If Bitcoin can't handle being summed up in one sentence, then Bitcoin itself is the biggest joke 🤔
芒果Crypto
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In the early hours, the measures taken by the Federal Reserve Chairman (the term 'pimp' here is inappropriate and contains offensive language, and can be understood as a teasing nickname) and his non-cooperative attitude towards Trump (Old Trump) will inevitably not go unnoticed by Trump.
BitMEX co-founder Arthur Hayes made statements on social media saying that the Federal Reserve Chairman is not as cooperative with Trump as he is with Biden.
But this is not a big deal, because Treasury Secretary Scott Bessent, nominated by Trump, will serve as a counterbalance to the Federal Reserve Chairman just like Yellen.
The measures taken by Trump's team that do not rely on the Federal Reserve's money printing are as follows: First, terminate the conservatorship status of Fannie Mae and Freddie Mac;
Second, prompt the depreciation of the dollar relative to gold;
Third, relax the supplementary leverage ratio (SLR) exemption rules.
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