During the Bitcoin 2021 conference in Miami, Congressman Warren Davidson, and US Senator Cynthia Lummis, spoke about privacy issues.
“At the end of the year, if you think about it, Secretary Mnuchin was talking about banning private wallets. That’s a horrible approach. If we don’t protect private wallets, someone is going to try to ban them,” Davidson declared.
He added: “I wish the country would take the threat to privacy as seriously as they take the threat to the second amendment.”
Lummis also spoke about how important it is to educate the US government on the issues of Bitcoin: “We’re trying to create a financial innovation caucus so we can use it to educate members of the U.S. Senate and their staffs about Bitcoin, its advantages, and why it is just such a fabulous asset to dovetail with the U.S. dollar. It can be the underlying network, worldwide, to keep the dollar the global reserve currency, but still allow people to transact in a very freedom-loving way.”
She further added: “Whether you’re in Venezuela, where the inflation is outrageous and you’re trying to get your wealth out of the country, you can get it out through Bitcoin. And, the United States, if we get to the point where we’re experiencing the kind of inflation we’ve begun to see this year, we may want that alternative as well.”