The impact that Bitcoin has had on the community cannot be overshadowed for sure. There are different ways in which BTC is able to assist the community in the best way.
More on that topic has been discussed by Aarika Rhodes who is an elementary school teacher, according to today’s top crypto news.
Rhodes has successfully managed to highlight all the difficulties that come forth for certain grassroots candidates such as herself when it comes to providing some competition against the different established members that belong to the Congress of the United States of America.
An elementary teacher named Aarika Rhodes has chosen to speak on Bitcoin day regarding the importance of Bitcoin on Local Politics. Aarika has been an elementary school teacher but now is a candidate for the U.S. Congress.
She featured recently in the Bitcoin Day Sacramento 2022 Event in order to have a discussion about the different impacts that Bitcoin has on local politics.
Rhodes managed to highlight different difficulties that the candidates such as her have to go through in order to compete properly against the members who are already established in the Congress. Also, she highlights that the importance of Bitcoin is quite high when it comes to providing people like them a chance to compete with the other members as well.
“If it wasn’t for Bitcoin and the Lightning Network, a grassroots campaign like ours wouldn’t have made it this far with the amount of cash on hand at this stage in the race, especially as a full-time elementary school teacher,” she explained. Speaking about her campaign specifically, Rhodes added: “It [BTC] has made us viable in our effort to unseat at 20+ year incumbent.”
Rhodes also has a belief that the role of local businesses in expediting BTC’s mainstream adoption is “a simple matter of economics.” By allowing small and medium businesses to accept BTC payments, the community refrains from making Bitcoin purchases elsewhere, and according to the congressional candidate, is a means to revitalize the local economies.
As a full-time elementary school teacher, Rhodes is a front-row witness to the financial and societal struggles faced by students, families, and educators: “As a teacher who lives paycheck to paycheck with no family money, I’m risking everything to unseat an incumbent who currently has a little less than $4 million cash on hand. We don’t need millions of dollars to win.”
Rhodes also mentioned that there is a lack of understanding among politicians who currently oppose and fear Bitcoin adoption. “Those who are taking the time to learn, are starting to understand that it’s the future,” she added. Moreover, Rhodes believes that an integrated Bitcoin Lightning network could mitigate the cashflow shortage and market saturation faced at the peak of the coronavirus pandemic.
“Politicians who oppose Bitcoin are of the same brand as those who opposed the Internet. It’s also an indicator of where they’re getting their money.”
Rhodes further reiterated that the traditional system, coupled with the out-of-touch mindset of American politicians, is designed to keep people impoverished, concluding: “I want us to remember who we work for: the American people. I’m committed to putting all good ideas on the table and risking everything to make a difference. I’m excited to see others doing the same.”
Just two days back, the Federal Open Market Committee (FOMC) approved a ruling that bans senior officials at the Federal Reserve from purchasing and holding cryptocurrencies and other investments.
As reported by Cointelegraph, FOMC announced that starting May 1, senior Federal Reserve officials above the age of 18 are “prohibited from purchasing individual stocks or sector funds; holding investments in individual bonds, agency securities, cryptocurrencies, commodities, or foreign currencies; entering into derivatives contracts; and engaging in short sales or purchasing securities on margin.”