I can't understand the American magic operation.

On February 16, according to "Bitcoin Magazine", Bitcoin's competitor, U.S. Senator Elizabeth Warren, suddenly made a 180-degree turn on Bitcoin. Switch from an oppositional stance to a supportive stance. It surprised many industry media and even shocked them.

After spending years denigrating Bitcoin as a currency commonly used by criminals, terrorists and climate change deniers, Senator Elizabeth Warren is expected to raise a flag over the Capitol on the 15th anniversary of Bitcoin's release, reports say. By New York A commemorative flag unveiled by the city council to pay tribute to Satoshi Nakamoto.

Elizabeth Warren is a Massachusetts Democrat. has been one of the fiercest critics of Bitcoin in the Senate. Last year, she spearheaded the introduction of bills such as the Digital Asset Anti-Money Laundering Act, which aims to restrict financial institutions from using Bitcoin and other cryptocurrencies to conduct illegal transactions.

"Coindesk" reports that given the senator's anti-Bitcoin record, this week she appeared to sign an official order to fly a flag over the U.S. Capitol in memory of Bitcoin creator Satoshi Nakamoto. Shocked.

However, some people believe that this sudden incident seems to be just a clever stunt by Bitcoin supporters.

While some critics celebrated Elizabeth Warren's endorsement, social media sleuths were quick to point out that anyone could pay to have a flag flown over the U.S. Capitol by filling out a form on the senator's website.

If the Bitcoin Magazine article praising Warren for finally “seeing the orange light” (referring to the orange Bitcoin logo) is any indication, it’s that the senator’s office is clearly taking a categorical approach. Free way to review flag application form.

The following is the full text of the "Bitcoin Magazine" report for your reference:

Author: Mark Goodwin

After spending years denigrating Bitcoin as the currency of criminals, terrorists and climate change deniers, Senator Elizabeth Warren raised a flag over the Capitol on the 15th anniversary of the Bitcoin network's launch by New York A commemorative flag unveiled by the city council to pay tribute to Satoshi Nakamoto. By - PubKey in New York City

Elizabeth Warren, Bitcoin's long-time opponent on Capitol Hill, saw the orange glow and raised a flag praising the work of Bitcoin's anonymous creator Satoshi Nakamoto to celebrate the 15th anniversary of the Bitcoin network's launch. .

Senator Warren's office participated in the "Congressional Flag Project" and submitted an application to fly the American flag over the Capitol Building on December 18, 2023 - known to Bitcoin players as "HODL Day" - to commemorate China. The achievement of the first “truly inclusive financial system” created by Satoshi.

While the Massachusetts senator’s sudden embrace of Bitcoin may seem surprising, her career-long rhetoric about fighting for the financially underserved is finally reflected in this concrete statement. Satoshi Nakamoto’s Bitcoin brings “new economic freedom to populations previously ignored by private and public institutions.”

Our friends at Bitcoin Magazine, PubKey, noticed the application documents made by the Senator’s Office to fly the flag. They will host a public event in New York City on February 15th at 6pm ET to not only reveal the story of the flag, but The flag itself will also be displayed, accompanied by actor, comedian and Bitcoiner T.J. Miller’s dramatized reading of the infamous December 18, 2013 BitcoinTalk post that immortalized “HODL” in the Bitcoin lexicon middle. Prior to the event, an X (formerly Twitter) Space event hosted by Bitcoin Magazine and PubKey at 4:30 PM ET will further tell the story of how Satoshi Nakamoto’s banner and Warren’s endorsement came to be. Just like in the mid-1770s, liberty-themed pubs like the PubKey played an important role in spreading the ideas and stories that made up the technological revolution.

Thomas Pacchia, co-founder of PubKey, mentioned the senator’s change in an interview with Bitcoin Magazine. “This is a historic moment for how politicians in Washington view the promise and inclusivity of the Bitcoin protocol. What politicians do matters far more than what they say,” her website describes her. As "a leading voice for consumer protection, financial reform and social justice," her recent actions to promote the work of Satoshi Nakamoto appear to be entirely consistent with her stated political mission.

Just a week before Warren ordered the flag to be flown, the senator introduced legislation that would give the Treasury Department more tools to limit the illegal use of Bitcoin, boldly stating that they "need new laws to combat the exploitation of cryptocurrencies." laundering billions for terrorist groups, rogue states, drug lords, ransomware gangs and fraudsters, evading sanctions, funding illegal weapons programs and profiting from destructive cyberattacks." In March last year, she even mentioned creating an “anti-cryptocurrency army” when running for re-election. Warren co-authored a letter to Fidelity CEO Abigail Johnson in May 2022 expressing concerns about including Bitcoin in its 401(k) plan, the letter read : "Investing in cryptocurrencies is a high-risk and speculative gamble, and we are concerned that Fidelity will use the retirement savings of millions of Americans to assume these risks."

Now, U.S. regulators such as the U.S. Securities and Exchange Commission have allowed the approval of 11 spot Bitcoin ETFs, including Fidelity’s FBTC. Warren has also changed his tone, recognizing the huge economic freedom brought by this new technology, and now joins the growing number of More and more elected officials are endorsing Satoshi Nakamoto’s Bitcoin protocol.

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