A Horrible Admin - Biden Vetoes Bitcoin & Digital Asset Custody Bill!

SatsMate Show

Hey All,
The current administration has been outright against all things Bitcoin/Digital Assets. I think the evils in this world understand the power that Bitcoin can give the individual, and if we have powerful citizens, then they won't be submissive to the government. The government will always try to do everything it can to further inch its control on others. I hope we see privacy layers above Bitcoin win out, but also be a country where we can attract the best and the brightest.
Our future as a country depends on this! The alternative is financial repression, financial control & censorship. We also don't ever want to see a large amount of the population leave due to brain drain. We want to attract the best and the brightest. I am hopeful for a future without this administration, but we can't just rely on that. We must be proactively supporting the right causes.

• This bill has received bipartisan support across both the Senate and the House of Representatives
• This bill helped establish accounting standards for firms to custody crypto
• Would help increase adoption amongst financial players across the industry
• Biden essentially is saying that he won’t support measures that jeopardize the well-being of consumers when ultimately these consumers he is hurting the most
• Cory Booker, Chuck Schumer, and many other prominent democrats walked away from their party line to support this bill
• SEC is looking to gain more control, and the deep state keeps inching forward to more dominance
• Overall, a lot of this from my view will be water under the bridge as Biden’s term is nearing completion and from my view, he won’t get re-elected
• A point on reaching out to your representatives can be made here
• In the end, self custody your own - and vote and tell others to vote this election
• It's just a matter of whether Bitcoin and digital asset innovation remain in the U.S. or will trend overseas in the future

Speak up for all that is wrong in this administration. We want to see more freedom and sovereignty when it comes to our money.
I hope you all enjoyed this one. I'll catch you in the next one.
Best Regards,
SatsMate
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Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before making an investment. With investing, you risk losing money, always read an investment prospectus and make an informed decision before allocating capital to a particular investment

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