In a significant move towards broader Bitcoin adoption in the United States, the Satoshi Action Fund has announced the introduction of a groundbreaking bill in Missouri (HB 2107), also known as the “Digital Bill of Rights.” The bill, championed by Representative Phil Christofanelli, sets forth foundational policy that will protect Bitcoin, Bitcoin mining and adoption in the U.S. and position the country as a leader in this technology for decades to come.
Digital Bill of Rights: Key Features
- Self-Custody Rights: Individuals have the right to use self-custody to secure their Bitcoin.
- Freedom to Transact: Individuals are free to purchase, save, or transact with Bitcoin without state restrictions.
- Bitcoin Mining Protection: No state interference is permitted in Bitcoin mining activities, and miners cannot be discriminated against.
- Tax Reforms: State Capital Gains taxes are removed for Bitcoin transactions under $200.
- Layer 2 Solution Support: The use of the Lightning Network and other layer 2 technologies is safeguarded.
- Node Operation: The sovereign right to run a Bitcoin node is upheld.
Significance of the Bill
The introduction of this bill in Missouri is a significant milestone in the fight for broader Bitcoin adoption in the United States. With Elizabeth Warren‘s efforts to hinder Bitcoin adoption, the success of such state-level initiatives is crucial. The Satoshi Action Fund’s strategy mirrors the successful state-level battles won by the cannabis industry, leading to its legalization in a majority of the states.
In 2024, the Satoshi Action Fund aims to champion similar pro-Bitcoin legislation in at least 13 states. This bill is a landmark moment for Bitcoin adoption in the United States, and it is likely to have a significant impact on the future of the Orange Coin.
About Satoshi Action Fund
The team at Satoshi Action is a dedicated group of Bitcoin advocates, committed to influencing legislation in favor of Bitcoin and our digital rights. Their vision is a future where Bitcoin is fully integrated into our financial, energy, and legal systems, fostering innovation and financial freedom for Americans and people across the world.
