Senator Warren is strongly against Bitcoin

In a Senate Banking Hearing today, Senator Elizabeth Warren pulled no punches in attacking bitcoin and crypto.

Specifically, she was going after its potential use case for Russia etc to avoid US sanctions.

While the evidence currently doesn't support that is being done on a large scale, it doesn't prevent the potential for being there.

For that reason, Warren says it's not regulated nearly enough and wants much heavier regulations.

(Source: https://twitter.com/DarkWebWarrior/status/1499417566619521033/photo/1)

To that, I think most in crypto are saying yep, she's exactly right, and that is what bitcoin is supposed to do.

While that may sound like bad news at first for bitcoin bulls, it's really not.

What is something needed that no one can take from you?!

I think that is self explanatory.

If the money in your bank account can be taken from you with a click, it's not really yours.

If your house and assets can be seized because your government angered another country or simply doesn't like you, the aren't really your assets.

The ability to store you personal property in a way that it outside the reach of governments should be a fundamental human right.

If that means our sanctions are less effective, so be it.

We will have to come up with new ways of hurting Russia, like maybe perhaps no longer purchasing their oil, which we are still doing on a daily basis.

This debate is going to take center stage over the coming days and weeks as this Russia/Ukraine war drags on, but that is probably a good thing.

Bitcoin needs its watershed moment and let the world it has arrived.

The world will then have to decide what is more important, human rights or keeping the status quo and having the ability to play gatekeeper.

Hopefully the masses will help the world make the right choice here...