TL;DR
RFK Jr. & Trump each need the US authorities to purchase/maintain BTC and reject CBDCs, Trump plans to fireplace Gary Gensler, and Kamala Harris is attempting to ‘reset’ relations with crypto firms.
Full Story
As talked about above, Bitcoin Nashville went down this previous week/weekend 👆
And it marked a large shift in the way in which Bitcoin (and crypto as a complete) is now being handled by the big-wigs in energy.
Right here’s what you missed:
RFK Jr. mentioned he’d signal an government order that might see the US Gov. purchase 550 Bitcoin per day, until they’d a stockpile of 4M cash.
(Seems like Saylor received in his ear).
Trump vowed to construct a “strategic Bitcoin stockpile” for the US.
(Undecided what which means precisely, however it suggests shopping for plenty of BTC and the group ate it up ¯_(ツ)_/¯)
He additionally vowed to fireplace SEC chair, Gary Gensler, the primary day he’s in workplace.
(This received such a giant response he selected to repeat it)
Each candidates pushed to finish the US’ pursuit of Central Financial institution Digital Currencies (aka: cash the federal government can ‘swap off,’ even because it sits in your checking account)
And whereas the rumors of Kamala Harris talking on the occasion didn’t come to go, she’s apparently consulting with a handful of Silicon Valley big-brains and blockchain centered firms.
(In preparation to ‘reset’ relationships with the Democratic get together).
The takeaway:
The political class are rapidly realizing that opposing crypto growth is a dropping wager.
