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Butler County Today

Wednesday, January 22, 2025

Warren Davidson advocates for changes in DeFi regulation and tax system reform

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U.S. Rep. Warren Davidson representing Ohio's 8th Congressional District | Official U.S. House headshot

U.S. Rep. Warren Davidson representing Ohio's 8th Congressional District | Official U.S. House headshot

Warren Davidson, a U.S. Congressman representing Ohio's 8th district since 2016, has shared his views on several key issues through a series of tweets. Davidson, who succeeded John Boehner in Congress and previously served on the Concord Township Board of Trustees, is known for his strong opinions on financial and governmental matters.

On November 19, 2024, Davidson tweeted about the importance of protecting self-custody in decentralized finance (DeFi). He stated that "DeFi needs the #KeepYourCoins Act to protect self-custody, not traditional Know Your Customer (KYC) enforcement that's completely unworkable with much of the architecture." He emphasized the need for leaders at Treasury and the SEC who understand technology to help create a future for DeFi.

In another tweet on the same day, Davidson called for significant changes to the U.S. tax system. He advocated to "Repeal the 16th Amendment. End the income tax. Abolish the IRS." Instead, he proposed implementing simple consumption taxes managed by a new Department of Federal Revenue.

Later that day, Davidson commented on recent political developments by stating that "The American people just fired the globalists, nevertheless... tactical support has shifted to tactical support." The tweet suggests shifts in political strategy following electoral outcomes.

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