The Wealthiest Serving Congressman Just Bought His First Bitcoin

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The wealthiest serving member of Congress, California congressman Darrell Issa, visited Airbitz, a Bitcoin wallet provider. The Airbitz team and Issa discussed legislation enabling startups to raise equity funding not only from accredited investors but the public as well.

Also read: Alleged Silk Road Forum Operator ‘Roped Into’ U.S. Extradition

Congressman Buys Bitcoin

According to the San Diego Union Tribune, Airbitz focuses on enterprise software allowing companies to encrypt and secure consumer data. In day-to-day practice, Airbitz is a Bitcoin wallet provider, including a directory and possibly an exchange in the future operated by a third party. According to Airbitz co-founder Paul Puey, the startup and the Congressman talked about Bitcoin at great length.

“Our chat with the Congressman was full of Bitcoin discussion,” he told over e-mail. “We talked to no end about the role of bitcoin in balancing financial powers, its utility relative to gold and fiat, and how it redefines our notion of money.”

Airbitz raised $475,000 USD in traditional venture capital. According to the Union Tribune, the company will next raise $1 million from the public. This can be done thanks to Title III of the JOBS Act.

Airbitz, founded in San Diego, is

Read more ... source: TheBitcoinNews

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