In light of recent events like the Tornado Cash trial and the Samourai Wallet case, it has become increasingly crucial to safeguard the rights of peer-to-peer (P2P) transactions. Recognizing this urgency, the Bitcoin Policy Institute has teamed up with Save Our Wallets, CoinCenter, the Bitcoin Design foundation, and various Bitcoin hubs across the United States to launch the “Satoshi Needs You!” campaign.
The primary goal of this initiative is to mobilize Bitcoin enthusiasts nationwide to reach out to their elected representatives and urge them to support the provisions outlined in the Blockchain Regulatory Certainty Act (BRCA), which have been incorporated into the latest Senate version of the CLARITY Act. These provisions offer comprehensive protections for developers and providers of noncustodial crypto technology, as well as for individuals who utilize noncustodial bitcoin and crypto tools in their daily transactions.
Without these vital protections in place, there is a risk that Bitcoin users could lose their freedom to transact with bitcoin securely, and developers could face legal challenges for creating noncustodial crypto technology. Kyle Olney, co-founder of SaveOurWallets.org, emphasized the critical nature of this campaign, stating that it is essential for every Bitcoin supporter to engage with their representatives in Washington, D.C., and advocate for pro-Bitcoin policies to be upheld.
The current legislative landscape presents both a perilous situation and an opportunity for the Bitcoin network to solidify its position. It is imperative to ensure that our economic liberties in the digital realm are enshrined in law to guarantee the continued growth and innovation of the Bitcoin ecosystem. By taking action and contacting your Senators to express support for the Senate draft of the CLARITY Act, particularly Section 109, you can contribute to the preservation of P2P transaction rights and the advancement of financial freedom.
The “Satoshi Needs You!” campaign underscores the responsibility we all share in defending our rights to transact freely with bitcoin and passing down these liberties to future generations. By visiting SaveOurWallets.org, you can access resources and information about the CLARITY Act, as well as find contact details for your Senators to voice your support for the proposed legislation.
Together, we can uphold the vision of Bitcoin as a peer-to-peer electronic cash system, as envisioned by its creator, Satoshi Nakamoto. Let’s work collectively to ensure that Bitcoin remains a symbol of economic freedom and financial autonomy, accessible to all who seek to participate in the decentralized financial revolution.