Is Bitcoin Protected By The First Amendment?

Justin S. Wales who is a lawyer, co-chair of Carlton Fields’ national blockchain and virtual currency practice, and author of “State Regulations on Virtual Currency and Blockchain Technologies” opined in coindesk.com in an article titled "Why Bitcoin Is Protected by the First Amendment" stating that: "Regulators tend to view virtual currencies monolithically, treating cryptocurrencies like bitcoin no differently from centralized projects that share little in common with it."

He believes that "we should reframe the discussion about bitcoin and its progeny away from their uses solely as digital money and instead describe them as onramps to decentralized networks capable of much more - among them expressive and associative purposes"

The First Amendment contains several important guarantees, including the freedoms of expression and association. Since its ratification, these rights have been extended to new forms of expression made possible by technological innovations like the Internet.

He even goes as further as to state Bitcoin as a political act.

Very interesting read.

Source credit: https://www.coindesk.com/why-bitcoin-is-protected-by-the-first-amendment

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