Aarika Rhodes is an elementary school teacher who has become a congressional candidate. She recently spoke at the Bitcoin Day Sacramento 2022 event in which she discussed the impact of Bitcoin (BTC), in local politics.
Rhodes spoke to Cointelegraph about the difficulties faced by grassroots candidates such as herself in competing against well-known members of Congress.
Lighting has been officially adopted by our campaign for campaign contributions. This option is available to all our supporters in all 50 states. #Bitcoin
Aarika for CA32 (@AarikaRhodes November 30, 2021
She explained that a grassroots campaign such as ours would not have been able to make it this far without Bitcoin and the Lightning Network. This is especially true if she was a full-time elementary teacher. Rhodes spoke out about her campaign in particular:
“It [BTC] made us viable in the effort to unseat the 20+ year incumbent.” It was an honor to speak at #Bitcoin Day about campaign finance reform and how financial literacy should be taught in schools. We also talked about the importance of reminding legislators that they are public servants first. @ck_SNARKs, for being such a great host! pic.twitter.com/PhmYmCqNQj
Aarika for CA32 (@AarikaRhodes February 19, 2022)
Rhodes believes that local businesses are essential in accelerating mainstream adoption of Bitcoin. By allowing local businesses to accept BTC payments the community stops making Bitcoin purchases elsewhere. This, according to Rhodes, is a way to revitalize local economies.
It is acceptable to hold elected officials responsible. They should set an example. Integrity and accountability are essential if we want to make things better.
Aarika for CA32 (@AarikaRhodes February 20, 2022
Rhodes, a full-time elementary teacher, is an eyewitness to the financial struggles and social problems faced by students, parents, and educators.
“As a teacher living paycheck to paycheck and with no family income, I am willing to take on the risk to challenge an incumbent who has less than $4million in cash. To win, we don’t need to have millions of dollars.
Rhodes also pointed out the lack of understanding by politicians who oppose and fear Bitcoin adoption. She said, “Those who take the time to learn are beginning to understand that it is the future.” Rhodes also believes that an integrated Bitcoin Lightning network can mitigate market saturation and cashflow shortages experienced at the height of the coronavirus pandemic.
“Politicians who oppose Bitcoin have the same brand as those who oppose the Internet. It is also an indicator of their source of income.
Rhodes also reiterated that the traditional system and out-of-touch attitude of American politicians are designed to keep people poor, concluding:
“I want us all to remember who we are working for: The American people. I am committed to sharing all my ideas and taking risks to make a difference. It’s exciting to see other people doing the same.”
Related: Fed senior officers will soon be prohibited from trading crypto, stocks, and bonds
Two days ago, the Federal Open Market Committee approved a ruling prohibiting senior Federal Reserve officials from holding or purchasing cryptocurrencies.
FOMC formally adopts comprehensive new rules for investment and trading activity: https://t.co/NOPJbWwCdn
Federal Reserve (@federalreserve), February 18, 2022
Cointelegraph reported that the FOMC has announced that senior Federal Reserve officers over 18 years old are prohibited from buying individual stocks or sector funds, holding investments in individual bonds or agency securities, and entering into derivatives contracts. They also cannot purchase short-term securities or buy securities on margin.