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US Lawmakers Piling Into Crypto by taskmaster4450

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· @taskmaster4450 ·
$79.39
US Lawmakers Piling Into Crypto
<center>

[![](https://ipfs-3speak.b-cdn.net/ipfs/bafkreias3xoarejdomnf6q7dweic7rmygczqszqubpr7o7em5k2lymrbjy/)](https://3speak.tv/watch?v=taskmaster4450/bbucuyhc)

▶️ [Watch on 3Speak](https://3speak.tv/watch?v=taskmaster4450/bbucuyhc)

</center>

---

With  their financial disclousre report, many lawmakers are accumulating some cryptocurrency.  This is a trend we can expect to continue.

In this video I discuss how a number of Senators and a couple House members disclosed those own cryptocurrency.  There are also a number of others who own GBTC and the ETH trust.  We are going to see this mounting as more members of Congress come from the technology generation.



Here is the article mentioned in the video:

https://zycrypto.com/us-lawmakers-have-been-loading-up-on-bitcoin-ethereum-cardano-report/

---

▶️ [3Speak](https://3speak.tv/watch?v=taskmaster4450/bbucuyhc)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 348 others
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vote details (412)
@ai-summaries ·
**Summary:**
In this video, the speaker discusses a recent article about US lawmakers investing in cryptocurrencies such as Bitcoin, Ethereum, and Cardano. He highlights some key senators who have disclosed their investments, emphasizing that their involvement in crypto may indicate a shift in the attitude towards regulation. The speaker also delves into the generational gap regarding cryptocurrency adoption, pointing out that younger individuals are more likely to understand and invest in this technology. He mentions the demographic changes and the increasing interest of politicians in cryptocurrencies.

**Detailed Article:**
Taskmaster4450's video focuses on the intriguing relationship between US lawmakers and cryptocurrency investments, shedding light on a recent article discussing how members of Congress are increasingly investing in cryptocurrencies like Bitcoin, Ethereum, and Cardano. The speaker emphasizes that although lawmakers often advocate for regulations and restrictions on cryptocurrencies, their personal investments in these digital assets may hint at a change in their stance towards the crypto space.

The speaker highlights some notable senators' crypto purchases, such as Senator Cynthia Loomis from Wyoming, who invested around $100,000 in Bitcoin over the past eight years. He also mentions Senator Pat Toomey's $30,000 investment in crypto and other members purchasing various cryptocurrencies like Ethereum, Cardano, XLM, Link, and Doge. The disclosure that even lawmakers who were not particularly vocal about supporting cryptocurrencies, like Mark Green investing in EOS, signifies a growing interest in this digital asset space.

Taskmaster4450 elaborates on the generational gap in cryptocurrency adoption, pointing out that older individuals, particularly those aged 60 and above, are less likely to engage with cryptocurrencies due to a lack of technological literacy. However, as younger generations become more familiar with technology, there is a growing potential for increased participation in cryptocurrencies, both in investment and regulatory aspects.

Furthermore, the speaker discusses the impact of demographic changes, especially the retirement of baby boomers, which he estimates to be around 10,000 individuals per day. He anticipates that as younger, more tech-savvy individuals enter positions of power, there will be a natural progression towards greater acceptance and integration of cryptocurrencies in regulatory and investment spheres. 

He concludes by suggesting that the increasing involvement of lawmakers in cryptocurrencies could lead to a domino effect, inspiring more members of Congress to explore this asset class in their investment portfolios. This trend, coupled with demographic shifts and the gradual aging out of less tech-savvy generations, indicates a potential shift towards broader acceptance and utilization of cryptocurrencies in the political and financial landscape.
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@beerlover ·
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@edicted ·
$0.62
>This is a small number; it's not a very large number. 

Ha yeah until crypto goes 100x and all of a sudden they have millions. 
Gonna get pretty intense. 

Right when crypto poses the biggest threat to legacy systems will be exactly when congress won't want to stomp on the movement.  Of course they will attack all the centralized garbage that they didn't buy.  The "competition".  More power to them. 
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vote details (6)
@jfang003 ·
$0.03
I agree that this is good news. If crypto turns out to be the best investment vehicle, other senators or congressmen would buy it as well. In a way, they are always looking out for their interests so they will definitely work in a way that won't give us the worst case scenario.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jfang003/re-taskmaster4450-4fkuxg)
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@xplosive ·
$0.03
Senators? Congressmen? They are so rich that they could easily buy most of the supply of the majority of the altcoins. They have it, they control it. Just like fiat money. But this is the worst case scenario. Hopefully it will not happen.
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@jfang003 ·
I still don't think the Senators and Congressmen have that much funds. It's nowhere near what a Blackrock or a hedgefund can. So I think it's more about what types of laws they want to create.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jfang003/re-xplosive-5zfa8u)
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@pixresteemer ·
<center>![pixresteemer_incognito_angel_mini.png](https://files.peakd.com/file/peakd-hive/pixresteemer/8h7BBw1w-pixresteemer_incognito_angel_mini.png)</center><center>Bang, I did it again... I just rehived your post!</center><center>Week 90 of my [contest](/hive-179017/@pixresteemer/the-re-hive-contest-results-week-89-and-start-week-90) just started...you can now check the winners of the previous week!</center><center>!BEER</center><center><sub>7</sub></center>
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@rzc24-nftbbg ·
This is funny! Just thinking, isn't this "regulation" thing just a front to frighten people away from cryptocurrency? And then once they already position themselves, they will inform the public that everything is fine with crypto and people have nothing to worry. Just my wild speculation! 
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