Bitcoin Magazine Podcast Rep. Warren Davidson: The Clarity Act, Digital Cash as an American Value | Bitcoin Politics Ep. 2
Jul 23, 2025
Warren Davidson, the U.S. Representative for Ohio's 8th district and a strong advocate for blockchain technology, joins the discussion to illuminate critical issues surrounding cryptocurrency regulation. He dives into the Clarity Act and its implications for self-custody rights. Davidson also shares insights on the challenges posed by CBDCs and the Tornado Cash trial, emphasizing the need for legal protections for non-custodial technology. Highlighting the shift towards digital cash, he argues for the importance of financial privacy and legislative momentum for the Bitcoin Act.
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Digital Cash Custody Under Threat
- Governments keep trying to ban noncustodial custody of digital assets, effectively banning digital cash.
- This infringes on financial freedom akin to banning physical cash.
Limitations of the Genius Act
- The Genius Act focused on regulating stablecoins but ignored wholesale CBDCs.
- The Clarity Act was introduced to amend market structure and address some stablecoin concerns.
Bank Surveillance Spurs Bitcoin Demand
- Bank Secrecy Act created excessive surveillance in banking, fueling demand for Bitcoin’s permissionless payments.
- Privacy in payments is essential, yet current laws make financial privacy nearly impossible.