Did Elizabeth Warren Just Endorse Bitcoin? Not So Fast
No, U.S. Senator Elizabeth Warren, the Massachusetts Democrat who typically antagonizes the blockchain industry, has not had a sudden change of heart on Bitcoin.
Warren has fashioned herself as one of blockchain’s fiercest critics in the Senate, spearheading bills like last year’s Digital Asset Anti-Money Laundering Act that aimed to curb the ability for financial institutions to transact in bitcoin and other cryptocurrencies.
So given the Senator’s anti-Bitcoin track record, it came as a surprise this week when she appeared to sign off on an official order commanding a flag be flown over the U.S. Capitol in honor of pseudonymous Bitcoin creator Satoshi Nakamoto.
The Bitcoin community immediately seized on the news, recirculating an article on X (formerly Twitter) from Bitcoin Magazine celebrating Warren’s “sudden embrace of Bitcoin.”
Look a little closer, however, and the development appears to be little more than a clever stunt pulled off by Bitcoin supporters.
Although some credulous commentators celebrated Warren’s “endorsement,” social media sleuths quickly pointed out that anyone can, for a fee, fill out a form on the Senator’s website to have a flag flown over the U.S. Capitol.
If there’s any takeaway in Bitcoin Magazine’s tongue-in-cheek article – which praises Warren for having finally “seen the orange-tinted light” (a reference to the orange bitcoin logo) – it might be that the senator’s office apparently takes a decidedly free-speech approach to moderating submissions to its flag request form.
Bitcoin Magazine has not responded to CoinDesk’s request for comment. A call to a phone number listed on a press release from Senator Warren’s office did not go through; a call to the senator’s press office suggested reporters put their questions in an email; CoinDesk’s emails to the press office for comment were not immediately returned.
Byyahoofinance
