{"id":33364,"date":"2025-06-24T09:46:38","date_gmt":"2025-06-24T09:46:38","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=33364"},"modified":"2025-06-24T09:46:38","modified_gmt":"2025-06-24T09:46:38","slug":"peter-schiff-slams-texas-for-authorizing-bitcoin-reserve-another-example-of-why-the-founding-fathers-distrusted-democracy","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=33364","title":{"rendered":"Peter Schiff Slams Texas For Authorizing Bitcoin Reserve: &#8216;Another Example Of Why The Founding Fathers Distrusted Democracy&#8217;"},"content":{"rendered":"<div>\n<p>Financial commentator <strong>Peter Schiff <\/strong>slammed Texas\u2019 move to establish a <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) reserve funded by the state treasury.<\/p>\n<p><strong>What Happened<\/strong>: Schiff took to X on Monday, voicing concerns about the legislative clearance given in the \u201cLone Star\u00a0State\u201d to use public funds to buy the apex cryptocurrency.<\/p>\n<p>\u201cTexas buying Bitcoin is yet another example of why the Founding Fathers distrusted democracy,\u201d he said.<\/p>\n<p>Schiff noted that wealthy Bitcoin investors, often known as whales, are buying off lawmakers to push such cryptocurrency-friendly measures and get political backing in exchange, all \u201cat the expense of taxpayers\u201d who fund the purchases.<\/p>\n<p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><\/p>\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Texas buying Bitcoin is yet another example of why the Founding Fathers distrusted democracy. Bitcoin whales &#8230;<\/p>\n<\/blockquote>\n<\/div>\n<\/figure>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/06\/46068856\/peter-schiff-slams-texas-for-authorizing-bitcoin-reserve-another-example-of-why-the-foundin\" alt=\"Peter\" schiff slams texas for authorizing bitcoin reserve: example of why the founding fathers distrusted democracy>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Financial commentator Peter Schiff slammed Texas\u2019 move to establish a Bitcoin (CRYPTO: BTC) reserve funded by the state treasury. What Happened: Schiff took to X on Monday, voicing concerns about the legislative clearance given in the \u201cLone Star\u00a0State\u201d to use public funds to buy the apex cryptocurrency. \u201cTexas buying Bitcoin is yet another example of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-33364","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/33364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33364"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/33364\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}