In this podcast, Senator Cynthia Lummis of Wyoming addresses the U.S. national debt as a major national security threat and explores solutions and consequences of failing to address it. She assesses the feasibility of balancing the national budget and discusses the importance of Americans' rights to self-custody Bitcoin. The conversation focuses on the U.S.'s future approach to Bitcoin, its growing acceptance in the Senate, and its potential impact on the global financial system and the U.S. Dollar. Senator Lummis also examines the tax challenges associated with Bitcoin payments and the likelihood of legislation introducing a de minimis tax exemption for small transactions.
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TIMESTAMPS:
00:00:00 Intro
00:01:07 How to fix the $33T national debt?
00:05:27 What happens if we don't fix it?
00:08:10 Should self custody be a protected right for all Americans?
00:12:07 Is balancing the budget even possible?
00:14:04 How should the US approach bitcoin over the next 10 years?
00:16:40 Are other senators truly grasping bitcoin?
00:20:59 How will bitcoin and the dollar evolve together?
00:23:46 Bitcoin payments and a de minimis rule
00:25:24 Bitcoin and America are going to win
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