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Howdy!
Last month we became aware of what appears to be a nationwide effort lobbying states to introduce legislation that would create a Bitcoin Strategic Reserve. So far Texas, Ohio, and Pennsylvania have introduced legislation on this topic. The Solari team has created a briefing memo laying out why this is a highly inappropriate use of taxpayer resources. If governments have enough funds to do this, they should instead use those resources to cut taxes. A lower tax burden is the best way to help families who are managing inflation.
The memo, “Bitcoin Bailout: Bailout: Why a Bitcoin Strategic Reserve is a Bailout of the Big Boys,” can be accessed here. We encourage you to send it to your state legislators and other officials and ask that they read it. It’s a dense topic and Solari wants to ensure that your representatives are armed with the knowledge they need to pushback against the creation of a Bitcoin Strategic Reserve in their state. For this reason, Catherine will be holding a zoom for state legislators and other officials on January 9th from 2-4 eastern to discuss the memo in depth. Solari subscribers who are working with their legislators are also welcome to attend. For more inforamation on this zoom please email ElizabethMurphyTN@protonmail.com
In freedom,
The Solari Team
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