Every Member of Congress To Earn Free Bitcoin
All Members of Congress are about to become Bitcoiners after a new initiative to help them learn about and earn free Bitcoin was launched.
‘Crypto for Congress’ has been launched and will see all members of congress given contributions in Bitcoin (BTC).
The initiative is supported by Congressional Blockchain Caucus members, including Bitcoiners on the hill: Representatives Darren Soto and Tom Emmer.
Crypto For Congress To Give Out Free Bitcoin
Crypto for Congress is an educational initiative aimed at expanding the adoption of Bitcoin and other digital assets among Congressional candidates, elected leaders, and engaged citizens.
Each member will receive $50 of Bitcoin after the Chamber of Digital Commerce launched the initiative to educate Washington about the power of Bitcoin and blockchain technology.
According to the announcement dated October 5, 2020,
‘All members of the United States Congress will receive a campaign contribution in Bitcoin.’
The initiative is to introduce 535 members of Congress to Bitcoin and give them ‘the opportunity to interact with and fully realize the potential of blockchain technology.’
As well as the free Bitcoin, each member will also be offered online educational training, a toolkit, and various resources, so they can get to grips with the innovative technology.
The Chamber of Digital Commerce
The Chamber of Digital Commerce is a US advocacy group. It was formed in 2014 and is headquartered in Washington DC.
Its aim is to promote Bitcoin and the industry as a whole that is emerging through blockchain technology.
It has former JPMorgan executive Blythe Masters, and former CFTC Chairman, Christopher Giancarlo on its advisory board.
The non-profit has regularly lobbied for Bitcoin and blockchain in the past but the Crypto for Congress initiative is its biggest and boldest move yet.
The organization is clear that it intends to get everyone into Bitcoin and up to speed with how blockchain works by offering a hands on approach.
‘Now is the moment for all members of Congress to learn about and embrace cryptocurrencies and blockchain technology,’ said Perianne Boring, the organization’s president. ‘And the best way to do that is to set up a digital wallet and get started on the blockchain journey.’
The Government Must Act Quickly To Stop a Financial and Brain Drain Away from The US
It’s clear The Chamber of Digital Commerce sees time as key in the race for blockchain supremacy.
With fear of an innovation and financial drain away from the US, the lobbyist organization believes the government has to act quickly.
‘Many other nations like China, Japan, Singapore and Switzerland have rapidly embraced blockchain technology and created robust national plans to be global leaders in this area. The United States is falling behind in technological innovation and this is not a risk we should be willing to take.’
And the non-profit has supporters from Congress backing it. Rep. Tom Emmer, known for wanting to reign in government spending, is supporting the initiative.
‘Crypto for Congress brings an opportunity for our entire Congressional community to join this generational shift in finance and technology,’ said Emmer. ‘By embracing the digital asset movement, we have an opportunity to take a significant step forward to ensure America’s leadership position in the future of the global economy.’
Whereas, Rep. Darren Soto, who recently called upon Congress add blockchain and smart contracts to the Electronic Records Act, is also behind the campaign.
‘As lawmakers, it’s our duty to ensure the United States leads in blockchain technology,’ said Soto. ‘Understanding how this technology works at a hands-on level is an important step we must take to promote innovation and maximize the potential of cryptocurrencies for the U.S. economy.’
Washington Is Taking a Crash Course In Blockchain Technology
The rise and adoption of Bitcoin is inevitable, and if Washington rejects it and the underlying technology blockchain, the US will quickly become the latest past superpower.
But it won’t reject it. The government might come across as stupid, but the people working behind the pantomime show are too sharp to let this slip.
The Chamber of Digital Commerce, with some big names on its board are working to speed up US clarification on Bitcoin and blockchain.
And the Crypto for Congress is a fantastic initiative that will ensure even a small section of the dinosaurs on the hill get Bitcoin.
It will certainly help speed up adoption of the most innovative technology of out lifetime, and possibly ever. And that is something the government shouldn’t lag on too much.
Author: Tommy Limpitlaw
How can I earn free Bitcoin?
Nothing is really free, because even when you earn free Bitcoins you’re giving up your time, which is precious. But you can earn free Bitcoins. If you are a gamer, there are games like Bitcoin Bounty Hunt where you shoot your way to Bitcoin riches. Or there’s Carrot – a platform where you can earn free Bitcoin for doing tasks. Or you can save your Bitcoin in an interest bearing account and earn some Bitcoin interest. Be careful with interest bearing accounts, and only go with legitimate companies, though. I recommend Blockfi, you can read the review here.
Where is the safest place to buy Bitcoin?
There are many safe places to buy Bitcoin, and it all depends on your preference. You can buy Bitcoin on typical cryptocurrency exchanges, such as Binance and Kraken. Or you can buy it from peer-to-peer Bitcoin marketplaces, such as Paxful and LocalBitcoins. You can also buy Bitcoin from Bitcoin ATMs. It all depends on your location and preference.
What price will Bitcoin reach?
There have been many price predictions ranging from $0 to tens of million per Bitcoin. But the truth is, nobody knows for sure. However, it is the soundest and hardest money ever created. Many say it is digital gold, but I believe in the digital age, it is more useful than gold. So, let’s say Bitcoin reaches the market cap of gold, which is believed to be $10 trillion, each Bitcoin would be worth $500,000. Is that reachable? Absolutely! Will it be plain sailing? Absolutely not!
How can I buy Bitcoin in USA?
There are many reputable Bitcoin exchanges operating in America. However, the most recommended exchanges are Kraken or BlockFi. Or you can buy Bitcoin from Bitcoin marketplaces, such as LocalBitcoins or Paxful.
All of these exchanges and marketplaces are global with high liquidity and excellent customer service. Check out our reviews on each platform.
A Bitcoiner since 2017 and a Bitcoin Maximalist since 2018, Tommy is our main writer and editor at Bitcoin Maximalist. Other than researching and writing about Bitcoin, Tommy loves spending time with his family and supporting his beloved Leeds United.