BITCOIN CRASHED Below $55k - What Happened Today

1. Ripple co-founder backs Kamala Harris for president:

Chris Larsen, Ripple’s co-founder and executive chairman, joined 87 corporate leaders endorsing Kamala Harris for the 2024 U.S. presidential election. The letter, signed by other big names like Box CEO Aaron Levie and Yelp’s Jeremy Stoppelman, highlights growing crypto interest in politics. We all know which Banks are highly interested in Ripple and how this doesn't help decentralization so that's one negative update.

2. Telegram’s Pavel Durov breaks silence after arrest:

Pavel Durov, the founder of Telegram, made his first public statement after being arrested in France on August 24. The tech billionaire, surprised by his detention, emphasized that French authorities could have easily reached him through legal representatives or the French Consulate in Dubai. Durov reiterated his commitment to free speech, hinting that Telegram may leave jurisdictions that clash with its values.

3. Kamala Harris campaign accepts crypto donations via Super PAC:

Kamala Harris’ presidential campaign has opened the door to crypto donations, confirmed through the Future Forward Super PAC. Although initially misunderstood, Coinbase CFO Alesia Haas clarified that the PAC, not the Harris campaign itself, uses Coinbase Commerce to accept contributions. Future Forward raised over $163 million, previously spending $150 million to support Biden in 2020. Crypto-focused PACs are ramping up their influence, with Coinbase also being a top donor to the Fairshake PAC.

From Ripple’s political plays to Telegram’s legal drama, today’s crypto news shows just how deeply blockchain and digital assets are embedding into global POLITICS.

Maybe that's one of the reasons why Bitcoin is down that much? Politics and values of "freedom" and "decentralization" don't really get along.

What do you think?

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