Skip to main content

Massie’s Fed Abolition Push Gets Fresh Bitcoin Attention After Citing The Bitcoin Standard

Rep. Thomas Massie’s push to abolish the Federal Reserve is drawing renewed attention in Bitcoin circles because of his explicit reference to The Bitcoin Standard, a book that has long shaped hard-money arguments inside the crypto community.

TL;DR

  • Massie introduced H.R. 1846 in March 2025, so this is not a brand-new bill today.
  • The renewed crypto angle comes from his stated influence from The Bitcoin Standard.
  • The bill has low near-term odds of becoming law, but it is culturally relevant for Bitcoin supporters.
  • The story should be framed as political/monetary debate, not as immediate policy change.

The official release from Massie’s office describes the Federal Reserve Board Abolition Act, legislation aimed at eliminating the Federal Reserve Board of Governors and the Federal Reserve banks. For Bitcoin readers, the most interesting part is not only the policy proposal itself. It is the way Massie connects the idea to the broader hard-money critique that has been central to Bitcoin since its earliest days.

That makes the story traffic-worthy, but it also needs careful framing. The bill was introduced in March 2025. It should not be presented as newly introduced today. The current angle is renewed attention and Bitcoin community relevance, not a fresh legislative filing.

Why Bitcoiners care

Bitcoin’s original appeal was built partly around distrust of central bank money. The network’s fixed supply, predictable issuance and lack of a central monetary authority made it attractive to people who believed fiat systems were too vulnerable to inflation, political pressure and credit expansion.

The Bitcoin Standard became one of the best-known books in that world because it framed Bitcoin through monetary history and Austrian economics. Whether readers agree with every argument or not, the book helped turn Bitcoin from a technical experiment into a broader monetary idea for many supporters.

So when a U.S. lawmaker cites that intellectual tradition while pushing a bill against the Fed, it naturally gets attention from Bitcoin advocates. It gives a political expression to views that have circulated in crypto for years.

Symbolic does not mean irrelevant

The realistic odds of abolishing the Federal Reserve in the near term are extremely low. The Fed is deeply embedded in U.S. financial markets, banking supervision, payment systems and monetary policy. Any serious attempt to dismantle it would face enormous political and institutional resistance.

But symbolic bills can still matter. They shape debate, give supporters a rallying point and force mainstream audiences to engage with ideas that might otherwise stay outside Congress. For Bitcoin, the symbolism is clear: a sitting lawmaker is connecting anti-Fed politics with a Bitcoin-adjacent monetary critique.

The market angle

This bill is not going to move Bitcoin price in a direct, mechanical way. Traders should not treat it like an ETF approval or central bank rate decision. The relevance is narrative. Bitcoin continues to benefit from moments that reinforce its identity as an alternative monetary system.

That identity becomes especially visible when inflation, debt, central bank policy or currency debasement enters the political conversation. Massie’s bill sits directly in that lane.

The sensible takeaway is simple: this is not immediate policy change, but it is another sign that Bitcoin’s monetary ideas have moved well beyond niche forums and into formal political debate.

This article was written by the News Desk and edited by Samuel Rae.

Originally Source:  Office of Representative Thomas Massie



from Bitcoinist.com https://ift.tt/93nKe8C
Labels:

Comments

Post a Comment

Popular posts from this blog

Slow And Steady Wins? Bitcoin To Hit $1M Via ‘Pump’ And ‘Consolidate’ Pattern: Expert

The bull cycle was deemed over when the price of Bitcoin tragically fell toward $75,000 earlier in March 2025. Having notched an all-time high of above $100,000, most investors feared that the premier cryptocurrency had already reached its top for the current cycle. Contrary to popular belief, the price of Bitcoin has since forged multiple new all-time highs, with the current record high at around $122,800. Interestingly, the now-popular market consensus is that it is only a matter of time before the BTC price reaches a seven-figure valuation. How Will Bitcoin Hit $1 Million In 10 Years? In a recent post on the X platform, Blockware Bitcoin analyst Mitchell Askew has joined a growing list of experts to put forward a $1 million projection for the premier cryptocurrency. According to the analyst, the price of BTC is expected to achieve this major milestone over the next 10 years. What’s interesting is that Askew expects the Bitcoin price to reach a $1 million valuation in the next ...
Post a Comment
Read more

Sam Bankman-Fried’s Cellmate Says He Never Owned Up — And That’s Why A Pardon Won’t Come

Sam Bankman-Fried says he would “absolutely” welcome a pardon from US President Donald Trump. Trump, for his part, has already said no. Cellmate Speaks Up Michael Avenatti, who shared a prison unit with the former FTX chief, went further than Trump’s January dismissal. In a series of posts on X, Avenatti said SBF never once admitted any wrongdoing during their time together — not privately, not in passing, not ever. “Not once did he admit he’d done anything wrong,” Avenatti wrote, adding that redemption begins with accepting responsibility. Without that, he argued, a pardon request carries no real weight. Avenatti is no neutral observer. He is himself a convicted felon, currently incarcerated for extortion and fraud. His criticism of SBF’s character comes from someone with his own considerable legal baggage. Sam Bankman-Fried and I were prison bunkmates and I know him well. So I read this with more context than most. Sam and I argued ...
Post a Comment
Read more

Bitcoin Remains Range-Bound As Volatility Declines – Analyst Explains Price Action

Bitcoin has experienced frustrating price action in recent weeks, leaving investors impatient about its short-term direction. The price has been testing crucial supply levels between $98K and $100K, struggling to break out as uncertainty dominates the market. The lack of a clear move has led to speculation about whether BTC is preparing for a breakout or another correction. Adding to the uncertainty, the market was hit by negative news on Friday when crypto exchange Bybit was hacked, resulting in the theft of $1.4 billion in ETH. The incident caused fear and volatility, briefly dragging prices lower. However, Bybit responded quickly to reassure investors, easing some of the initial panic and stabilizing the market. Despite this, Bitcoin continues to consolidate in a tight range. Crypto expert Daan shared an analysis on X, noting that BTC is still ranging while volatility is steadily decreasing. As price compression increases, traders are on high alert for a potential explosive move....
Post a Comment
Read more