{"id":8414,"date":"2022-02-21T01:41:07","date_gmt":"2022-02-21T01:41:07","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/btc-helps-our-effort-to-unseat-a-20-year-incumbent-aarika-rhodes-on-bitcoin-day\/"},"modified":"2022-02-21T01:41:09","modified_gmt":"2022-02-21T01:41:09","slug":"btc-helps-our-effort-to-unseat-a-20-year-incumbent-aarika-rhodes-on-bitcoin-day","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/btc-helps-our-effort-to-unseat-a-20-year-incumbent-aarika-rhodes-on-bitcoin-day\/","title":{"rendered":"BTC helps our effort to unseat a 20+ year incumbent: Aarika Rhodes on Bitcoin Day"},"content":{"rendered":"

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Aarika Rhodes, an elementary school teacher-turned congressional candidate, recently featured in the Bitcoin Day Sacramento 2022 event to discuss the impact of Bitcoin (BTC) in local politics.\u00a0<\/p>\n

Speaking to Cointelegraph, Rhodes highlighted the difficulty for grassroots candidates like herself to compete against established members of the US Congress.<\/p>\n

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Our campaign has officially adopted Lighting for campaign contributions.\u26a1\ufe0f<\/p>\n

This revolutionary technology creates accessibility and looks towards the future. I am excited to provide this option to our supporters across all 50 states. #Bitcoin<\/a><\/p>\n

\u2014 Aarika for CA-32 (@AarikaRhodes) November 30, 2021<\/a><\/p><\/blockquote>\n

\u201cIf it wasn\u2019t for Bitcoin and the Lightning Network, a grassroots campaign like ours wouldn\u2019t have made it this far with the amount of cash on hand at this stage in the race, especially as a full-time elementary school teacher,\u201d she explained. Speaking about her campaign specifically, Rhodes added:<\/p>\n

\u201cIt [BTC] has made us viable in our effort to unseat at 20+ year incumbent.\u201d<\/p><\/blockquote>\n

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It was such a honor to speak at #Bitcoin<\/a> Day to discuss campaign finance reform and the need for financial literacy to be taught in our schools. We also discussed the importance of reminding lawmakers that they\u2019re public servants first.<\/p>\n

to @ck_SNARKs<\/a> for being a great host! pic.twitter.com\/PhmYmCqNQj<\/a><\/p>\n

\u2014 Aarika for CA-32 (@AarikaRhodes) February 19, 2022<\/a><\/p><\/blockquote>\n

Rhodes also believes that the role of local businesses in expediting BTC\u2019s mainstream adoption is \u201ca simple matter of economics.\u201d By allowing small and medium businesses to accept BTC payments, the community refrains from making Bitcoin purchases elsewhere, and according to the congressional candidate, is a means to revitalize the local economies.<\/p>\n

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It\u2019s ok to hold elected officials accountable. They should lead by example. If we\u2019re really serious about making things better, integrity and accountability are important.<\/p>\n

\u2014 Aarika for CA-32 (@AarikaRhodes) February 20, 2022<\/a><\/p><\/blockquote>\n

As a full-time elementary school teacher, Rhodes is a front-row witness to the financial and societal struggles faced by students, families and educators:<\/p>\n

\u201cAs a teacher who lives paycheck to paycheck with no family money, I\u2019m risking everything to unseat an incumbent who currently has a little less than $4 million cash on hand. We don\u2019t need millions of dollars to win.\u201d<\/p><\/blockquote>\n

Rhodes also highlighted a lack of understanding among politicians who currently oppose and fear Bitcoin adoption. \u201cThose who are taking the time to learn, are starting to understand that it\u2019s the future,\u201d she added. Moreover, Rhodes believes that an integrated Bitcoin Lightning network could mitigate the cashflow shortage and market saturation faced at the peak of the coronavirus pandemic. <\/p>\n

\u201cPoliticians who oppose Bitcoin are of the same brand as those who opposed the Internet. It\u2019s also an indicator of where they\u2019re getting their money.\u201d<\/p><\/blockquote>\n

Rhodes further reiterated that the traditional system, coupled with the out-of-touch mindset of American politicians, is designed to keep people impoverished, concluding:<\/p>\n

\u201cI want us to remember who we work for: the American people. I\u2019m committed to putting all good ideas on the table and risking everything to make a difference. I\u2019m excited to see others doing the same.\u201d<\/p><\/blockquote>\n

Related: <\/strong>Fed senior officials will soon not be allowed to trade crypto, stocks and bonds<\/em><\/strong><\/p>\n

Just two days back, the Federal Open Market Committee (FOMC) approved a ruling that bans senior officials at the Federal Reserve from purchasing and holding cryptocurrencies and other investments.<\/p>\n

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FOMC formally adopts comprehensive new rules for investment and trading activity: https:\/\/t.co\/NOPJbWwCdn<\/p>\n

\u2014 Federal Reserve (@federalreserve) February 18, 2022<\/a><\/p><\/blockquote>\n

As Cointelegraph reported, FOMC announced that, starting May 1, senior Federal Reserve officials above the age of 18 are \u201cprohibited from purchasing individual stocks or sector funds; holding investments in individual bonds, agency securities, cryptocurrencies, commodities, or foreign currencies; entering into derivatives contracts; and engaging in short sales or purchasing securities on margin.\u201d<\/p>\n<\/div>\n