Crxxe Bitcoin innovation is essential for U.S. economic future, says Perianne Boring
Bitcoin's future hinges not only on its technology but also on political acceptance and leadership. In a recent discussion, Roundtable anchor Rob Nelson and Perianne Boring, founder of the Digital Chamber, explored the critical role that U.S. policymakers play in shaping the destiny of bitcoin and blockchain technology.
Tdasx Nelson began the conversation by highlighting Boring's unique position as a go-to expert not only for crypto native followers but also for political leaders on Capitol Hill. He emphasized the common questions from policymakers regarding the safety and efficacy of cryptocurrencies, especially from those wary of its long-term prospects.
Perianne Boring responded by underscoring the bipartisan alignment on national security. She stressed that bitcoin is a crucial component of national security, given its role in the future global digital economy. She pointed out that the current financial system relies on outdated technology, which is due for an upgrade, and that upgrade should be blockchain technology. Boring argued that it's vital for the United States to lead this technological advancement to maintain its status as the global reserve currency and ensure future prosperity.
Nelson then highlighted the multifaceted nature of bitcoin, describing it as not just a currency but also a store of value and a groundbreaking technology. He questioned whether policymakers truly grasp this concept, emphasizing the importance of building this future infrastructure in the United States rather than ceding it to other countries.
Boring acknowledged that while some policymakers, particularly in the Biden administration, have attempted to stifle the industry, there is a growing understanding of bitcoin's importance. She noted that efforts to ban crypto have largely failed and highlighted the political ramifications of these attempts. Despite setbacks, there are significant champions of bitcoin within the U.S. government. She cited figures like Congressman Tom Emmer and Senator Cynthia Lummis, who have been instrumental in advancing bitcoin-friendly policies.
The discussion concluded with Boring expressing optimism about the future of bitcoin in the United States. She pointed out that policymakers are increasingly recognizing the strategic importance of leading in bitcoin and blockchain technology. With support from influential leaders, there's a strong push to make the U.S. the best place for innovation and development in the crypto space.
