America is the envy of the world, supported by our unparalleled economic power and derives from the supremacy of the US dollar as a choice of choice. In recent times, however, our domain has been eroded. Both due to the negligence by former administrations or economic aggressions by the opponents, other forms of currency have increased in an attempt to replace the dollar. With this, our ability to exploit access to financial institutions supported by us has decreased. The efforts to undermine our monetary domain led to the fragmentation of the world’s financial system and have marked an erosion of the American global influence.
In addition, our national debt has become a financial albatro that threatens our ability to remain the only global superpower. Now we spend more than our national budget for interest payments for our national debt than we spend for vital services and social benefits. This must stop.
President Trump has a bold vision for our country, which has implemented with skill and speed. A milestone of his vision is restoring the American monetary domain, restoring the conditions for long -term stability and reaffirming our reliability on the world phase.
The executive order of the president to establish a strategic bitcoin reserve should arrive as a pragmatic step not partisan in the restoration of American domain. The president understands that Bitcoin can be used just as we used gold to strengthen the US dollar. Bitcoin is an apparent resource has the potential to reduce our national debt over years or even eliminate it all together. The president sees his potential and wants us to use it for the good of our nation.
In tandem for the president’s EO, I sponsored a bill written by Senator Cynthia Lummis of Wyoming to encode in law what the president has set in motion through his visionary executive order. Financial markets thrive on certainty and stability, as well as Bitcoin. By implementing the executive order of the president in law, we realize this: to provide stability to an effort designed to help us build economic resilience and geopolitical power.
The good news is that we already have billions of Bitcoin. Let’s make it work for us, let it grow and make it protect us while we are soon at the game. We lead the world in flight, running to the moon, now we have worked to make America a leader in the AI and our mentality with Bitcoin should not be different. We must show the world that we are the home of future financial innovation.
I explained before the need to articulate Bitcoin and other cryptocurrencies for people at home – to those I call “Toby and Edith”. We need them to understand that this is not simply gambling on Penny Stock and hug Bitcoin as if we do gold will level the playing field for both families and small businesses: allow them to grow and thrive.
The problem remains relatively not partisan at the moment if because of the indifference to learn Bitcoin’s in-out or simply because of how new the concept is, but this offers us the opportunity to teach people here in Washington, as well as Toby and Edith throughout the country the benefits of using a strategic reserve of Bitcoin.
Doing hand in hand with education is to ensure that our regulatory framework encourages innovation and economic growth. We want to do it well the first time. With the supervision of the regulation of digital resources from my position in the Senate Agricultural Committee, I intend to bring a substantial discussion to the table, work with the CFTC to build the regulatory framework suitable for growth and designate a delineation between the CFTC and the century when it comes to a jurisdiction of digital activities.
I look forward to the purchase from the inside and from the outside of Washington on Bitcoin and is potential to keep us safe and prosperous as a country. We all have a job to do. For example, I will roll my sleeves and launch myself to transform the vision of President Trump for Bitcoin a reality.
This is a post for Jim Justice’s guests. The opinions expressed are entirely proper and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.