Bitcoin Offers A Shield Against Oppression

Speaking at the Bitcoin Policy Summit in Washington, D.C., Human Rights Foundation’s Chief Strategy Officer Alex Gladstein declared that Bitcoin is a major threat to authoritarian control. “Bitcoin is bad for dictators,” he emphasized, explaining how its decentralized nature prevents regimes from manipulating people financially.

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He pointed out that when used correctly, Bitcoin allows individuals to remain anonymous and evade state surveillance. “If they don’t link their ID to it, governments can’t track them,” he noted.

No Freezing, No Deleting, No Hyperinflation

Gladstein argued that those who control their own wallets are immune to many authoritarian tactics. “Governments can’t freeze your funds, they can’t delete your assets, and most importantly, they can’t hyperinflate you,” he said. In countries where inflation runs rampant, Bitcoin serves as a valuable hedge.

The HRF’s first real-world experiment with Bitcoin dates back to 2013, during Ukraine’s pro-democracy protests. Protesters, who had their bank accounts frozen, used Bitcoin to support their cause. “We were skeptical at first — Bitcoin was just $100 back then — but it worked,” he recalled.

Now, Gladstein says, the technology is proving invaluable for people living under authoritarian rule around the globe, providing financial autonomy and protection from state overreach.

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The post Bitcoin Emerges As A Threat To Dictators, Says Human Rights Advocate appeared first on Coin Engineer.

Speaking at the Bitcoin Policy Summit in Washington, D.C., Lummis highlighted the progress of two separate pieces of legislation: the Digital Asset Market Clarity (CLARITY) Act, currently under discussion in the House of Representatives, and the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, being debated in the Senate.

Lummis: “It would be disappointing if we miss the 2026 goal”

As the chair of the Senate Banking Committee’s digital assets subcommittee, Lummis acknowledged the difficulties of securing bipartisan support for crypto regulation. She noted that concerns over potential conflicts of interest — particularly involving individuals with ties to the administration — have slowed momentum.

“I don’t want to present legislation that the other side feels excluded from,” Lummis said, emphasizing a collaborative approach.

GENIUS Act draws limited Democratic support

While some Democratic lawmakers have voted alongside Republicans in favor of bills like the GENIUS Act — with 18 Democrats among 68 ‘yes’ votes on June 17 — others have expressed skepticism due to former President Donald Trump’s involvement in the crypto space.

Trump has released his own line of memecoins, holds equity in a family-backed crypto firm called World Liberty Financial, and has received campaign donations from crypto executives, raising ethical concerns among some legislators.

Crypto legislation faces uphill battle in Congress

Lummis’ 2026 projection contrasts with the more optimistic timeline shared by Bo Hines, director of the President’s Council of Advisers on Digital Assets, who previously said the GENIUS Act could pass before the August recess.

Trump also weighed in on June 18, stating that he would sign the bill into law without amendments, provided the House moves swiftly.

However, with a narrow Republican majority in the House, both the market structure and stablecoin bills would likely require at least partial Democratic support to advance — a factor that could delay progress on U.S. crypto policy.

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