Coin Stories U.S. Rep. Ro Khanna (D-CA): Vice President Kamala Harris Should Embrace Bitcoin and Repeal SAB 121
Sep 30, 2024
Congressman Ro Khanna, a Democratic representative from California’s Silicon Valley, discusses the evolving landscape of Bitcoin in politics. He delves into President Biden's veto on SAB 121 and its implications for cryptocurrency regulation. Khanna argues for a bipartisan approach and the potential for Bitcoin to decentralize wealth. He also explores Vice President Kamala Harris's role in crypto policy and suggests using seized Bitcoin as a reserve asset. Ultimately, Khanna emphasizes Bitcoin’s transformative power in addressing modern economic challenges.
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Bitcoin Journey
- Ro Khanna's Bitcoin conviction grew from exposure in Silicon Valley and observing its use overseas.
- Younger people using it as a store of value and for transactions further solidified his belief.
Bipartisan Bitcoin
- Bitcoin adoption transcends partisan lines, similar to other technologies like AI or electric vehicles.
- Democratic suspicion stems from concerns about wealth concentration, but Bitcoin can decentralize access.
Promoting Bitcoin
- Advocate for Bitcoin within the Democratic party; push for regulatory clarity.
- Support Bitcoin as a store of value and a means of payment, and overturn unfavorable regulations.