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Following the less than favorable results of this summer’s Tornado Cash trial and the Samourai Wallet case, safeguarding peer-to-peer (P2P) transaction entitlements is now more crucial than ever.
Consequently, the Bitcoin Policy Institute has collaborated with Save Our Wallets, CoinCenter, the Bitcoin Design Foundation, and regional Bitcoin organizations across the United States to initiate the “Satoshi Needs You!” campaign.
The goal of the initiative is to inspire Bitcoin advocates nationwide to contact their elected representatives and urge them to back the sections of the Blockchain Regulatory Certainty Act (BRCA) that were part of the latest Senate version of the CLARITY Act.
This bill draft offers strong safeguards for developers and providers of noncustodial cryptocurrency technology, alongside protections for everyday users who engage with noncustodial Bitcoin and crypto tools.
In the absence of these safeguards, Bitcoin users risk losing their entitlement to transact with Bitcoin freely, and we may witness more developers face legal action for creating noncustodial cryptocurrency technology.
“This presents a period of significant risk and substantial opportunity for the Bitcoin network,” stated Kyle Olney, co-founder of SaveOurWallets.org, in a press statement shared with Bitcoin Magazine.
“We cannot take anything for granted until our essential rights to economic freedom in the digital space are enshrined in law. We require EVERY Bitcoiner to engage, reach out to their representatives in Washington, D.C., and ensure this Congress continues to pursue pro-Bitcoin legislation,” he emphasized.
“We are obligated to advocate for our liberties such as the right to transact and to pass those rights on to future generations.”
Therefore, do not delay: Act right away by visiting SaveOurWallets.org to discover more about the CLARITY Act and to acquire contact details for your Senators so you can reach out to them and express your support for the latest Senate draft of the bill — especially Section 109.
With your assistance, we can guarantee that we continue to have the freedom to utilize Bitcoin in the manner Satoshi envisioned — as peer-to-peer electronic currency that operates without third-party involvement or personal identification.
It is the responsibility of each one of us to ensure that Bitcoin — a system infused with American principles of economic freedom and financial autonomy — remains open and readily available for everyone.
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