WASHINGTON—In exclusive interviews with The Floridian, Democratic and Republican lawmakers expressed support for President Donald Trump's "Golden Age" investment agenda, saying Americans should be free to invest in gold, silver, Bitcoin, and other cryptocurrencies in equal measure.
Last week, President Trump issued an executive order aiming to weaken the influence of two foreign-owned companies, Institutional Shareholder Services Inc. and Glass, Lewis & Co., LLC. The Trump administration claims they "control more than 90 percent of the proxy advisor market, advise their clients about how to vote the enormous numbers of shares their clients hold and manage on behalf of millions of Americans in mutual funds and exchange traded funds," suggesting that it is with a left-wing political agenda.
As a result, lawmakers have shown support for Americans' investment in gold, silver, and cryptocurrencies.
Representative Jared Moskowitz (D-FL) backs the effort, commenting, "Of course, 100%. Absolutely. There should be no limitations on that if that's where they want to have their investment. Bitcoin and crypto are new coming in, but gold and silver are obviously no-brainers."
Representative Aaron Bean (R-FL) expressed, "I would favor your money, spend it how you want."
"Well, why not? If you had gold in your save, I think you are doing quite well right now," said Texas Rep. Troy Nehls (R).
In addition, Representative Randy Fine (R-FL) also said that he would be "open to that."
"It's your money. They should be able to invest it in what they want," Rep. Fine explained. "If we allow people to invest in high-risk products, and those investments turn out ot be back, folks have to be ready to live with the consequences of it."
"I think if it's the individual's money, they should have that flexibility," Representative Jimmy Patronis (R-FL) commented. Additionally, he suggested that the private sector is opening up to the idea, and that "you can invest in a mutual fund that focuses on gold or focuses on precious metals, or those AI technologies, or even bitcoin mining."
"As for the federal government," Rep. Patronis continued, "If we were trying to expand our investment— Trump touched a little on this by taking a bitcoin and making a strategic reserve with it… cause we've got all these bitcoins that we've seized over the years from drug deals and what have you. Now, that's part of a U.S. Government asset."
He suggested that the "upside" is that "it also kinda creates some stability in the coin, so it's not like the federal government is gonna go dump it in the market, but it’s the asset that we’ve got on the books that creates some stability that normalizes, I think, the protection or the value quality of the that investment."
