transactions…Very pro-crypto
Warren Davidson
@WarrenDavidson
Stablecoins should not be FDIC-insured and issuers should not be limited to federal depository institutions. This bad idea would harm existing consumers, investors, and state-regulated entities. The PWG approach would cause harm while essentially giving the market to big banks. pic.x.com/cuPi6ZxAuC
Very pro-crypto
Warren Davidson
@WarrenDavidson
I'm still processing the Boston Fed/MIT whitepaper on CBDC. While I have concerns about the idea and approach, I'm encouraged that the summary says, "Similarly, our goals of supporting self-custody..."
Should say, mandate for self-custody, but...
bostonfed.org/publications/o…
Very pro-crypto
Warren Davidson
@WarrenDavidson
In the FAQ, they address one of the primary concerns with very un-convincing response.
"Will a Federal Reserve-issued general-purpose CBDC be used as a surveillance tool?" pic.x.com/fVW53bOraw
Very pro-crypto
Warren Davidson
@WarrenDavidson
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @CryptoLawUS: “We cannot risk another surprise proposal hidden away in a large piece of legislation that would further broaden the surve…
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @BitcoinMagazine: "It is imperative to protect the attributes of cash transactions" that #bitcoin offers. - Congressman Warren Davidson…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Freedom & free markets are grappling for more than a voice in a GOP controlled by big government status quo Republicans.
Vaccine mandates + passports, women’s sports, healthcare, immigration, privacy, big tech, crypto, etc reveal divisions that need resolved in 2022.
Very pro-crypto
Warren Davidson
@WarrenDavidson
More surveillance capitalism… The banks are next. Then some of the same people seek to create a Central Bank Digital Currency (CBDC) - like China’s creepy surveillance tool - to see and potentially filter every financial transaction. Must protect P2P. washingtonexaminer.com/news/venmo-pay…
Very pro-crypto
Warren Davidson
@WarrenDavidson
The Bitcoin whitepaper -> genesis -> #SoundMoney
The idea, the vision, and the action have together changed the world for good. A rare and amazing feat… With humility and anonymity.
Thank you #SatoshiNakamoto. x.com/gladstein/stat…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Brought to you by the same people who led the effort to confirm Saule Omarova to OCC so she could create a CBDC, spy on your bank account, and filter your transactions. Hopefully the members of the committee are better than its current leadership. x.com/SenateBanking/…
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @TaylorPopielarz: I covered a big #cryptocurrency hearing that took place last week and spoke with Ohio's @WarrenDavidson (R) and @RepTi…
Very pro-crypto
Warren Davidson
@WarrenDavidson
I’ll be joining @cvpayne in a few to talk about yesterday’s #crypto hearing and US trade policy with China. Hope you’ll tune in!Very pro-crypto
Warren Davidson
@WarrenDavidson
Lots of reasons to be optimistic about #crypto after yesterday's hearing, but It’s vital that we protect the ability to self-custody our digital assets if we want to achieve a truly trustless, peer-to-peer network. pic.x.com/coXwQSBBmS
Very pro-crypto
Warren Davidson
@WarrenDavidson
#Bitcoin didn’t do this
We need to correct the spending problem and balance our budget.
More freedom.
Less government.
#SoundMoney x.com/gladstein/stat…
We need to correct the spending problem and balance our budget.
More freedom.
Less government.
#SoundMoney x.com/gladstein/stat…Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @CryptoBitLaw: @WarrenDavidson
Addresses the issue of leverage trading in #cryptotrading during the #crypto #congress hearing and touch…
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @BitcoinMagazine: A U.S. Congressman just explained what HODL #bitcoin means in a hearing 
pic.x.com/1Vkxx57QRX
pic.x.com/1Vkxx57QRX
Very pro-crypto
Warren Davidson
@WarrenDavidson
Very pro-crypto
Warren Davidson
@WarrenDavidson
Giving my #QuickTake on today’s Financial Services hearing on #crypto with @BloombergTV this morning. Hope you can tune in for all things #blockchain & the urgency of my #TokenTaxonomyAct.Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @CryptoLawUS: .@WarrenDavidson says it's unfair that regulators are attacking good-faith players who are working hard to do right.
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @RonwHammond: Fun fact: Wednesday’s hearing with the crypto CEOs has been in the works for years. 3 years ago @WarrenDavidson and I met…
Very pro-crypto
Warren Davidson
@WarrenDavidson
The Token Taxonomy Act has been begging for a hearing since 2018. Ask that @RepMaxineWaters and @PatrickMcHenry notice it for the 12/8/21 House Financial Services Commitment hearing on “Digital Assets and the Future of Finance”. #PassTTA
Very pro-crypto
Warren Davidson
@WarrenDavidson
Who indeed!
“It’s Congress job, not Gensler’s, to make crypto law. Everyone who cares about the future of crypto should demand legislation which makes the rules clear—for the people and the SEC.”
@RepDarrenSoto and I have the bipartisan solution. forbes.com/sites/roslynla…
Very pro-crypto
Warren Davidson
@WarrenDavidson
@cryptolvl9000 Well, Crypto Hermit, that's not how Congress works. The committee Chair (Maxine Waters currently) has to notice the bill for a hearing. Then, have a mark-up where other members of the cmte can offer amendments. If it passes in cmte, the Speaker MAY schedule it for the floor vote.
Very pro-crypto
Warren Davidson
@WarrenDavidson
On demand printer of money (destroyer of value) complains about #SoundMoney alternatives. Tips hand in favor of creepy surveillance tool version of CBDC… x.com/Xentagz/status…
Very pro-crypto
Warren Davidson
@WarrenDavidson
@RealCarlAllen I’m 100% opposed to the creepy surveillance state version she and the Chinese Communist Party support. True distributed ledger is not controlled by a central authority, is immutable, secure, private, etc. There is a reason people say: Bitcoin versus Sh!tc@in.
Very pro-crypto
Warren Davidson
@WarrenDavidson
Very pro-crypto
Warren Davidson
@WarrenDavidson
Here’s a guy who either does not understand Bitcoin, the US monetary system, or January 6th, OR he is willfully misrepresenting them all to deceive others. Sadly, he represents either views held or tactics practiced by a substantial number of my House colleagues. x.com/davetroy/statu…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Enjoyed talking to Very pro-crypto
Warren Davidson
@WarrenDavidson
Thankfully the working group recognized #stablecoins are intended to function as cash. Depository institutions need not be banks, however, banks are certainly depository institutions. Congress needs to define this framework and protect self-custody.
home.treasury.gov/system/files/1…
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @CoinDesk: Coming up on "First Mover":
• @JodieGunzberg on what's driving the #ETH rally
• Congressman @WarrenDavidson on the Biden adm…
Very pro-crypto
Warren Davidson
@WarrenDavidson
#Stablecoins are intended to be cash equivalents. Congress needs to provide regulatory clarity to ensure consumers are protected by disclosures while preserving access and liquidity for all, including via self-custody - like cash. x.com/CoinDesk/statu…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Question: How do you avoid having a third party stop your crypto withdrawals? Answer: Self-custody. We need to protect the right for individuals to maintain private #crypto wallets. x.com/binance/status…
Very pro-crypto
Warren Davidson
@WarrenDavidson
The #crypto industry deserves regulatory clarity when it comes to yield products and #stablecoins. I’m glad to be joined by @RepTomEmmer, @RepTedBudd, @RepAGonzalez & @RepTrey in requesting this clarity from SEC so that innovation can thrive in the USA. pic.x.com/8uRR4CnDYC
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @HesterPeirce: If government wants to bring law to crypto, it should behave lawfully: sec.gov/news/speech/pe…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Perhaps Americans will soon have an actual Bitcoin ETF? Like Canada, UK, Switzerland, and others… x.com/SEC_Investor_E…Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @FinancialCmte: Republican Leaders @PatrickMcHenry, @RepTomEmmer, and @WarrenDavidson request the U.S. Treasury clarify how stablecoins…
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @gladstein: Looking forward to discussing “Geopolitics of Bitcoin: Implications for US Sovereignty & National Security” with Congressman…
Very pro-crypto
Warren Davidson
@WarrenDavidson
@joeyjojoagren @CryptoLawUS @HesterPeirce @RepDarrenSoto Great question for the Chairwoman of the Financial Services Committee: @RepMaxineWaters. We should have a hearing on the bill, move to markup where others could offer amendments, and then vote. Unfortunately, as the world has noticed, the legislature is a bit disfunctional.
Very pro-crypto
Warren Davidson
@WarrenDavidson
@CryptoCriminal5 @digitalassetbuy @HesterPeirce @RepDarrenSoto Great question for the Chairwoman of the Financial Services Committee: @RepMaxineWaters. We should have a hearing on the bill, move to markup where others could offer amendments, and then vote. Unfortunately, as the world has noticed, the legislature is a bit disfunctional.
Very pro-crypto
Warren Davidson
@WarrenDavidson
Looking forward to gaining some clarity from Chairman Gensler on his intentions related to #DigitalAssets and #cryptocurrencies. #FinTech needs regulatory clarity.
#TokenTaxonomyAct x.com/FinancialCmte/…
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @CryptoLawUS: JUST ADDED to #CryptoLawTV:
The full clip of @WarrenDavidson's questions to @GaryGensler, who refused to comment on what…
The full clip of @WarrenDavidson's questions to @GaryGensler, who refused to comment on what…Very pro-crypto
Warren Davidson
@WarrenDavidson
When it comes to a #DigitalDollar, we need to make sure any US #CBDC promotes American values and protects civil liberties, especially #privacy. #4A #blockchain pic.x.com/PMPqFbdU6K
Very pro-crypto
Warren Davidson
@WarrenDavidson
Out of all possible alternatives, why do you suppose Joe Biden nominated someone to regulate banks who:
1. Advocated ending banking as we know it
2. Proposed transfer of bank accounts directly to the Federal Reserve
3. Is hostile to crypto & #Fintech? wsj.com/articles/compt…Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @twobitidiot: Smart crypto regulation would lead to 10x in tax receipts vs the $28 billion cited by CBO.
Door #1: foster the Financial…
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @SakshamSolank19: Things that China has banned:
Google in 2010
YouTube in 2009
Facebook in 2009
#Bitcoin in 2013, 2014, 2015, 2016, 20…
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @SenToomey: China’s authoritarian crackdown on crypto, including #Bitcoin, is a big opportunity for the U.S. It’s also a reminder of our…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Stablecoins are not securities. Some may be, but treating them all the same would be foolish and dishonest. The Token Taxonomy Act would provide necessary legal clarity. Congress must take action to allow #FinTech to flourish in America.
Very pro-crypto
Warren Davidson
@WarrenDavidson
Enjoyed an evening at @miamiuniversity with the @mubcblockchain. Thanks so much to Farmer School of Business Dean Jenny Darroch and the over 100 students who came out to talk about emerging trends in #blockchain and #cryptocurrency. pic.x.com/2XZyBK6NwG
Very pro-crypto
Warren Davidson
@WarrenDavidson
Regulatory clarity is desperately needed for #cryptocurrencies to flourish in America. But regulators should be clear that #Tether is a security not because it is a #stablecoin, but only because it is backed by actively managed securities. bit.ly/2VyDi8P
Neutral on crypto
Warren Davidson
@WarrenDavidson
#GoodNews Thank you @RonWyden! Thankfully crypto isn’t partisan. It was inserted by a Republican - not by Republicans. Similarly, we can be thankful that Senator Elizabeth Warren & Congressman Brad Sherman don’t represent a Democratic Party view on crypto or #FinTech. x.com/RonWyden/statu…
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @mktwwashington: Crypto allies rally against 'ignorant' new tax rules in bipartisan infrastructure deal marketwatch.com/story/crypto-a…
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @SeanMoran3: BREAKING: Exclusive – Bipartisan Infrastructure Bill’s $btc Cryptocurrency Tax Could Kill American Jobs, Threaten Libertie…
BREAKING: Exclusive – Bipartisan Infrastructure Bill’s $btc Cryptocurrency Tax Could Kill American Jobs, Threaten Libertie…Very pro-crypto
Warren Davidson
@WarrenDavidson
ICYMI: Talking #stablecoins, #tether, and the future of #cryptocurrency regs with Bloomberg's @DavidWestin: pic.x.com/UQd2r13scY
Very pro-crypto
Warren Davidson
@WarrenDavidson
I’ll be joining @MariaBartiromo this morning to talk about my bill to ban #vaccinepassports and the need for regulatory clarity in #cryptocurrency this morning. Hope you can tune in!Very pro-crypto
Warren Davidson
@WarrenDavidson
"I think U.S. policymakers and lawmakers are starting to realize that China and other countries are moving forward, recognizing that crypto and blockchain is a real priority, and that we are behind, unlike in the internet..."
@FSCDems
@FinancialCmte
nytimes.com/2021/06/26/bus…
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @BitcoinMagazine: U.S House of Representatives Hybrid Hearing
"China is building the creepiest surveillance tool in history. We should…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Great conversation here with @jason_vtf on #bitcoin, #CBDCs, and restoring privacy to Americans' financial information. x.com/RegulatoryJaso…
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @CynthiaMLummis: This is why people in government need to understand digital assets. The USA can be the beneficiaries of the CCP’s mi…
The USA can be the beneficiaries of the CCP’s mi…Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @BitcoinMagazine: "Sound money is a stable store of value and an efficient means of exchange. To defend freedom, America must return to…
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @MarketWatch: ‘Crypto congressman’ Warren Davidson sees momentum building for pro-bitcoin legislation on.mktw.net/3h6qzkD
Very pro-crypto
Warren Davidson
@WarrenDavidson
Of course they prefer to keep as much of the status quo as possible... No CBDC should become ubiquitous unless it is permission-less. This is inherently more secure, would restore some level of privacy, and modestly increase the prospects for #SoundMoney.
reuters.com/business/centr…
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @RepDarrenSoto: Our #blockchain & #cryptocurrency bills with @RepGuthrie & @WarrenDavidson just passed the House as part of @RepMcNerney…
Very pro-crypto
Warren Davidson
@WarrenDavidson
I applaud Chairwoman Waters' decision to elevate the attention given to Digital Assets by forming this working group. I look forward to working with colleagues to provide the regulatory clarity America needs to see this aspect of FinTech flourish. x.com/USHouseFSC/sta…
Very pro-crypto
Warren Davidson
@WarrenDavidson
When we talk about central bank digital currencies, we need to make sure that we are preserving the private and permission-less nature of Americans' financial transactions. #DigitalDollar #CBDC #FinTech
bit.ly/2S6rut2
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @cheddar: What does the future of Bitcoin look like? @WarrenDavidson gives us his take. $BTC pic.x.com/lDWulZOCbw
Very pro-crypto
Warren Davidson
@WarrenDavidson
Of course, he's been wrong about far more than #BTC, but @kyletorpey makes a a number of great points here: x.com/kyletorpey/sta…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Authoritarians want to use the financial system as a means of control rather than means of exchange and store of value. To #DefendFreedom we must defend #SoundMoney. And don’t buy this dishonest BS on energy; #bitcoin is actually growing investment in renewable energy globally. x.com/SenWarren/stat…
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @FinancialCaucus: .@SenLummis and @WarrenDavidson spoke at last week’s Bitcoin 2021 conference. #Bitcoin is about ensuring sound money,…
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @SenLummis: There’s a reason that crypto is used less for criminal activity than fiat currency.
blog.chainalysis.com/reports/2021-c… https://t.co/ayQ…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Big news from El Salvador! Nice thread explaining how #Bitcoin will likely accelerate development and help the people of El Salvador. x.com/nayibbukele/st…
Very pro-crypto
Warren Davidson
@WarrenDavidson
#BitcoinMiami2021 was a tremendous success. If you have an opportunity, please reply with your favorite ways to educate Congress on what needs done, or what needs understood to keep financial innovation flourishing in America. #FinTechTF x.com/BitcoinMagazin…
Very pro-crypto
Warren Davidson
@WarrenDavidson
Great to share a panel with @amtlawgeek, @Matt_Hougan, @stevenmcclurg, and Ryan Louvar. #Bitcoin2021 t.co/oCmF7BQEw3
Very pro-crypto
Warren Davidson
@WarrenDavidson
So excited that there's bicameral support for #crypto clarity in Congress. If we do this right, we will cement the US as the leader in innovation and entrepreneurship. #Bitcoin2021 x.com/CynthiaMLummis…
Very pro-crypto
Warren Davidson
@WarrenDavidson
RT @TheBitcoinConf: The Elusive Bitcoin ETF with Annemarie Tierney, Ryan Louvar, Matt Hougan, Steve McClurg and Representative Warren David…
Very pro-crypto