brypto

Heard in a groupchat that maybe the market is not taking the strategic digital asset news as bullish because they were expecting Trump to create the reserve via executive action and not just a working group… I’m sorry did they think Donnie was going to pull out the official White House ledger and boot up CoinBase Pro?

The bear market PTSD is real.

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.

building /juicebox | product marketing & growth | prev. NounsDAO, RAW DAO | learning to code

more news coming in: SAB 121 was just rescinded by the SEC

Michelada connoisseur. Chief Onchain Officer at /area51 since 2022 AD. Focused on digital art, tech & crypto. https://gramajo.carrd.co

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.

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

Follow through on crypto related issues (very early on) has been tremendous