Nicholas Begich III

Nick Begich on his campaign website has a section on crypto under "Protecting Financial Sovereignty":

In the face of the continued debasement of traditional fiat currencies like the US Dollar, cryptocurrencies such as Bitcoin and metals such as gold and silver serve as an alternative safe haven asset class. Core aspects of many cryptocurrencies including programmed scarcity, transaction speed, immutability, and distributed ledgers contribute to a financial system that is more resilient, protects against counterfeiting, and ultimately, serves as a defense against the continuous erosion of Americans’ wealth through inflation. These features not only facilitate a more efficient and transparent economic framework but also put financial control squarely back into the hands of citizens, restoring power to the individual rather than centralized institutions.

My endorsement by HODLPAC in 2022 underscores a shared vision for a financial system that prioritizes accessibility, security, and individual sovereignty. I am committed to fostering an environment where cryptocurrency thrives, free from the heavy hand of central control. My aim is to advocate for a regulatory landscape that nurtures innovation and supports the continued development of the cryptocurrency landscape.

Importantly, Central Bank Digital Currencies (CBDCs) represent a concerning move towards greater financial surveillance and control by central authorities, undermining the very principles of privacy, autonomy, and decentralization that cryptocurrencies stand for. I oppose CBDCs as they centralize power rather than democratize it, threatening to compromise the individual freedom and privacy that is foundational to our financial sovereignty.

By supporting financial innovation within the private marketplace, we can ensure a future where economic power and privacy are restored to the people, safeguarding our collective wealth against the well-known vulnerabilities of traditional monetary systems.