Did Elizabeth Warren Just Endorse Bitcoin? Not So Fast

Did Elizabeth Warren Just Endorse Bitcoin? Not So Fast

No, U.S. Senator Elizabeth Warren, the Massachusetts Democrat who generally annoys the blockchain market, has actually not had an abrupt modification of heart on Bitcoin.

Warren has actually made herself as one of blockchain’s fiercest critics in the Senate, leading costs like in 2015’s Digital Asset Anti-Money Laundering Act that intended to suppress the capability for banks to negotiate in bitcoin and other cryptocurrencies.

Offered the Senator’s anti-Bitcoin track record, it came as a surprise this week when she appeared to sign off on a main order commanding a flag be flown over the U.S. Capitol in honor of pseudonymous Bitcoin developer Satoshi Nakamoto.

The Bitcoin neighborhood right away took on the news, recirculating a short article on X (previously Twitter) from Bitcoin Magazine commemorating Warren’s “unexpected accept of Bitcoin.”

Look a little closer, nevertheless, and the advancement seems little bit more than a creative stunt managed by Bitcoin advocates.

Some credulous analysts commemorated Warren’s “recommendation,” social networks sleuths rapidly mentioned that anybody can, for a charge, submit a type on the Senator’s site to have actually a flag flown over the U.S. Capitol.

If there’s any takeaway in Bitcoin Magazine’s tongue-in-cheek post– which applauds Warren for having actually lastly “seen the orange-tinted light” (a referral to the orange bitcoin logo design)– it may be that the senator’s workplace obviously takes a distinctly free-speech technique to moderating submissions to its flag demand kind.

Bitcoin Magazine has actually not reacted to CoinDesk’s ask for remark. A call to a contact number noted on a news release from Senator Warren’s workplace did not go through; a call to the senator’s press workplace recommended press reporters put their concerns in an e-mail; CoinDesk’s e-mails to journalism workplace for remark were not right away returned.

Modified by Bradley Keoun.

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