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Elizabeth Warren’s Flag For Satoshi: A Meme Or Crypto Olive Branch?

February 16, 2024
in Crypto Updates
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On February 15, an unconfirmed report circulated within the crypto neighborhood, suggesting that outspoken crypto critic and US Senator Elizabeth Warren had honored Bitcoin founder Satoshi Nakamoto with a ceremonial US flag. Nonetheless, that wasn’t the case, as extra context has been supplied concerning what occurred. 

Warren Didn’t Precisely Honor Nakamoto

As highlighted by an X (previously Twitter) person, somebody (principally probably a troll) reached out to Warren’s workplace to buy a flag that might be flown in honor of Satoshi. Like each different Senator, Senator Warren has a devoted web site web page the place anybody can go to and place a flag order. 

Former US Consultant Jim Cooper had beforehand revealed that anybody may buy a flag that had flown over the US Capitol. Moreover, they may even request that they needed the flag be flown over the Capitol on a sure date to honor a particular person like Nakamoto. All such an individual needed to do was contact their US Congressman or Senator. 

In the meantime, anybody who buys the flag additionally receives a certificates confirming that the flag was certainly flown over the Capitol. That explains why a certificates included Warren’s signature, contributing to the idea that she had endorsed the Bitcoin founder. 

ETH’s worth tendencies to the upside on the every day chart. Supply: ETHUSDT on Tradingview

Nothing Has Modified

With this revelation, Senator Elizabeth Warren stays one of the crucial outspoken critics of cryptocurrencies relatively than a Bitcoin convert like BlackRock’s CEO Larry Fink. Professional-XRP authorized professional John Deaton had as soon as described the Senator because the “largest menace” to crypto in the US.  

Senator Warren had notably launched the ‘Digital Asset Anti-Cash Laundering Act.’ Though she argued that the legislation would mitigate sure illicit finance dangers that crypto poses, many within the crypto neighborhood had been vocal in opposition to the proposed laws. Coin Heart went so far as labeling the act an “unconstitutional assault” on digital belongings and stakeholders within the trade. 

Apparently, the crypto neighborhood isn’t simply sitting again; they’ve determined to take motion in opposition to the Senator. Particularly, members of the XRP neighborhood had urged Deaton, a long-term critic of Warren, to run in opposition to the Senator. Ripple’s CEO Brad Garlinghouse supported the push to get the lawyer to run for Senate. 

Bitcoinist not too long ago reported that Deaton may reply the decision as he severely considers contesting for Warren’s seat. Senator Elizabeth Warren represents Massachusetts within the US Senate and has served since 2013. 

Chart from Tradingview



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