Name: Bitcoin in Congress with Warren Davidson - Bitcoin Magazine Podcast
Uploaded: 2021-05-20T17:34:32+00:00
Duration: 52 min 8 s
Description: On this episode of the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with Congressman Warren Davidson of Ohio! Congressman Davidson burst into the Bitcoin scene in 2019 when, in a congre

3 years ago

On this episode of the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with Congressman Warren Davidson of Ohio! Congressman Davidson burst into the Bitcoin scene in 2019 when, in a congressional hearing, he mentioned the difference between Bitcoin and “shitcoins,” putting the term shitcoin in the official congressional record.

Rep. Davidson has a history in the military and then as an entrepreneur which has greatly shaped his worldview and his understanding of the current fiat monetary and banking system. He recognizes the importance of sound money in a free society and why Bitcoin is well aligned with American values.

Rep. Davidson is on a financial services committee in Congress and is working hard to create more regulatory clarity for cryptocurrency in general in an effort to make America as competitive as possible for Bitcoin businesses to thrive. Rep. Davidson is acutely aware of how difficult it is today for a Bitcoin business to operate in the United States because of the lack of clarity and the purposely negligent attitude from the U.S. Securities and Exchange Commission regarding a Bitcoin exchange-traded fund (ETF). Rep. Davidson is a coauthor of the “Token Taxonomy Act,” which is supposed to bring an enormous amount of clarity and recognition of cryptocurrencies to the U.S. legal system. The act is still in early stages and Warren is fighting to get it the attention that it deserves.

Please enjoy this wide-ranging and fascinating conversation with Congressman Warren Davidson.

Timestamps:

0:00 - 6:07 Intro
6:07 - 7:05 Why is bitcoin important to Congressman Davidson?
7:05 - 9:12 Congressman Davidson's process of learning about bitcoin
9:12 - 11:38 Appreciating bitcoin's improvements upon the legacy system
11:38 - 14:46 What conversations about bitcoin are like in Washington
14:46 - 16:19 The fallout between Elon Musk and bitcoiners
16:19 - 17:24 Mining using renewable energy
17:24 - 18:56 The energy FUD and Elon's comments
18:56 - 21:45 Why should you care about bitcoin?
21:45 - 23:35 Getting Congress' involvement in blockchain
23:35 - 27:00 Bitcoin ETFs
27:00 - 28:54 What will it take to get a bitcoin ETF?
28:54 - 32:52 Bitcoin provides human freedom
32:52 - 36:26 Why is crypto going to make Americans more free?
36:26 - 39:24 The possibility of the government banning bitcoin
39:24 - 44:15 Why is the state encroaching on freedom?
44:15 - 45:27 Bitcoin is the technological pushback to the encroachment on freedom
45:27 - 47:06 Looking forward to the bitcoin conference
47:06 - 48:03 How to learn more about Congressman Davidson
48:03 - 49:30 The Token Taxonomy Act
49:30 - 50:39 Will the bill take away the capital gains tax on small to medium transactions?
50:39 - 52:08 Closing comments