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Yevhen

@applestar

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Yevhen
@applestar
➖ Share your thoughts on this topic. We are interested to hear your opinion👇 🧵 11/11
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Yevhen
@applestar
➖ With a host of crypto-related legislation on the table, this election season could mark a turning point in how digital assets are treated in the United States ➖ Whether you’re a crypto diehard, an industry player, or just crypto-curious, understanding these bills can guide your choices and may shape the future of crypto 🧵 10/11
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Yevhen
@applestar
➖ Keep Your Coins Act: Protecting Self-Custody Rights ➖ The Keep Your Coins Act, introduced by Rep. Warren Davidson, is a pro-consumer bill meant to ensure U.S. citizens’ right to self-custodial wallets ➖ With Davidson advocating for personal control, the bill is designed to prevent regulatory agencies from banning or limiting self-custody ➖ Its future remains uncertain, but the act underscores a core principle in the crypto space, self-sovereignty 🧵 9/11
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Yevhen
@applestar
➖ Blockchain Regulatory Certainty Act ➖ Crypto advocate Rep. Tom Emmer brought the Blockchain Regulatory Certainty Act to the House to exempt blockchain developers and service providers from certain reporting requirements, provided they don’t handle customer funds ➖ The bipartisan bill progressed to the House in July 2023 but has yet to pass either chamber ➖ This legislation has captured the crypto community’s attention as a way to let builders build without regulatory interference 🧵 8/11
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Yevhen
@applestar
➖ Equal Opportunity for All Investors Act ➖ The Equal Opportunity for All Investors Act, introduced by Congressman Mike Flood, aims to widen access to private investments ➖ Instead of focusing only on wealth, this bill allows individuals to qualify as accredited investors by passing a test on financial knowledge administered by the SEC ➖ This bill passed the House but has yet to clear the Senate, aiming to democratize investment access by allowing more people to participate in private offerings 🧵 7/11
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Yevhen
@applestar
➖ Financial Technology Protection Act of 2023 ➖ Rep. Zachary Nunn’s Financial Technology Protection Act seeks to create a working group focused on combatting terrorism and organized crime financing in new technologies ➖ The bill passed the House in early 2024 and heads to the Senate. While not explicitly anti-crypto, it focuses on cracking down on illicit finance, a hot topic in crypto spaces 🧵 6/11
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Yevhen
@applestar
➖ Digital Asset Anti-Money Laundering Act ➖ Senator Elizabeth Warren, a longtime crypto skeptic, has made waves with this bill that places crypto under the same anti-money laundering rules as traditional finance ➖ This anti-crypto act has met backlash, even losing cosponsor Senator Roger Marshall ➖ But Warren’s bill, which has yet to pass either chamber, could be a hurdle for those seeking privacy in crypto 🧵 5/11
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Yevhen
@applestar
➖ Clarity for Payment Stablecoins Act of 2024 Reps. Patrick McHenry, Senators Lummis, and Gillibrand are pushing this act to bring clarity to the stablecoin landscape ➖ A key highlight? It lets smaller stablecoin issuers (with a market cap under $10 billion) be regulated at the state level. The Clarity Act aims to offer a regulatory framework for USD-backed stablecoins, keeping the little guy in play ➖ The bill hasn’t passed either chamber but could offer a practical path forward for stablecoin adoption in the U.S. if it finally gets through 🧵 4/11
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Yevhen
@applestar
➖ CBDC Anti-Surveillance State Act: Keeping Big Brother Out of Your Wallet ➖ Rep. Tom Emmer introduced this bill to bar the Federal Reserve from creating a central bank digital currency (CBDC) that’s consumer-facing ➖ Emmer and others in the crypto community want to ensure that CBDCs aren’t used as a surveillance tool or a means of controlling how and where citizens spend their money ➖ Having cleared the House in May 2024, the bill awaits a Senate vote. Emmer’s vision for freedom from surveillance has attracted attention from both privacy advocates and crypto supporters 🧵 3/11
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Yevhen
@applestar
➖ Financial Innovation and Technology for the 21st Century Act (FIT21) The FIT21 Act, brought forward by Congressman Glenn Thompson in 2023, aims to clarify the rules of the crypto game ➖ By bringing “sufficiently decentralized” digital assets under the Commodity Futures Trading Commission (CFTC), FIT21 sets criteria to distinguish decentralized assets from securities ➖ The bill passed the House in May 2024 and awaits Senate approval. If signed into law, it could end the guessing game and give the SEC the green light to focus on securities rather than stifling innovation 🧵 2/11
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Yevhen
@applestar
⚪ 2024 Congressional Crypto Legislation: A Voter’s Guide ➖ As the 2024 U.S. elections near, digital assets are stepping onto the political stage ➖ For the first time, crypto policy is taking center stage, with executives and advocates pressing candidates for pro-crypto policies to foster the future of finance ➖ Yet, a clear, cohesive framework remains elusive as regulators like the SEC continue to enforce crypto regulations through legal actions rather than actual rule-setting ➖ Here’s a breakdown of key crypto legislation currently up for discussion and how it could impact the crypto world 🧵 1/11
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Yevhen
@applestar
⚪ AI Tokens Are On the Rise, and Fast ➖ Let’s not forget about those AI tokens. The total market cap for AI tokens now stands at $36.7 billion, which is a 100% increase since August ➖ And the trading volume? It’s sitting comfortably at $1.7 billion. For those keeping track, that’s a lot of money flowing into AI-driven crypto. As we gear up for Nvidia’s earnings report in November, experts are already speculating that its results could have a ripple effect on AI token prices. So, if you’re looking for the next big mover in crypto, it might just be AI ➖ Bottom line? AI and crypto are becoming best friends, and VCs are leading the charge. It’s a bullish outlook for the AI sector in the crypto space, and if the trend continues, we could be seeing AI tokens become the new stars of the show 🧵 5/5
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Yevhen
@applestar
⚪ October Brings Even More AI Hype ➖ Data from Kaito shows that AI-themed discussions absolutely skyrocketed in October ➖ AI’s mindshare hit over 50%, meaning more than half of the crypto chatter was all about AI. It’s like everyone woke up one day and realized that AI is the cool kid at the party ➖ If that wasn’t enough, Nvidia’s (NVDA) stock price also surged to an all-time high last week, giving even more weight to AI’s growing dominance. With a 190% increase year-to-date, Nvidia is now the second-best-performing company in the S&P 500 ➖ The connection here? As Nvidia shines, so does interest in AI within the crypto world 🧵 4/5
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Yevhen
@applestar
⚪ Q3 Venture Funding Dips, But AI Shines Bright ➖ While total venture funding in Q3 2024 took a slight dip (to $3.8 billion), the real story here is the laser focus on AI and DePin ➖ According to Messari, VCs seem to be positioning themselves for long-term growth, betting that these sectors will define the next phase of the crypto industry ➖ If you’re wondering where the smart money is going, this is it 🧵 3/5
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Yevhen
@applestar
⚪ AI: The New Darling of Crypto VCs ➖ According to a @MessariCrypto report, crypto VCs have jumped on the AI bandwagon like it’s the latest DeFi trend ➖ The report shows that this $213 million investment represents a whopping 340% year-over-year increase, with the AI sector seeing 2.5x more investments compared to the previous quarter. Not too shabby, right? ➖ What’s interesting is that AI isn’t just sticking to tech, it's spreading its digital tentacles into social networks, DeFi, DePin, and more ➖ Forget meme coins; some experts are even predicting that AI tokens could outperform them. And let’s be real, if there’s anything crypto traders love more than memes, it’s profits 🧵 2/5
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Yevhen
@applestar
⚪ Crypto VCs Go All-In on AI: Over $213 Million Invested in Q3 ➖ It looks like crypto venture capitalists (VCs) are swapping their laser-eyed Bitcoin avatars for AI-powered robots ➖ In Q3 2024, these VCs funneled over $213 million into AI-related projects, signaling that AI might be the next big thing in the crypto space 🧵 1/5
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Yevhen
@applestar
⚪ Share your thoughts on this topic. We are interested to hear your opinion👇 🧵 4/4
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Yevhen
@applestar
⚪ Will Crypto Be the Key to Harris’ Win? ➖ Ultimately, it’s unclear whether Harris’ crypto-friendly approach will actually sway voters. Her campaign has a lot of ground to make up, especially in comparison to Trump’s more straightforward pro-Bitcoin stance ➖ But as Harris courts the Black male electorate, it’s clear that she’s hoping the allure of financial freedom through digital assets will strike a chord 🧵 3/4
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Yevhen
@applestar
⚪ Is Crypto the Game Changer? ➖ For Harris, pro-crypto regulation is just one of the “tools for financial freedom” she’s offering to Black men. But crypto isn’t the only carrot she’s dangling, her agenda also includes debt forgiveness, job programs, and other economic goodies ➖ However, industry experts like Arthur Hayes, co-founder of BitMEX, aren’t convinced that this will move the needle. In his view, it doesn’t really matter who wins, Trump or Harris, because “both administrations will print the money” ➖ His bottom line? Your crypto is still going to rise, just don’t ask him about the details 🧵 2/4
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Yevhen
@applestar
⚪ The Real Battle: Winning Back Black Men’s Votes ➖ Harris' campaign is facing a real challenge, Black men just aren’t feeling it. Polling shows she’s underperforming in this demographic, with Joe Biden enjoying a much higher percentage of support back in 2020 ➖ And with Donald Trump making waves in the crypto world by openly supporting Bitcoin, Harris is in for a tough fight ➖ Still, VanEck claims that either candidate could be a win for the crypto space, although Trump’s crypto stance is more concrete compared to Harris' somewhat vaguer promises 🧵 1/4
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