Does Robby Slaughter Support Crypto?

Robby Slaughter completed the Stand With Crypto Questionnaire and demonstrated support for crypto and digital assets. He emphasized the importance of crypto in driving technological innovation, economic growth, and job creation. Robby Slaughtersupports comprehensive regulatory frameworks that offer clarity and promote responsible innovation.

Robby Slaughter has a campaign website with a section dedicated to Cryptocurrency.

The rise of cryptocurrencies like Bitcoin and Ethereum is certainly an exciting but controversial idea. To debate what we should do about this emerging area of our economy and society, it's essential to start by understanding the fundamentals. Here are the basics:

• Crytpocurrency is a form of money, just like dollar bills are a form of money, and whatever is in your checking account is a form of money. It can be saved and spent, transferred between people and can be even be lost.
• Traditional forms of money are created by central governments, from the dollar to the euro to the peso. As long as the government that issued the money is considered legitimate and stable, the money tends to be legitimate and stable.
• Crytpocurrencies are created through decentralized algorithms, that is computer programs running on lots of different computers all over the world [1]. This means that there is not a central authority setting any kind of policy, nor is it readily possible for governments to audit or subpoena crytpocurrency accounts or even track the flow of this money from person to person.
• Today, the cryptocurrency economy is small but growing rapidly. It's very hard to say how much crypto is “worth” because most people are treating it as an investment vehicle rather than as currency. [2]

There's been a lot of discussion in the news about cryptocurrencies, and much of it is hype. But governments around the world are starting to think of crypto as money, and are talking about accepting it as a way to pay taxes [3] and also treating it as a taxable asset [4].

But I think we need to reevaluate our understanding of cryptocurrency, because it's more than just money. It's something profound that is happening in our world, and it's essential to understand it.

Cryptocurrency is a Political Movement for Decentralized Trust