
Bitcoin and Budget Battles

Thomas Massie, the Kentucky lawmaker who recently re-tabled a bill designed to dismantle the U.S. Federal Reserve, finds himself embroiled in a spirited disagreement with President Trump. The President has vowed to back a primary challenger against Massie due to his opposition to the Continuing Resolution (CR).
At its core, a CR serves as a congressional mechanism to provide temporary financial support to the federal government when the standard appropriations procedure remains unfinished. Massie, a staunch critic of unchecked government expenditures, sports an electronic U.S. debt clock affixed to his suit lapel as a symbol of his fiscal principles.
He opposes the CR, arguing that it sustains funding at the previous year’s levels without incorporating desired reforms such as border security measures and adjustments to Pentagon policies. His preference lies in having individual bills subjected to separate votes rather than being combined into a single package.
Alongside Massie, Senator Rand Paul (R-Ky.), the offspring of Ron Paul, is likewise lodging a “no” vote against the CR. Senator Elizabeth Warren (D-Mass.) has voiced her disapproval of the GOP-supported CR, taking issue with its clauses that trim domestic initiatives.
Representative Alexandria Ocasio-Cortez (D-NY) has condemned the CR as a deviation from Democratic principles and begged Senate Democrats to oppose its passage. At this point, Senate Minority Leader Chuck Schumer (D-NY) has thrown his support behind the bill to stave off a government shutdown.
Trump’s issue with Massie has caused a rift between libertarians and die-hard MAGA fans, as many libertarians believe Republicans should think twice about condemning Massie. Massie’s campaign has secured more than $261,000 in individual donations and earlier this week he announced he would be accepting bitcoin (BTC) donations.
Massie’s website taps into the BTC payment infrastructure provided by Opennode, a company established in 2018 and based in Los Angeles, California. Massie is among several Republicans who welcome BTC for contributions, and Trump himself embraced the leading crypto asset during his 2024 campaign.
While the crypto sector has shown a general preference for Republicans, it has also extended support to Democrats. Fairshake invested $3 million each in backing Democratic Senate hopefuls Ruben Gallego (D-Ariz.) and Elisa Slotkin (D-Mich.), both of whom voted in favor of pro-crypto legislation.
Source:news.bitcoin.com