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matthewb.eth
@matthewb
it’s been only three (3) days so far and we’ve already been handed: - Uyeda as SEC acting chair and Peirce as head of new crypto task force (bye Gary!) - Lummis as chair of the senate banking sub-committee on digital assets - EO establishing digital assets working group which will develop a regulatory framework + evaluate a national stockpile - Trump stating in speech at WEF that U.S. will be “world capital of AI and crypto” - flurry of ETF applications filed including SOL, DOGE, and others it’s hard to understate how radically different this is from the last 4yr. crypto is winning. if you don’t think the market currently reflects this, you have recognized an opportunity.
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Gramajo
@gramajo.eth
we also wouldnt want it to be done with executive action, all it takes is for the next president to come in and undo it day one. executive actions are bitch moves, we need to do the strategic reserve the right way imho so it cant be undone overnight
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matthewb.eth
@matthewb
yeah, from what I understand anything like a SBR that would add assets to the treasury would require congressional approval. this EO only means that existing holdings won’t be sold, which is still great and a net win. Lummis seems quite keen on getting SBR across the line, but it will take time.
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