Samson Mow: Beware of Politicians Suddenly Flipping Pro-Crypto
CryptoNewsTerminal Staff27 May, 2024
Samson Mow: Beware of Politicians Suddenly Flipping Pro-Crypto
Samson Mow, the CEO of bitcoin tech company Jan3, has expressed skepticism about the sincerity of politicians who are suddenly becoming pro-crypto. Mow, who previously served as an advisor to El Salvador during its adoption of bitcoin as legal tender, tweeted Tuesday: “I am not so optimistic about the politicians becoming pro-crypto.” He added: “Given their track record of anti-crypto behavior, while it might feel good in the short term, it could be very bad for Bitcoin in the long term. Politicians pushing crypto without conviction will just lead to the next FTX, Luna, Genesis bankruptcy and we will pay the price again. This sentiment echoes concerns raised by others in the crypto community, who worry that politicians may be using pro-crypto rhetoric to gain votes or curry favor with industry lobbyists without genuinely understanding or supporting the technology. - Politicians Flipping Pro-Crypto - Samson Mow Warns Against Politician's Sudden Support - Pro-Crypto Politicians May Be Insincere - Crypto Industry Concerns Over Politician's Motives - Politicians May Lack Genuine Understanding of Crypto
