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RECAP: KEEP YOUR COINS ACT
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RECAP: KEEP YOUR COINS ACT

Bitcoin vs. Law: Time's up! $0.07 from 13 years ago!

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InvestAnswers
Jul 29, 2023
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NUGGETS OF ALPHA

  • House Financial Services Committee passed the Keep Your Coins Act of 2023

  • U.S. leadership could set the standard for stablecoin regulation worldwide

  • Dollar-denominated stablecoins could bolster the Dollar’s status as the World’s Reserve Currency

  • Chair Gensler continues his contradictory statements regarding digital assets

  • Greyscale's Chief Legal Officer says that Bitcoin ETFs should all be approved simultaneously

  • If the BTC ETF is launched before the halving, might see a +350% increase in BTC price

  • The U.S. government dropped a political campaign finance charge against SBF

  • All U.S. Core Inflation Indicators show a downward trend

  • U.S. debt servicing continues to explode as interest payments blast past $1T/year

  • Bitcoin is approaching a new all-time high against the Turkish Lira


“If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry” is a quote from Satoshi Nakamoto 13 years ago when BTC traded at seven cents. Now the world powers' lawmakers are wakening up to Bitcoin and digital assets. This week’s developments reminds me of the old expression, "Slowly then suddenly!"


The House Financial Services Committee passed the "Keep Your Coins Act of 2023," which, if enacted into law, would ensure that

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