🇺🇸 Donald Trump Accepting Crypto & FIT21 Vote Today!
It is a big day for crypto with huge political implications.
GM Thinkers 💡
Crypto is having a major impact on politics. Today is a very important day in DC. Here is the run down.
Donald Trump Now Accepting Crypto Donations
In a groundbreaking move, former President Donald Trump has announced that his campaign will now accept cryptocurrency donations. This decision signals a significant shift towards mainstream acceptance of digital currencies in the political arena. By embracing cryptocurrencies, Trump's campaign aims to tap into the growing base of crypto enthusiasts and donors who prefer the transparency and efficiency of blockchain technology. This development also highlights the increasing role of digital currencies in modern political campaigns.
This follows Donald Trump’s statements from Mar-A-Lago a couple weeks ago where he publicly stated he supports crypto.
SEC Reviews Ethereum ETF Applications: Approval Imminent?
The U.S. Securities and Exchange Commission (SEC) is reportedly nearing a decision on several Ethereum ETF applications. This comes after months of anticipation and speculation within the crypto community. Approval of an Ethereum ETF would be a landmark moment, potentially opening the doors for a surge of institutional investment in the second-largest cryptocurrency by market capitalization. This move is expected to provide greater legitimacy and accessibility to Ethereum, further solidifying its position in the financial markets.
The folks at Bloomberg are seeing positive signs but did note while things are moving it doesn’t mean approval by the deadline, instead we could see approvals 2 weeks from now.
FIT21 Crypto Regulation Vote Today
The FIT21 Crypto Regulation House vote is set to take place today around 4:30pm ET. This crucial vote will determine the regulatory framework for cryptocurrencies in the U.S., addressing issues such as consumer protection, market integrity, and anti-money laundering measures. The outcome of this vote could significantly impact the future landscape of the crypto industry, shaping how digital assets are regulated and integrated into the broader financial system. All eyes will be on the decision-makers as the crypto community awaits the results.
SEC Chair Gary Gensler sent a letter out this morning pushing back on the FIT21 bill. Here is a quote “…many players in the crypto industry don't play by the rules. We should make the policy choice to protect the investing public over facilitating business models of noncompliant firms.”
However, Gensler and Elizabeth Warren have lost the narrative as Democrats have partnered with Republicans to repeal the SEC’s SAB 121. Many are hoping the Democrats join Republicans again and vote for the passage of FIT21 in the House.
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Here is my interview with Ben Mills who is the CEO and co-founder of Meso which is a payment platform that enables developers to connect banks and cards to crypto apps. Prior to founding Meso, Ben served as the Director of Product Payments at Solana Labs. He was also the head of product at Venmo where he led strategic partnerships with American Express, Uber and Snapchat. We discuss:
His time at PayPal/Venmo and Solana labs
How Meso is helping to improve crypto payments by connecting banks and crypto apps
Raising $9.5 million in funding
Impact of Stablecoins on payments
Bitcoin ETFs
Crypto Regulations
Listen on Podcast Platforms:
Topics:
His time at PayPal/Venmo and Solana labs
How Meso is helping to improve crypto payments by connecting banks and crypto apps
Impact of Stablecoins on payments
Raising $9.5 million in funding
Bitcoin ETFs
Crypto Regulations
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The crypto run up for the election is going to be crazy!