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President-elect Trump nominates pro-Bitcoin Stephen Miran to lead his Council of Economic Advisers.
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🟣 Trump’s pro-crypto pledge could see day-one executive orders, industry players hope As President-elect Donald Trump prepares to take office, the U.S. crypto industry anticipates the issuance of pro-crypto executive orders on his first day. Industry leaders hope for initiatives like establishing a Bitcoin strategic reserve, improving access to banking services for crypto firms, and creating a regulatory council for the sector. Key figures in Trump's administration, such as Stephen Miran and Paul Atkins, have been nominated to influential positions, signaling a shift towards a more favorable regulatory environment for cryptocurrency. Insiders believe that these measures could counter the current administration's regulatory approach and promote innovation in the U.S. crypto landscape. #MarketRebound
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❕ Michael Saylor Makes Bitcoin Advice to Amazon Founder Billionaire Jeff Bezos Michael Saylor, a prominent Bitcoin advocate, suggested that Amazon founder Jeff Bezos should invest in Bitcoin, particularly in light of rumors about an extravagant $600 million wedding. Saylor noted that with that amount, Bezos could purchase a significant quantity of Bitcoin. However, Bezos denied the wedding cost claim, stating it was false and implying that no wedding was planned. He also commented on the nature of misinformation, referencing a quote from Mark Twain about the rapid spread of lies. Despite Saylor's advice, Bezos's focus appears to be on clarifying the inaccuracies surrounding the rumors. #CryptoWatchMay2024
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🚨 More Pain Likely, Market Expert Says After Bitcoin's Biggest Loss Since August Bitcoin experienced its largest drop since August, falling 8.8% to nearly $95,000 last week. Market expert Andre Dragosch from Bitwise warns that further losses may be on the horizon, attributing the downturn to the Federal Reserve's cautious stance on rate cuts amid tightening financial conditions and rising inflation. Despite this, Dragosch sees potential buying opportunities due to Bitcoin's ongoing supply deficit. He notes that the Fed's reluctance to aggressively cut rates could lead to a prolonged risk-off sentiment in the market, further impacting cryptocurrencies. The current economic climate mirrors inflationary pressures seen in the 1970s, raising concerns about a potential resurgence of significant inflation. #CryptoWatchMay2024
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🚨 Michael Saylor Reveals Strategic Bitcoin-Based Digital Asset Policy for US Michael Saylor, co-founder of MicroStrategy, has proposed a strategic digital asset policy aimed at strengthening the U.S. dollar and enhancing the economy through Bitcoin and other digital assets. His framework, outlined in a document titled "Digital Assets Framework, Principles, and Opportunity for the United States," categorizes digital assets into groups such as digital commodities (like Bitcoin), digital securities, and digital tokens with utility. Saylor emphasizes the need for a robust regulatory framework to ensure accountability among market participants and to promote confidence in digital asset markets. He believes this policy could help neutralize national debt and position the U.S. as a leader in the digital economy, potentially generating significant economic growth. Recently, MicroStrategy was added to the Nasdaq 100, reflecting its success in accumulating Bitcoin as a key part of its strategy. #CryptoTrends2024
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❕ Hailey Welch 'Fully Cooperating' With Lawyers Suing Over Failed HAWK Crypto Hailey Welch, known for her viral presence as the "Hawk Tuah girl," is cooperating with lawyers representing investors who lost money in the failed HAWK cryptocurrency. Following the token's collapse shortly after its launch in early December, allegations arose that insiders profited at the expense of buyers. Welch stated her commitment to uncovering the truth and encouraged affected investors to reach out to the law firm pursuing a lawsuit against the creators of HAWK, which is accused of violating securities laws. This controversy has impacted Welch's rising career as a content creator, as she previously lent her likeness to the HAWK project for a fixed fee, without guarantees of future earnings. #CryptoTrends2024
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