Ross Stevens argues that Bitcoin mining should be recognized as 'expressive conduct' deserving of First Amendment protection.

Michael Saylor supports this view, asserting that Bitcoin functions as a form of speech, citing a paper by NYDIG's Ross Stevens.

Stevens emphasizes that the U.S. Constitution safeguards freedom of speech, and he believes Bitcoin exemplifies this through ongoing user communication and expressive content.

He characterizes the Bitcoin Network as an 'expressive association,' highlighting its role beyond merely being a collection of users.

The paper argues that Bitcoin embodies principles of individual liberty and acts as a protest against government control over currency.

Stevens points out that Bitcoin's hard-coded political values promote individual liberty and resist censorship.

He concludes that regulating Bitcoin raises significant constitutional questions due to its expressive characteristics.

Despite its prominence, Bitcoin continues to face legal challenges and regulatory uncertainties.

There are legal complexities surrounding the operation of Bitcoin nodes and the transmission of Bitcoin to sanctioned entities, indicating unresolved legal matters.

Currently, activities such as Bitcoin mining and transaction broadcasting remain legal in the United States.

Critics argue that many Bitcoin users engage in activities that diverge from the high ideals of free speech, such as gaming and investment.

The article raises questions about whether the Founding Fathers intended to extend free speech protections to altcoin offerings.