Senator Elizabeth Warren, known for her doubts and criticisms regarding Bitcoin and cryptocurrencies in general, publicly commemorated its 15th anniversary by acknowledging the creator, Satoshi Nakamoto. Warren took part in the Capitol Flag Program to honor the establishment of Bitcoin as a financial system. A Change In Tone A flag was raised over the Capitol on December 18th, 2023, a date acknowledged by the Bitcoin community as HODL Day. The acknowledgment by Warren demonstrates a noticeable shift compared to her previous stance on crypto. The event surrounding the acknowledgment of the flag is spotlighted in New York City, with a gathering organized by Bitcoin Magazine and PubKey. Thomas Pacchia, Co-Founder of PubKey, commented on Warren supporting Bitcoin, emphasizing the significance of political advocacy through actions. This change follows her recent legislative proposals aimed at curbing the misuse of cryptocurrencies for illicit activities, addressing the challenges posed by digital currencies. Not Everyone Is Convinced Despite Elizabeth Warren apparently expressing her support for Bitcoin, most in the crypto community are not convinced. In fact, many believe this is yet another attempt by someone in the government to garner favor with disenfranchised citizens, with others even going as far as to claim that the Fed may be trying to backtrack on its comments linking crypto to Hamas . There is some truth to these opinions though, as several notable individuals like Warren Buffet are now allegedly supporting crypto despite lambasting it in the past. After the United States Securities and Exchange Commission recently approved various BTC ETF applications, the notion is that the government is attempting to capitalize on the growing popularity and mainstream usage of crypto even if they do not actually support it behind the scenes.
