TL;DR
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RFK Jr. & 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 massive shift in the way Bitcoin (and crypto as a whole) is now being treated by the big-wigs in power.
Here’s what you missed:
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RFK Jr. said he’d sign an executive order that would see the US Gov. buy 550 Bitcoin per day, till they had a stockpile of 4M coins.
(Sounds like Saylor got in his ear).
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Trump vowed to build a “strategic Bitcoin stockpile” for the United States.
(Not sure what that means exactly, but it suggests buying a lot of BTC and the crowd ate it up ¯\_(ツ)_/¯)
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He also vowed to fire SEC chair, Gary Gensler, the first day he is in office.
(This got such a big reaction he chose to repeat it)
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Both candidates pushed to end the US’ pursuit of Central Bank Digital Currencies (aka: money the government can ‘switch off,’ even as it sits in your bank account)
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And while the rumors of Kamala Harris speaking at the event didn’t come to pass, she’s apparently consulting with a handful of Silicon Valley big-brains and blockchain focused companies.
(In preparation to ‘reset’ relationships with the Democratic party).
The takeaway:
The political class are quickly realizing that opposing crypto development is a losing bet.
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