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Tim Wu, a proponent of internet neutrality serving the White Home, has disclosed that he owns $1 million to $5 million in bitcoin.
Prime antitrust knowledgeable on the White Home, Tim Wu, owns between $1 million and $5 million price of bitcoin, the most important holding in his monetary portfolio, in keeping with a report from Politico.
“Wu, a troublesome critic of tech corporations’ energy, owns between $1 million and $5 million in Bitcoin,” per Politico. “His funding in Bitcoin is his largest holding in his monetary portfolio.”
Wu is one among huge tech’s most distinguished critics and joined the Biden administration in March as a particular assistant for expertise and competitors coverage to the president on the Nationwide Financial Council.
Earlier than occurring depart to serve the federal authorities, Wu held a place as a legislation professor at Columbia College. In recent times, he has been main the revitalization of American antitrust, specializing in the rising energy of the large tech platforms.
However Wu is maybe most generally recognized for coining the time period “internet neutrality,” the precept that states web communications have to be handled equally and never discriminated in opposition to or charged in another way primarily based on consumer, content material, web site, supply or vacation spot handle. In essence, internet neutrality helps to safe freedom of data alternate and promotes truthful competitors and innovation for web providers.
Whereas Wu’s present function on the White Home won’t contain any explicit issues associated to Bitcoin, his monetary disclosure seemingly matches his ideology — that of standing in opposition to centralized management and outsized energy by huge tech corporations and of making certain non-discriminatory entry and utilization of the web and its many functions. It’s unclear how having a bitcoin holder within the White Home may form coverage, however Wu would possible be a proponent for regulatory readability or initiatives that foster entry to the main cryptocurrency.