US Presidential Candidate Rick Perry Shows Support for Bitcoin

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Somewhere between attacking the Clintons for orchestrating the 2008’s economic collapse and praising his strong economic record as the former Governor of Texas, Rick Perry requested regulators to create “breathing room” for the Bitcoin industry.

The comments came during a Midtown luncheon for the Committee to Unleash Economic Prosperity, that saw the said US Presidential candidate taking jibes at Hilary Clinton and “big city liberal mayors” for clamping down the growth of disruptive technologies like Uber. In the very next statement, the man ended up asking for a better regulatory climate for the digital currency sector as well.

Considering the small population of Bitcoin users in the US, Perry’s comments didn’t have a populist tone to attract a certain section of voters. Instead, they were more aggressive towards the reckless Wall Street and government policies that had affected every average American middle class one in one way or another. He stated:

“Wall Street should not be left off the hook for their bad behavior … instead of them being punished, it was the average American who paid the tremendous price. The fact of the matter is, to be quite frank: we got screwed.”

With the remarks, Perry ended up joining the list of politicians that have supported the Bitcoin technology in various ways. Before him, another US Presidential candidate, Mr. Rand Paul, had announced to accept the digital currency as his campaign donations.

Perry’s very own state — the State of Texas — has recently seen an optimistic attitude for the Bitcoin sector. Just a few days back, the state’s representative Giovanni Capriglione had suggested to use Bitcoin as an underlying asset of their new gold-backed bank.

“OK! That would be awesome too,” he had said during a radio interview.

“I personally own Bitcoin. You could make transactions with Bitcoin, use the gold depository as a medium, and then make payments on the other side. This is the biggest threat in 102 years to the Federal Reserve System.

Source: The New York Observer