TL; DR
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RFK Jr. and Trump both want the US government to buy/hold BTC and reject CBDCs, Trump plans to fire Gary Gensler, and Kamala Harris is trying to ‘reset’ relations with crypto companies.
Full story
As mentioned above, Bitcoin Nashville went down this past week/weekend 👆
And it marked a huge shift in the way Bitcoin (and crypto as a whole) is now treated by the big powers.
Here’s what you missed:
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RFK Jr. said he would sign an executive order that would make the US government buy 550 Bitcoin per day until they had a supply of 4 million coins.
(Sounds like Saylor is in his ear).
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Trump promised to build a “strategic Bitcoin stockpile” for the United States.
(Not sure what that means preciselybut it suggests buying a lot of BTC and the public ate it up ¯\_(ツ)_/¯)
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He also promised to fire SEC Chairman Gary Gensler on his first day in office.
(This got such a big reaction that he chose to repeat it)
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Both candidates pushed for an end to the US push for central bank digital currencies (aka: money that the government can ‘switch off’ even if it’s in your bank account)
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And while rumors of Kamala Harris speaking at the event didn’t materialize, she is apparently consulting with a handful of big brains from Silicon Valley and blockchain-focused companies.
(In preparation for ‘resetting’ relations with the Democratic party).
The takeaway:
The political class is quickly realizing that thwarting crypto development is a losing bet.