Jack Dorsey , founder and CEO of Twitter and head of the payment service Square, is an avowed fan of crypto currencies such as Bitcoin and the underlying blockchain technology. In March, Dorsey sold his first tweet from 2006 as a non-fungible token (NFT). The Tweet NFT raised $ 2.9 million. Now Dorsey has caused a stir with a Bitcoin-friendly tweet.
Dorsey: Bitcoin is supposed to unite divided country
In the A Twitter message says that Bitcoin will unite a deeply divided country. This probably means the USA, even if the country is not mentioned explicitly. As an addition in brackets, Dorsey wrote that Bitcoin would ultimately also unite the world. What Dorsey could have meant by that remains unclear. On the other hand, it seems certain that the tweet can be rated as a reaction to a Senate decision.
This was a previously negotiated proposal for amendment to the ideas for the regulation and taxation of crypto contained in the billion dollar infrastructure package of US President Joe Biden Industry rejected in the Senate. The original version would also include providers of software or services in the field of cryptocurrencies in the new regulations.
Amendment proposal fails on 87 -Year-old
That would mean that wallet providers, for example, also count as brokers – with corresponding obligations, such as information about users and customers To have to pass on to authorities. The proposed amendment wants to bring more conceptual clarity into it, as Bitcoin-Kurier reports. The proposal failed because of the dissenting vote of the 87-year-old US Senator Richard Shelby, who demanded a $ 50 billion higher military budget for his vote.
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Crypto investor Mike Novogratz commented on the decision by proposing a law to remove people aged 80 and over from the US Senate. “The world is changing too quickly for 70- and 80-year-olds to make all the important decisions,” says Novogratz.
By the way, Dorsey had already made positive, but cryptic, statements about Bitcoin a few weeks ago . As part of the Bitcoin conference “The B Word”, at which Tesla boss Elon Musk was also present in addition to Dorsey, the Twitter boss said that he hoped that Bitcoin would bring world peace. Basically, according to The Verge, it was probably about the fact that Bitcoin, as an alternative to the conventional monetary system, could eliminate fundamental problems in the future. How exactly this should work, however, Dorsey left in the dark.
