Unpacking And Analyzing The Lummis-Gillibrand Bill – Bitcoin Magazine

A line-by-line analysis and critique of the recently proposed bill to regulate “digital assets.” To say it’s misguided is an understatement.

This is an opinion editorial by Beautyon, the CEO of Azteco.

In this post, I parse the above-named act, pointing out the glaring flaws and errors in it. It should be clear to any American that this bill is an abomination and that it should not pass into law. If it does, it will be challenged in the Supreme Court, struck down, removed with prejudice and the scathing chastisement it deserves.

The idea that there can be “responsible innovation” is absurd on its face. If Senators Cynthia Lummis and Kirsten Gillibrand were alive during the era of lake ice delivery by horse and cart, they would have found that the electric ice box was “irresponsible innovation” because many men would be put out of work and horses turned into glue or meat.

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