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Author: Jim Justice, Bitcoin Magazine; Compilation: Wuzhu, Bitcoin Chain Vision
The United States is envied by the world, and its roots lie in our unparalleled economic strength and the dominant position of the US dollar as the preferred currency.However, in recent years,Our dominance has been weakened.Whether it is due to the negligence of previous administrations or the economic aggression of opponents, other forms of currencies have emerged in an attempt to replace the dollar.As a result, our ability to use U.S.-backed financial institutions has also weakened.The attempt to undermine our currency dominance has led to a split in the world’s financial system and marked a weakening of the US’s global influence.
also,Our Treasury bonds have become a heavy financial burden, threatening our ability to continue to maintain its status as the world’s sole superpower.Now, our national budget for paying interest on government bonds has exceeded the expenditures for important services and social welfare.This situation must be stopped.
President Trump has a bold vision for our country – he has been putting it into practice with skillful skills and rapid speed.The cornerstone of his vision is to reshape the United States’ monetary dominance, rebuild long-term and stable conditions, and reaffirm our reliability on the world stage.
The president’s executive order on building strategic Bitcoin reserves should be a non-partisan and pragmatic move to restore U.S. dominance.The president understands that Bitcoin can be used just like we use gold to support the dollar.Bitcoin is an appreciation asset that has the potential to reduce our country’s debts or even eliminate them completely within years.The President sees its potential and hopes that we can use it to benefit the country.
In parallel with the President’s Executive Order, I co-sponsored a bill drafted by Wyoming Senator Cynthia Loomis to codify the initiatives initiated by the President through his visionary executive order.The prosperity of financial markets depends on certainty and stability, and so is Bitcoin.By promulgating the president’s executive order into law, we achieve this goal: to provide stability for causes that aim to help us enhance economic resilience and geopolitical strength.
The good news is that we already have billions of dollars worth of Bitcoin.Let’s make it serve us, let’s make it grow and grow, let’s let it protect us early in the game.We are leading the world in the field of flight, in the lunar race, and now we are working to make the United States a leader in artificial intelligence, and so should our attitude towards Bitcoin.We need to show the world that we are the birthplace of future financial innovation.
I have previously explained the importance of Bitcoin and other cryptocurrencies to the people in the country – people I call it “Toby and Edith”.We need to let them understand that this is not just gambling on low-priced stocks, embracing Bitcoin like embracing gold will level the playing field for families and small businesses: letting them grow and grow.
At the moment, this issue is relatively partisan, whether because people are indifferent to understanding the ins and outs of Bitcoin or simply because the concept is too new, but it provides us with an opportunity to teach people in Washington and people across the country the benefits of building strategic Bitcoin reserves.
What complements education is to ensure that our regulatory framework encourages innovation and economic growth.We hope to do this for the first time.With my experience in digital asset regulatory oversight roles on the Senate Agricultural Committee, I intend to have a substantial discussion on this, work with the U.S. Commodity Futures Trading Commission (CFTC) to build a growth-friendly regulatory framework and clarify the boundaries between the CFTC and the SEC in terms of jurisdictional regulation of digital assets.
I look forward to both Washington and outside of the world to identify with Bitcoin and believe that it can ensure the security and prosperity of our country.We all have work to do.I will roll up my sleeves and do my best to make President Trump’s vision of Bitcoin a reality.
