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- 2024-05-23
2024-05-23
Fernando Fierro
May 23, 2024
Howdy folks,
🚀📜 President Biden has expressed willingness to work with Congress on the FIT21 crypto bill, despite the White House's reservations.
The administration criticized the bill for lacking sufficient consumer protections but is open to collaborating on a comprehensive regulatory framework for digital assets.
However, some critics argue this move could delay much-needed regulatory clarity.
In other news:
⚖️🔒 SEC Chair Gary Gensler strongly opposes the FIT21 act, arguing that it deviates from the SEC's 90-year-old regulatory framework. Gensler warns it could expose Americans to significant risks by undermining established oversight of investment contracts.
On the flip side, many believe the SEC's stance is stifling innovation and pushing talent overseas.
💰🐕 Donald Trump has surprised many by launching a crypto donation portal for his presidential campaign. Supporters can now donate using BTC, ETH, SHIB, DOGE, and other top cryptos, marking a significant shift in Trump’s stance on digital currencies.
Yet, this move has raised concerns about the transparency and security of crypto donations in politics.
🍕 On May 22, Bitcoiners celebrate the historic purchase of two pizzas for 10,000 BTC in 2010 by Laszlo Hanyecz. Today, those 10,000 BTC are worth around $700 million. This landmark transaction marked Bitcoin's first real-world use and paved the way for its mainstream adoption.
Had Hanyecz held onto his Bitcoin, he could now afford 35 million pizzas or 2.3 million acres on the moon.
DailyCoin Daily Meme
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