No Small Plans: A Nationwide Opportunity Zone for Bitcoin Mining
A nationwide opportunity zone for Bitcoin mining would facilitate massive expansion and capital investment.
Some members in Congress are seeking new bills that will fundamentally eliminate stable coins and cryptocurrency, by forcing any issuance to happen through FDIC insured banks. See a statement by Rashida Tlaib on her STABLE Act here.
Bitcoin mining in the United States should be tax-exempt.
— Bitcoin is Saving 13% (@BitcoinIsSaving) December 6, 2020
The reality is, a good offense is the best defense. We as an industry must promote the expansion of our breakthrough assets aggressively, or risk being regulated away. To sit idle and wait, risks a loss of the the innovation race to Asia in this bleeding edge global technology dogfight that will not suffer the folly of fools. Those who defend the status quo which has already been effectively made obsolete in every way except their ability to stifle competition are not serving the interests of our nation, or our global partners.
A one-pager on the STABLE Act can be found here.
Full bill, Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act, full text can be found here.
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