JUST IN: 'America elected the most pro-crypto Congress ever with almost 300 pro-crypto elected to the House and Senate - CNBC
Crypto execs, investors and evangelists saw the election as existential to an industry that spent the past four years simultaneously trying to grow up while being repeatedly beaten down. In total, crypto-related PACs and other groups tied to the industry reeled in over $245 million, according to Federal Election Commission data. Nearly 300 pro-crypto lawmakers will take seats in the House and Senate, according to Stand With Crypto, giving the sector unprecedented influence over the legislative agenda. Link to CNBC article >>> https://lnkd.in/euj8FDqN
Should pension funds invest in Crypto?
The Times @CoinCornerDanny makes the case for YES!! The "Times" are changing... Source: Bitcoin Magazine
Breaking news:
Officially, Gary Gensler’s five-year term on the commission does not run out until 2026, but it has become customary for SEC chairs to move on when the US presidency changes hands. https://on.ft.com/4fzNwtJ Source: FT
Schwab CEO Says He "Feels Silly" For Not Buying Crypto;
Announces that Schwab Will Enter Spot Crypto Markets. Source: Bloomberg, Matthew Sigel on X
JUST IN: US Senator Cynthia Lummis outlines Strategic Bitcoin Reserve plan: "purchase 200k BTC per year for five years. 1m BTC total."
Source: Bitcoin Magazine
A nice one
by Julian Liniger (Relai 🇨🇭)
🚨LIQUIDATION ALERT🚨
$1,060,000,000 WORTH OF SHORTS WILL GET LIQUIDATED IF BITCOIN HITS $100,000 bitcoin Source: Ash Crypto @Ashcryptoreal
Bitcoin is trading at $97,000 this morning, very close to $100k.
It is now the 7th largest asset in the world in terms of market cap, and could climb to #5 very soon. Meanwhile, the vast majority of individuals, pension funds and other institutional investors do not have any exposure to this asset. Where will the price go if they start to jump in?
