Yevhen pfp

Yevhen

@applestar

19 Following
17 Followers
Yevhen pfp
Yevhen
@applestar
⚪ A Turning Point for the U.S. Digital Economy ➖ With Bessent at the helm of the Treasury, the U.S. has an opportunity to lead the global crypto revolution. His track record of innovation and his support for digital assets could usher in a new era of economic growth and financial freedom ➖ Scott Bessent isn’t just a win for the Trump administration—it’s a win for anyone who believes in the transformative power of crypto. The future of blockchain in the U.S. just got a lot brighter ➖ Washington, are you ready to keep up? 🧵 7/7
0 reply
0 recast
1 reaction
Yevhen pfp
Yevhen
@applestar
⚪ Why This Matters for Crypto ➖ Bessent’s appointment is a sign that the incoming administration recognizes the importance of fostering innovation while balancing the need for regulatory clarity ➖ His pro-crypto stance could provide much-needed guidance in Washington, bridging the gap between traditional finance and the rapidly evolving digital economy ➖ As Bessent himself put it, “Crypto is about freedom, and the crypto economy is here to stay.” His nomination signals a potential shift in Washington toward embracing blockchain innovation while creating a fair and secure environment for investors and businesses 🧵 6/7
0 reply
0 recast
1 reaction
Yevhen pfp
Yevhen
@applestar
⚪ Howard Lutnick Heads to Commerce ➖ While Scott Bessent’s pro-crypto reputation has earned him the Treasury nomination, Cantor Fitzgerald CEO Howard Lutnick, another strong contender, has been appointed Commerce Secretary ➖ Lutnick’s expertise will focus on trade and business policies, leaving Bessent to tackle the financial and crypto landscapes. The crypto industry seems more than pleased with this division of roles, with Bessent leading the charge for digital assets 🧵 5/7
0 reply
0 recast
1 reaction
Yevhen pfp
Yevhen
@applestar
⚪ Crypto Industry Rejoices ➖ Unsurprisingly, Bessent’s nomination has drawn praise from across the digital asset world. Ripple CEO Brad Garlinghouse called it a “win for innovation,” suggesting that Bessent’s leadership could pave the way for more thoughtful and progressive crypto policies ➖ Kristin Smith, CEO of the Blockchain Association, emphasized the critical issues Bessent will need to address, including establishing a clear regulatory framework, protecting self-custody rights, and ensuring fair tax treatment of digital assets ➖ “We need someone in Washington who can strike the right balance between fostering innovation and ensuring security, and Scott looks like the perfect fit,” she said 🧵 4/7
0 reply
0 recast
1 reaction
Yevhen pfp
Yevhen
@applestar
⚪ A Pro-Crypto Advocate in Washington ➖ For the crypto community, Bessent is more than just a Wall Street heavyweight, he’s a champion of financial innovation. In past statements, he’s described crypto as a “symbol of financial freedom” and highlighted Bitcoin as a smart alternative for younger investors disillusioned by traditional finance ➖ This perspective stands in stark contrast to the enforcement-heavy tactics of the outgoing administration, which frequently targeted decentralized platforms like Tornado Cash ➖ With Bessent in the Treasury, many hope for a shift toward a more balanced and innovation-friendly approach to crypto regulation 🧵 3/7
0 reply
0 recast
1 reaction
Yevhen pfp
Yevhen
@applestar
⚪ Who is Scott Bessent? ➖ Bessent, the founder of international macro investment firm Key Square Group and former chief investment officer for George Soros, is no stranger to navigating complex financial landscapes ➖ With decades of Wall Street experience, he’s widely respected for his financial acumen and forward-thinking approach ➖ Trump highlighted these qualities in his announcement, calling Bessent the “ideal pick” to strengthen the U.S. economy and secure the dollar’s dominance as the global reserve currency ➖ “Scott will support my policies to drive U.S. competitiveness, stop unfair trade imbalances, and create an economy focused on growth—especially as we usher in a new era of energy dominance,” Trump said 🧵 2/7
0 reply
0 recast
1 reaction
Yevhen pfp
Yevhen
@applestar
⚪ Pro-Crypto Champion Scott Bessent Named Trump’s Treasury Secretary ➖ In a move that has sent waves of excitement through the crypto industry, President-elect Donald Trump has nominated Wall Street veteran Scott Bessent as his Treasury Secretary ➖ Known for his pro-crypto stance, Bessent’s appointment has been hailed as a potential turning point for digital asset innovation in the United States 🧵 1/7
0 reply
0 recast
1 reaction
Yevhen pfp
Yevhen
@applestar
⚪ A Bright Future Ahead for Crypto Policy ➖ The 2024 elections have proven that crypto is a force to be reckoned with in American politics ➖ As the dust settles, the outlook for crypto regulation is looking brighter than ever, with pro-crypto lawmakers ready to champion the cause in both the House and Senate ➖ For crypto enthusiasts and investors, this election marks a turning point that could usher in a new era of innovation and regulatory clarity 🧵 7/7
0 reply
0 recast
1 reaction
Yevhen pfp
Yevhen
@applestar
⚪ Warren Takes Massachusetts, but Not All is Lost ➖ Not every pro-crypto candidate had their moment. In Massachusetts, Elizabeth Warren, a longtime crypto skeptic and vocal critic, secured her Senate seat over John Deaton, a well-known crypto advocate and XRP defender ➖ Warren’s victory is a setback for crypto enthusiasts, but with the overwhelming number of pro-crypto wins elsewhere, it’s a small stumble on an otherwise victorious night 🧵 6/7
0 reply
0 recast
1 reaction
Yevhen pfp
Yevhen
@applestar
⚪ Tight Races in Key Crypto Battlegrounds ➖ Some other critical Senate races remain nail-biters ➖ In Montana, pro-crypto Tim Sheehy leads with 247,000 votes against neutral candidate Jon Tester’s 205,000 ➖ Pennsylvania’s close race between Dave McCormick and Bob Casey sees both candidates tied with around 3.2 million votes ➖ McCormick’s pro-crypto stance could tip the balance if he wins. In Wisconsin, Tammy Baldwin, who is “strongly against crypto,” faces off against Eric Hovde, a candidate leaning toward the industry, in another tightly contested race with both polling around 1.6 million votes 🧵 5/7
0 reply
0 recast
1 reaction
Yevhen pfp
Yevhen
@applestar
⚪ Ohio: A Big Win for Crypto ➖ This was a big pro-crypto win, Bernie Moreno secured the Ohio Senate seat, defeating Brown with 2.8 million votes to Brown’s 2.5 million ➖ Moreno’s victory takes an anti-crypto voice out of the Senate and replaces it with a staunch supporter. Sherrod Brown’s close ties to SEC Chair Gary Gensler made him a thorn in the crypto industry’s side, especially during Gensler’s aggressive regulatory actions ➖ With Brown out, the Senate shifts in favor of those looking to advance crypto-friendly policies 🧵 4/7
0 reply
0 recast
1 reaction
Yevhen pfp
Yevhen
@applestar
⚪ Big Crypto Backing Equals Big Results ➖ Crypto donors didn’t sit this election out ➖ In fact, they pumped an impressive $206 million into campaigns, with the lion’s share, $204 million, flowing into Fairshake, a pro-crypto super PAC, and the rest going directly to SWC ➖ One of the biggest upsets came in Ohio, where pro-crypto Republican Bernie Moreno defeated anti-crypto incumbent Sherrod Brown, who had been no friend to digital assets ➖ It was a pricey race, totaling over $500 million in campaign spending, with Fairshake alone contributing $40 million to help push Moreno to victory 🧵 3/7
0 reply
0 recast
0 reaction
Yevhen pfp
Yevhen
@applestar
⚪ A Wave of Pro-Crypto Wins Sweeps Across Most States ➖ Early results paint a promising picture for the future of crypto. Stand With Crypto (SWC) data shows that pro-crypto candidates have won in nearly every state except a few holdouts like New Mexico, Alaska, Hawaii, Vermont, and Maine ➖ The House of Representatives now includes 247 pro-crypto members, far outpacing the 113 anti-crypto candidates elected, while the Senate brings in 15 pro-crypto advocates compared to 10 anti-crypto newcomers 🧵 2/7
0 reply
0 recast
0 reaction
Yevhen pfp
Yevhen
@applestar
⚪ Pro-Crypto Candidates Sweep the 2024 U.S. Elections ➖ With Donald Trump preparing to head back to the White House, the 2024 elections have delivered a pro-crypto surge across America. A massive 247 pro-crypto candidates now fill the U.S ➖ House of Representatives, while the Senate counts 15 new members ready to push for a more crypto-friendly environment 🧵 1/7
0 reply
0 recast
0 reaction
Yevhen pfp
Yevhen
@applestar
➖ Share your thoughts on this topic. We are interested to hear your opinion👇 🧵 11/11
0 reply
0 recast
0 reaction
Yevhen pfp
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
0 reply
0 recast
0 reaction
Yevhen pfp
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
0 reply
0 recast
0 reaction
Yevhen pfp
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
0 reply
0 recast
0 reaction
Yevhen pfp
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
0 reply
0 recast
0 reaction
Yevhen pfp
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
0 reply
0 recast
0 reaction