Canadian MP urges community to study Bitcoin, cites Gensler’s pre-SEC stance
On the 15th anniversary of the release of the Bitcoin white paper, Canadian Member of Parliament (MP) Joël Lightbound took the opportunity to thank the pseudo-anonymous creator of Bitcoin (BTC), Satoshi Nakamoto, in the Canadian parliament while advocating for people to study the leading cryptocurrency.
During his speech on the parliament floor, Lightbound disclosed that he owns Bitcoin himself but won’t advocate for people to buy it. Instead, he wants people to study and understand it. He added that Bitcoin was created at a time of financial crisis, and over the years, it has become a tool to empower the underbanked and those living in oppressive regimes.
During his speech, the MP cited two key quotes, one from the former Twitter CEO and bigtime Bitcoin advocate Jack Dorsey and another from the United States Securities and Exchange Commission (SEC) chair Gary Gensler, which came as a surprise to many given Gensler’s hostile crypto approach since becoming SEC chief. However, the quote cited by the MP is from 2019, when Gensler was not the SEC chair.
Canadian MP @JoelLightbound thanks Satoshi and advocates for people to “study #Bitcoin” on the floor of the Canadian parliament yesterday.
Drawing on compelling quotes by @Jack and @GaryGensler, he outlines the power of #Bitcoin to empower people everywhere.
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In an opinion piece in 2019, Gensler wrote that although there are thousands of projects in the crypto ecosystem, the one created by Satoshi Nakamoto has the potential to spur change “either directly or indirectly as a catalyst.“ He added, “The potential to lower verification and networking costs is worth pursuing, particularly to lower economic rents and data privacy costs and promote economic
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