Human Rights Leaders Urge Congress to Take 'Open-Minded' View on Bitcoin

Human rights activists have urged Congress to learn about bitcoin and its use in nations suffering conflict and hyperinflation.

AccessTimeIconJun 7, 2022 at 1:44 p.m. UTC
Updated Jun 7, 2022 at 2:35 p.m. UTC

Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.

A letter detailing the utility of bitcoin and stablecoins for people facing political repression and economic hardship has been sent to the U.S. Congress by 20 human rights activists.

  • The letter was addressed to the likes of House of Representatives Speaker Nancy Pelosi and both the Majority and Minority Leaders of the Senate, Charles E. Schumer and Mitch McConnell, respectively.
  • It outlines personal accounts of how bitcoin and stablecoins have been used by people in nations suffering conflict, like Ukraine, as well as those bit by hyperinflation, such as Venezuela.
  • "When currency catastrophes struck Cuba, Afghanistan, and Venezuela, Bitcoin gave our compatriots refuge," the letter states. "When crackdowns on civil liberties befell Nigeria, Belarus, and Hong Kong, Bitcoin helped keep the fight against authoritarianism afloat."
  • ‍ Lyudmyla Kozlovska, a Ukrainian activist, said bitcoin has directly assisted in fundraising for soldiers in the fight against Russia.
  • "For me, Bitcoin is not just technology. It has literally saved the lives of my friends and many Ukrainians," Kozlovska said. "Without it, we would not have been able to raise money so quickly to pay for protective equipment for soldiers in the early days of the Russian invasion."

Read more about

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.

CoinDesk - Unknown

Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.

Investing in the Future of the Digital Economy
October 18-19 | Spring Studio, NYC