since last week dramatic conclusion Following the months-long Bitcoin ETF saga, mainstream financial and political forces this week attempted to embrace the cryptocurrency ethos, for better or worse.
On Wednesday, Wall Street investment firm Franklin Templeton’s digital assets team attempted to inject youthful energy into the legacy company by taking over the company’s Twitter account. A buzzing debut One of several spot Bitcoin ETFs.
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References mentioned Dog We FatThis is the Solana meme coin that achieved amazing results last month.
In response to these posts, Van Eck, another Wall Street investment firm that launched its own spot Bitcoin ETF last week, attempted to throw some shade at its rival by getting even cooler by using the term degen.
Rule #1: Don’t use xeetcoin if you’re interested. ✌
Back and forth has certainly left some cryptocurrency enthusiasts encouraged that the biggest names in finance are now embracing cryptocurrency rhetoric. But the conversation made some people – until they dated this reporter – a little cringe-inducing.
Meanwhile, in politics, several developments have brought blockchain technology to the forefront, putting cryptocurrencies front and center in this week’s Republican presidential primary.
On Monday evening, after a poor showing at the Iowa caucuses, cryptocurrency advocate Vivek Ramaswamy dropped out of the race. approve in a hurry The frontrunner in this race is Donald Trump.
Cryptocurrency advocates hoped Ramaswamy’s voice on the industry could influence the Trump campaign following his endorsement. Ramaswami even said himself that just before he took the stage to speak with Trump, he told the former president to consider banning American creative writing. central bank digital currency (CBDC).
In fact, just hours later, in a speech in New Hampshire, Trump promised that he would “never allow” the creation of a CBDC in the United States. This could potentially confirm the influence of cryptocurrency allies like Ramaswamy in Trump’s inner circle.
Just In: Donald Trump said tonight that he will never allow the creation of a central bank digital currency while he is president. CBDCs give governments the opportunity to monitor your cash and take complete control over you.
In just one day, Trump debuted Another collection of on-chain digital collectibles. This time they were issued as Ordinals on the Bitcoin network.
The move appears to have solidified Trump’s status as the most attractive presidential candidate in the cryptocurrency space ahead of a major general election in 2024.
But the former president does not come without baggage. Trump currently faces 91 criminal charges in multiple state and federal jurisdictions. Moreover, based on past statements and actions of conglomerates, many people Washington and beyond that This is because of concerns that his election could threaten the stability of American democracy.
Many in the cryptocurrency industry may soon have to choose between supporting the industry and other priorities. Some people have already made that decision.
I will vote for any cryptocurrency expert and I don’t care if it’s Trump.
