IN THE HOUSE OF REPRESENTATIVES June 22, 2021 Mr. Fire (for himself, authored) and Mr. Cody sponsored and submitted the following resolution,
A RESOLUTION To express the interest in backing the cryptocurrency Bitcoin
Whereas, Bitcoin is a decentralized cryptocurrency that exchanges currency for verifying transactions, and
Whereas, Bitcoin is not tied to any currency and can prove reliable in ensuring value is retained in the event of inflation or currency collapse, and
Whereas, cryptocurrencies can be easily exchanged domestically and internationally for currencies, and Bitcoin is being widely accepted at several major companies, and
Whereas, it is in the best interest in the citizens of the United States to have independent currency separate from any government or entity,
Now, therefore, be it established that the House of Representatives — Urges the president and Secretary of the Treasury to recognize Bitcoin as an official currency within the United States
Calls on the President to authorize the purchase of a small reserve of various cryptocurrencies
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