Thread by @real_vijay

1/ While the resumption of #Bitcoin's bull market is a cause for optimism, anyone who cares about Bitcoin should be aware that its adversaries are attempting a major attack on the Bitcoin ecosystem as you read this.

Thread 👇

2/ President Biden's infrastructure bill has had new provisions added that specifically target industry participants with onerous new legislation.

@jchervinsky has a great summary here:

https://twitter.com/jchervinsky/status/1421150344051048451

3/ The earliest drafts of this legislation were far worse and I've learned that recent updates have watered the proposed changes, but make no mistake, this is still an attack on the ecosystem. It is only the vigorous pushback by industry participants that can stop this.

4/ It's important to understand that legislative changes such as these are being pushed by special interests (almost certainly the banking industry) that are hostile to #Bitcoin and want to kill or harm it through regulation.

5/ These special interests are given cover by buffoons like @SenWarren who does not have the first clue about #Bitcoin's importance or how it functions. It is an unholy alliance of the evil and the stupid.

They are attempting to slip these changes in while no one is watching.

6/ It behooves all of us who care about #Bitcoin's future to lobby those with political power to avoid trampling this revolutionary technology in its infancy. If you're American, call your Senator and Congressman and tell them you want these changes dropped.

7/ Never make the mistake of presuming your adversaries are weak. The attacks on #Bitcoin are continuing behind closed doors and being crafted by legislative aids with pressure coming from special interests.

8/ It IS still possible to influence the course of events by lobbying and pressuring politicians and making them aware there is a political cost to attempting to attack #Bitcoin. Tell them they will lose your vote, your political donations and your support. They will hear that.