A first from the US parliament on Bitcoin and Satoshi Nakamoto

A state legislature in the USA has prepared a bill on Bitcoin and its inventor, Satoshi Nakamoto.. This document also marks a first by drawing attention to the great potential of the leading cryptocurrency.

The bill praising Bitcoin and Satoshi Nakamoto

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There is still no definite information about who started the Bitcoin blockchain, which brought groundbreaking innovations in the financial world.. The world knows the name Satoshi Nakamoto by now. This can be a nickname used by a person or a group of inventors.

In the USA, the Louisiana legislature has drafted a bill regarding Bitcoin and its inventor, Satoshi Nakamoto.. This bill praises the inventor of the world’s most popular cryptocurrency. BTC hits $1 trillion market cap mid this month. This makes Bitcoin the fastest asset to reach this level.. The leading cryptocurrency has reached a $1 trillion market in just 12 years.

The aforementioned draft law is titled “Glory to Bitcoin and the crypto industry”. The bill was introduced by House of Representatives Speaker Mark Wright and passed on Thursday.

The bill states: “It praises Bitcoin for its success in becoming the first decentralized trillion-dollar asset, and state and local governments are advocating the use of this new technology. We urge them to consider ways that can help them capitalize on its increased use.”

The document also states that the leading cryptocurrency could potentially replace gold as monetary reserve’. It is noted that he can achieve this with a limit of 21 million coins.

American legislators state that the rise of Bitcoin has also increased the value of other digital currencies.. It is also noted that decentralized and direct money transfers are becoming even more popular as they do not require a third party.

Louisiana also has its own native cryptocurrency and its name is Moxey.. The local council stresses that this and other cryptocurrencies are “beneficial for businesses participating in these transactions or exchanges by providing access to new customers, better access to capital, and new tools for employee bonuses and compensation.”