Home » Cryptocurrency News » Cryptocurrency News » US Congressman expresses importance of crypto wallet privacy US Congressman expresses importance of crypto wallet privacy June 4, 2021 0 Comments Cynthia Lummis and Warren Davidson speak on Bitcoin’s importance and personal privacy during an interview at Bitcoin 2021 in Miami.
At the bustling Bitcoin 2021 conference in Miami, Congressman Warren Davidson, alongside United States Senator Cynthia Lummis, sat down to field interview questions.The interview took a turn toward privacy, with Davidson responding with comments on crypto wallets.
“At the end of the year, if you think about it, Secretary Mnuchin was talking about banning private wallets,” Davidson said, responding to a question about the possibility of over-regulation in crypto.“That’s a horrible approach,” he added.“If we don’t protect private wallets, someone is going to try to ban them.”
As Davidson mentioned, December 2020 saw the U.S.
Treasury suggest strict overwatch on self-custodied digital asset wallets, with certain specifics, such as calling for more information from users transacting with wallets held away from crypto exchanges.
“I wish the country would take the threat to privacy as seriously as they take the threat to the second amendment,” he said.The second amendment of the U.S.Constitution gives citizens gun ownership rights.
Taking her turn at a response, Lummis noted the importance of teaching U.S.
government folks on Bitcoin.“We’re trying to create a financial innovation caucus so we can use it to educate members of the U.S.Senate and their staffs about Bitcoin, its advantages, and why it is just such a fabulous asset to dovetail with the U.S.dollar,” she said.“It can be the underlying network, worldwide, to keep the dollar the global reserve currency, but still allow people to transact in a very freedom-loving way,” she said, adding:
“Whether you’re in Venezuela, where the inflation is outrageous and you’re trying to get your wealth out of the country, you can get it out through Bitcoin.And, the United States, if we get to the point where we’re experiencing the kind of inflation we’ve begun to see this year, we may want that alternative as well.”
In recent years, Venezuela has seen soaring levels of inflation amid a broad economic decline that was partially tied to the oil-price collapse of 2014.
The Bitcoin 2021 conference in Miami thus far has hosted significant action in terms of speakers and discussions.The event will continue for a second day on Saturday.
Share this: XMR Cryptojacking Malware Smominru Updated, Now Targeting User Data Malware Smominru mines Monero (XMR) on at least half a million infected computers and now also steals sensitive personal data.An updated malwareCybersecurity company Carbon Black claimed that its Threat Analysis Unit “uncovered a secondary component in a well-known cryptomining campaign” in a report published on Aug.7.
According to the firm, the malware has now… Bitcoin bull Tim Draper reveals the secrets of his altcoin portfolio Tech billionaire, Tim Draper, has revealed he owns a myriad of altcoins in addition to his 30,000 BTC.Tim Draper, the prominent venture capitalist and tech billionaire who purchased nearly 30,000 Bitcoins (BTC) that were seized from the Silk Road, has revealed his digital currency holdings span at least half a dozen different crypto assets.
… UK Gov’t Faces Questions Over Impact of Crypto Bear Market on UK Blockchain Industry The U.K.government has faced questions over whether it is actively monitoring the impact of the global crypto market downturn on the domestic blockchain industry, Finance Feeds reports September 18.Lord Taylor of Warwick is reported to have asked “Her Majesty’s Government what assessment they have made of reports that the value of cryptocurrencies in the… How to Keep Data Private With Google and Apple’s Contact Tracing App In a rare instance of cooperation, Google and Apple, two pillars of the global tech industry, announced a joint effort to create a COVID-19 exposure tracing application for mobile phones in conjunction with world governments.The app, which is set to be available on both Android and iOS phones, relies on Bluetooth technology to warn… SEC Staff Publish Framework for Determining If Digital Assets Are Investment Contracts Staff at the United States Securities and Exchange Commission (SEC) have published a framework to help market participants ascertain whether or not a digital asset is deemed to be an investment contract, and therefore a security.The new “Framework for ‘Investment Contract’ Analysis of Digital Assets” was published on April 3, accompanied by an official… Polkadot indicator? Data shows Ethereum price follows it to the DOT Market capitalization and ‘flippenings’ happen to be important reflections of value for many crypto pundits and investors.Anyone who’s been in the game since 2017 will recall the heated discussions revolving around the Ether (ETH) to Bitcoin (BTC) flippening and the same commotion was caused by Bitcoin Cash (BCH) and EOS flipping top blockchains as they… Cryptocurrency and Smart Contracts Will For Sure Enter Into Society, Says Senior UK Lawyer One of the United Kingdom’s most senior lawyers said in a speech on May 2 that cryptocurrency and smart contract use will inevitably begin, but regulations are needed.Addressing the University of Liverpool School of Law and the Northern Chancery Bar Association, Sir Geoffery Vos, Chancellor of the High Court, dedicated time to exploring necessary changes… Japan: E-Commerce Giant Rakuten’s New Payment App Appears to Support Crypto Japanese e-commerce firm Rakuten announced that a major update of its Rakuten Pay mobile app will be released on March 18, according to the firm’s 2018 earnings release, published on Feb.12.The app’s new structure appears to indicate that it will support cryptocurrency payments in addition to fiat.According to the company’s presentation material for… Ethereum’s Constantinople Hard Fork Faces ‘Consensus Issue’ in Testing An alleged “consensus issue” in the testing of a planned hard fork of Ethereum, called Constantinople, has caused a testnet to be “not usable,” according to a tweet from Ethereum blockchain infrastructure firm Infura October 13.Infura’s tweet also advises developers to use other testing networks while the Ethereum developer community is “investigating” the issue.As reported… Leave a Reply You must be logged in to post a comment.
Search.
