Congressman Schweikert: Is Bitcoin Threat to US Dollar?
Congressman Schweikert wants to know what Bitcoin means for the US dollar. In a recent exchange at a meeting for the Committee on Small Business, Congressman David Schweikert decided to ask the panel of distinguished guests about the possibility of Bitcoin as a long term threat to the US dollar. Although he admitted that this is nothing to worry about over the short term, the reality is that we don't know where we'll be ten years from now. Even if Bitcoin is not the cryptocurrency of the future, we could be facing a situation where some form of stateless money is eventually preferred over....
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Once viewed with fear and uncertainty by lawmakers, bitcoin and blockchain technology were heralded as innovations by US Congressman David Schweikert (R-AZ) at an industry conference yesterday. The inaugural DC Blockchain Summit, produced by industry trade group the Chamber of Digital Commerce and held in Washington, DC, saw Schweikert and Natalee Binkholder, deputy chief of staff for Congressman Mick Mulvaney (R-SC), speak openly about the technology for the first time. Representative Schweikert, in particular, presented an optimistic vision for blockchain, discussing how the technology....
Arizona Congressman David Schweikert, a member of the House Financial Services Committee, is to address a blockchain conference in Washington, DC, this March. For the Republican representative, who is also on the Joint Economic Committee, the DC Blockchain Summit will be the first time he has spoken before members of the bitcoin and blockchain community. The congressman has said he is a "strong advocate" for efficiencies in the modern economy, and likes to collaborate with entrepreneurs and innovators to increase trade and drive economic growth. The event is being organised by....
Blockchain is gaining notice from at least one member of the U.S.Congress, according to TechTarget. U.S. Rep. David Schweikert, R-Ariz., called on attendees at the DC Blockchain Summit in Washington, D.C. to educate lawmakers about the technology’s benefits so that lawmakers can address it in a way that benefits the economy as opposed to excessive regulation. Schweikert, who serves on the House of Representatives’ Financial Services Committee, noted banks are scrambling to ensure blockchain technology doesn’t disintermediate them. He said he has followed cryptocurrencies for a number of....
Source: United States Congress. It's not often you hear a congressperson in the United States foresee doom on a national currency, but congressman Ron Paul sees something in bitcoin that many people today don't. As such, he recognizes that "[t]here will be alternatives to the dollar, and [bitcoin] might be one of them". He goes on to say that "it'll go down in history as the destroyer of the dollar," assuming individuals begins mass-adopting the cryptocurrency. Then there's the group of folks who thinks bitcoin will go nowhere but down. The potential is there, but bitcoin holds a promise....
Congressman Jared Polis Calls For U. S. Dollar Ban in Response to Sen. Manchin's Call to Ban Bitcoin
Congressman Jared Polis Source: Office of Congressman Jared Polis. In response to a recent demand from West Virginia Senator Joe Manchin for federal regulators to ban bitcoin, Congressman Jared Polis of Colorado has called for the United States Treasury to ban physical U. S. dollars. "I write today to express my concerns about United States dollar bills. The exchange of dollar bills, including high denomination bills, is currently unregulated and has allowed users to participate in illicit activity, while also being highly subject to forgery, theft, and loss," he wrote in his statement....