Rep. Steve Stockman to sponsor a pro-Bitcoin Bill in Congress

[FrankRep]

Congressman Steven Stockman Seeking Support For Bitcoin Bill


News BTC
January 1, 2014


Congressman Steven Stockman of Texas appeared last night at the New Year’s Eve bash at the New York City Bitcoin Center and announced acceptance of bitcoin for his upcoming senate campaign, but perhaps more interestingly, his desire to put together a bill in support of bitcoin.

The representative is seeking support of a clear-cut bill that is designed to keep federal, state, and local government from interfering with bitcoin and the bitcoin economy, according to Charles Peralo, a director of new business at the NYC Bitcoin Center and was in attendance at the New Year’s Eve event.

“Stockman understands the revolutionary value to bitcoin,” said Peralo to newsBTC. “What Stockman sees is anti-inflation practices, the cheapest possible transactions on the web, [and] a cheap and quick way to act as a medium of exchange between other currencies and also many other things yet to be discovered.”

Whether or not Stockman’s proposed bill gains traction is yet to be seen, but the Congressman has attracted a fair amount of attention from the bitcoin community, not surprisingly.

“He’s not asking for the promotion of bitcoin. He’s also not asking [that] the government gets behind bitcoin. He’s just seeking sensible legislation to make it so the government will not attack bitcoin. So this way it can grow naturally without the fear of a government ban.”
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Rep. Steve Stockman for Senate 2014
http://stockman2014.com/


Rep. Steve Stockman (R-Texas) Announces Support of Bitcoins


http://www.youtube.com/watch?v=sZlB6gS7qHU

 

[jdcole]

As if there weren't enough reason to like the guy.

 

[UtahApocalypse]

Seems that the easiest way the government gets involved in something is through legislation to keep them out.

I rather the government not be involved in BTC at all.

As they say... The road to hell is paved with good intentions. Opening the door through any legislation, for or against BTC by the government is a bad, bad idea.

 

[extrmmxer]

I rather the government not be involved in BTC at all.

I agree. Washington acts like they're doing good when they actually do harm. Keep bitcoin out of D.C. Showing support is great but leave legislation out of it.

 

[FrankRep]

We'll just need to see what the bill says before passing judgement.

It's a pipe dream to think the government won't get involved in Bitcoin, but Stockman is preemptively beating the government to the punch and kicking the government out.

 

[angelatc]

As if there weren't enough reason to like the guy.

I think also think asking the goverhment to legislate Bitcoin is a fool's errand, but that's just that. FYI, the Democrats on the FEC panel are the reason the decision to accept it was delayed. The Republicans wanted to just treat it like any other capital item.

 

[TaftFan]

Go Steve!

 

[Matt Collins]

I just got this posted on the front page of www.slashdot.org

 

[TaftFan]

I emailed this as a tip to zerohedge.

 

[cindyEvans]

Hope he's not making a publicity stunt. Sorry Rep. Steve Stockman, don't have the ample amount to donate for your next Congressional term.