Bitcoin Petition

Define It As Money

The main purpose of this petition is to create a lobby group to get bitcoin defined as “money” by ALL USA regulatory agencies. For more details, visit the website.

Anyone may share to and download the petition for reference and then pass it on to others who are US residents. Your financial involvement is greatly appreciated even if you are not a US resident. Your support will help you in the long run by clearing the regulation nightmare allowing rapid innovation in blockchain technology.

Please sign and send in the petition letter if you are a US resident.  Only file one time but tell others to do the same. We want valid petitions to the government to make the lobby effective. 

If you want a copy of the petition to send to USA residents and you are  NOT a USA resident, leave the Resident check box blank and sign the petition.  Non residents can help reach US voters.

The below information is the basics for the petition. Complete the form and we will send you an email containing a letter to your Congressmen along with mailing instructions. The below is an outline of what is on the website and in the petition.

Recommendation

The US Government should declare bitcoin as money and potentially accept it as payment for taxes.

Problem

Currently, the US government via the IRS, FINRA, CFTC, and just about every other government regulatory agency has different rules and definitions for bitcoin. This makes it virtually impossible for US companies to be innovative and competitive in the bitcoin industry along with a serious loss of tax revenue.

Discussion

  • Congress needs to be directed to take action declaring bitcoin as money and not leave this up to all the individual companies to fight legal battles.
  • Demands that bitcoin needs special controls to prevent fraud, money laundering and terrorism are false and instead bitcoin is IDEAL for determining and PROVING fraud, money laundering and terrorism.
  • IRS designation of bitcoin as property is designed to increase the size of the IRS. Make it money and you can eliminate a lot of IRS field agents by tracking the bitcoin in software.
  • Agencies claiming they need consumer protection for bitcoin are trying to justify greater employment for their agency. Bitcoin is not fraud, fraud is fraud. Regulate fraud, not bitcoin or the blockchain.
  • US innovation, business, and increased tax revenue will be realized if bitcoin were declared as money.
  • Banking would increase because bitcoin could flow in and out of currencies at a much larger rate. The banks and consumers would have greater benefit.
  • Remove KYC and AML from bitcoin and leave it with the banks and exchanges.

Solution

Declare bitcoin as money and potentially accept it as payment for taxes in the USA.

Support Our Effort

Please sign the petition and we will send a draft letter to you via email. This petition will benefit government, business and users.

If you would like to share to the cause to help pay for the websites, downloads, marketing and lobbying efforts, please sign the petition then request a donation link from the "Contact Me" link below.

If you want to participate in potential income by circulating this petition as an eBook, check the Get Paid box if you have no sponsor to this program and would like to join.

Check the Resident box if you are a USA resident.