BITCOIN POLITICS: It sure looks like crypto, bitcoin and central bank digital currencies (CBDCs) are going to be hot topics on the campaign trail leading up to the 2024 U.S. presidential election. “The current regime, clearly, has it out for Bitcoin,” Ron DeSantis, the Florida governor and Republican candidate for president, said last week. “And if it continues for another four years, they’ll probably end up killing it.” One can’t help wondering if this is bait for libertarian-minded crypto advocates who might view Republicans’ attacks on civil liberties (anti-abortion and anti-trans legislation, book bans, etc) distasteful. And here’s CoinDesk’s Daniel Kuhn on the growing culture war around bitcoin.
SEC FRIENDLY: Much of the talk around crypto lately has involved big industry players arguing U.S. regulators have been opaque and frustrating to work with. And, yet, this CoinDesk piece explains how a couple companies, Prometheum Ember Capital and OTC Markets Group, have just figured out how to use existing rules (not ones especially tailored to crypto) to get themselves approved to operate in the crypto space. Food for thought!
BUY AND HODL: The long-term trend with U.S. stocks has been clear: people are holding equities for less and less time. Warren Buffett’s approach is not ascendant in stocks. However, over in bitcoin – an asset class the Oracle of Omaha hates – his long-term approach is how things work! Investors are hanging onto BTC longer than ever. It’s doubtful this’ll persuade Buffett to dive in, though.
WORLDCOIN’S DEAL: Worldcoin, the project that was founded by OpenAI CEO Sam Altman, just raised an eye-catching $115 million in venture funding. Worldcoin is the creator of World ID, a privacy-focused decentralized identification project. There is an artificial intelligence angle, which probably explains the big dollars. “As we embark on the age of AI, it is imperative that individuals are able to maintain personal privacy while proving their humanness. In doing so we can help ensure that everyone can realize the financial benefits that AI is poised to deliver,” said Alex Blania, CEO and co-founder of Tools for Humanity, the team behind Worldcoin.
Edited by Nick Baker and Jeanhee Kim.
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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
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Glenn Williams
Glenn C Williams Jr, CMT is a Crypto Markets Analyst with an initial background in traditional finance. His experience includes research and analysis of individual cryptocurrencies, defi protocols, and crypto-based funds. He owns BTC, ETH, UNI, DOT, MATIC, and AVAX
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