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The U.S. state of Louisiana has passed a resolution to commend bitcoin for its success as well as commend the cryptocurrency’s pseudonymous creator, Satoshi Nakamoto, “for his contribution to economic security.â€

State Resolution Recognizing Satoshi and Bitcoin

The Louisiana House of Representatives resolution by Representative Mark Wright entitled, “Commends Bitcoin and the cryptocurrency industry,†has been enrolled and signed by the Speaker of the House. House Resolution 33 (HR 33) reads:

The resolution proceeds to describe various attributes of bitcoin, starting with its creation in 2008 “by the pseudonymous author Satoshi Nakamoto.†Noting that the cryptocurrency “could potentially replace gold as a monetary reserve,†the document highlights bitcoin’s finite supply, noting that it is “completely decentralized†and allows for secure transactions without the need for a trusted third party.

It additionally notes that “not only has Bitcoin proven to be a critical tool for businesses, it has proven to be a critical tool for citizens around the world to protect themselves from currency debasement.â€

The resolution mentions another cryptocurrency other than bitcoin, Moxey, which it describes as “a proprietary digital community currency invented in Louisiana.†Its website describes that “Moxey is a community of thousands of business owners who support one another and, most importantly, are able to buy and sell among each other without spending cash. Instead, they use their very own community currency; Moxey dollars.â€

In conclusion, Louisiana’s House Resolution 33 states:

What do you think about this House resolution commending Satoshi Nakamoto and Bitcoin? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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