WP: Conservative activists press big companies to buy bitcoin

Washington Post: “Conservative activists press big companies to buy bitcoin”

The new strategy comes amid a broad embrace of crypto by conservatives, including President-elect Donald Trump, who told advocates in July that he intends to make the United States the “crypto capital of the planet,” with promises to take a much lighter regulatory approach to the volatile market than the Biden administration has.

Crypto investors have spent hundreds of millions of dollars to influence lawmakers in Washington and elect pro-crypto candidates this past election cycle. Trump and some of his Cabinet picks have financial interests in the industry, while the president-elect has expressed interest in creating a national stockpile of bitcoin.

I lack the words to describe how stupid and openly corrupt all of this is.

Stranger

Smells like another conservative con.

What good uses does crypto have? None, except for some criminals.

Apparently getting in the next too-big-to-fail financial product and having the government take on all the risk.

I’m guessing they just want the value of bitcoin to be goosed up further so they can sell for higher profit.