Biden

Joe Biden

<h2 class="wp-block-heading" id="significant-blockchain-basics-act-passes-into-louisiana-law">Significant Blockchain Basics Act Passes Into Louisiana Law</h2>
<p>Louisiana House Bill 488, better known as the state’s ‘Bitcoin Rights’ bill, was quietly passed into law on June 19. Spearheaded by Congressman Mark Wright, The ‘Blockchain Basics Act’ will uphold legal protections for home digital asset miners, protect digital asset users’ right to self-custody, cement citizens’ rights to use Bitcoin as a means of payment, and ban the creation of <a href="https://x.com/Dennis_Porter_/status/1805209521519767945" target="_blank" rel="noopener noreferrer nofollow">CBDCs</a>.</p>
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   <p lang="en" dir="ltr">MASSIVE BREAKING: Bill to defend ‘<a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> Rights’ and ban CBDCs passes into law. <br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">Satoshi Action Passes 4th law to defend <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> Rights in the USA.<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <br><br>Louisiana joins Oklahoma, Montana, &amp; Arkansas in setting pro-<a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> policy blue print for the nation. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/8NGaMtcW1U" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/8NGaMtcW1U</a></p>— Dennis Porter (@Dennis_Porter_) <a href="https://twitter.com/Dennis_Porter_/status/1805209521519767945?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 24, 2024</a>
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<p>Based on the Satoshi Action Model Policy, Louisiana’s latest crypto law will formally go into effect on August 1, 2024. Louisiana joins Oklahoma, Montana, and Arkansas in passing recent Bitcoin-centered legislation.</p>
<p>“The states are creating a blueprint for federal policy. It won’t be long until we see the impact in Washington” , <a href="https://www.forbes.com/sites/digital-assets/2024/06/24/louisiana-passes-bill-to-defend-bitcoin-rights-and-ban-cbdcs/" target="_blank" rel="noopener noreferrer nofollow">Wright told Forbes, who was the first to break the news</a>. “The success of HB 488 highlights the power of states as ‘laboratories of democracy’ and demonstrates Bitcoin’s potential to unify Americans regardless of their political perspectives”.</p>
<h2 class="wp-block-heading" id="all-eyes-on-the-white-house-as-bitcoin-rights-bills-garner-support">All Eyes On The White House As Bitcoin Rights Bills Garner Support</h2>
<p>Following the news of the bill’s passage, pro-crypto <a href="https://x.com/CynthiaMLummis/status/1805286261046800627" target="_blank" rel="noopener noreferrer nofollow">Senator Cynthia Lummis (R-WY) took to X to express</a> her excitement.</p>
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   <p lang="en" dir="ltr">Wow. Congrats! <br><br>States leading the way. This is why Bitcoiners should be American patriots. You can fight for your rights and WIN.<br><br>Washington is a mess but America is awesome.<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/ydNSjcvmVk" target="_blank" rel="noopener noreferrer nofollow">https://t.co/ydNSjcvmVk</a></p>— Cynthia Lummis <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9ac.png" alt="🦬" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@CynthiaMLummis) <a href="https://twitter.com/CynthiaMLummis/status/1805286261046800627?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 24, 2024</a>
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<p>“States leading the way. This is why Bitcoiners should be American patriots”, Lummis stated in a June 24 X post. “You can fight for your rights and WIN”.</p>
<p>Lummis’ support of the Blockchain Basics Act comes amid a growing spotlight on politicians’ stance on cryptocurrencies in the lead-up to the U.S. Presidential Election in November 2024.</p>
<p>Republican frontrunner Donald Trump has previously spoken out against <a href="https://btc-pulse.com/indias-cbdc-activity-declines-sharply/" rel="noopener noreferrer nofollow">CBDCs</a>, calling them “very dangerous.”</p>
<p>“As your president, I will never allow the creation of a central bank digital currency”, <a href="https://www.politico.com/news/2024/01/18/trump-vows-to-block-any-fed-effort-to-launch-digital-currency-00136328" target="_blank" rel="noopener noreferrer nofollow">the presumptive Republican nominee said at a rally this past January. Meanwhile, current U.S. </a>President Joe Biden has largely taken a pro-regulatory stance towards digital assets and has toyed with the idea of establishing a CBDC.</p>
<p>Despite the two political rivals being virtually tied in official polls, <a href="https://elections2024.thehill.com/louisiana/" target="_blank" rel="noopener noreferrer nofollow">recent data shows Louisiana has an estimated</a> 57% disapproval rating of Biden. Meanwhile, the latest Louisiana polling displayed by political election site 538 shows Trump leading Biden by 15%.</p>
<p>If Trump gets elected, it may signal more Bitcoin-friendly policies at the national level.</p>

Groundbreaking ‘Bitcoin Rights’ Bill Passes Into Law In Louisiana

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