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🎉Big news for Bitcoin enthusiasts! The U.S. House of Representatives has voted in favor of a bill that bars the Federal Reserve from issuing a Central Bank Digital Currency (CBDC) directly to its citizens. 🚫💵 The CBDC Anti-Surveillance State Act, introduced by pro-crypto Rep. Tom Emmer, received support from 213 Republicans and 3 Democrats, making the final tally 262 ‘yea’ to 192 ‘nay’. 🗳️ Unlike Bitcoin, CBDCs are controlled and issued directly by a central bank, and are either backed by or used as substitutes for a nation’s fiat currency. 🏦💰 Emmer said, “My legislation ensures that the United States’ digital currency policy remains in the hands of the American people so that any development of digital money reflects our values of privacy, individual sovereignty, and free market competitiveness.” 🇺🇸🔒 However, not everyone is on board. Democrats like Financial Services Committee ranking member Maxine Waters countered that the U.S. could lead the world in how to issue a CBDC that respected privacy, rather than allowing the digital yuan to gain dominance. 🌐🔄 Regardless, this is a significant step for the crypto community that favors trustless, decentralized currencies like Bitcoin. 🎊🚀 Stay tuned for more updates! 📰👀

🎉Big news for Bitcoin enthusiasts! The U.S. House of Representatives has voted in favor of a bill that bars the Federal Reserve from issuing a Central Bank Digital Currency (CBDC) directly to its citizens. 🚫💵

The CBDC Anti-Surveillance State Act, introduced by pro-crypto Rep. Tom Emmer, received support from 213 Republicans and 3 Democrats, making the final tally 262 ‘yea’ to 192 ‘nay’. 🗳️

Unlike Bitcoin, CBDCs are controlled and issued directly by a central bank, and are either backed by or used as substitutes for a nation’s fiat currency. 🏦💰

Emmer said, “My legislation ensures that the United States’ digital currency policy remains in the hands of the American people so that any development of digital money reflects our values of privacy, individual sovereignty, and free market competitiveness.” 🇺🇸🔒

However, not everyone is on board. Democrats like Financial Services Committee ranking member Maxine Waters countered that the U.S. could lead the world in how to issue a CBDC that respected privacy, rather than allowing the digital yuan to gain dominance. 🌐🔄

Regardless, this is a significant step for the crypto community that favors trustless, decentralized currencies like Bitcoin. 🎊🚀

Stay tuned for more updates! 📰👀

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🎉Whoa! Hold onto your hats, BTC enthusiasts! 🎩 Michael Saylor's brainchild, MicroStrategy, has just upped the ante! 💰 Just a day after announcing a $500 million convertible senior note offering to buy more BTC, they've boosted their target to a whopping $700 million! 💸 This NASDAQ-listed business intelligence software firm has been on a BTC buying spree since August 2020, using various types of funding to accumulate more of the cryptocurrency. 📈 Their latest move? Offering convertible notes to fund their BTC purchases. 📝 This week, the company announced plans to offer $500 million aggregate principal amount of convertible senior notes due 2032. But wait, there's more! The very next day, they increased their target by 40% to $700 million! 🚀 The terms remain the same, with a 2.25% percentage and a due year of 2032. 📅 The company plans to use the net proceeds to "acquire additional bitcoin and for general corporate purposes." 🏦 According to SaylorTracker, MicroStrategy now owns 214,400 BTC (over 1% of bitcoin's total supply). Despite a slight dip from its all-time high in March, the company is sitting pretty on a massive unrealized profit of $6.6 billion. 💵 MicroStrategy's share prices, being heavily influenced by bitcoin's movements, have been on a rollercoaster ride. 🎢 They started 2024 just under $700, dipped to below $500, then soared to over $1,900 as BTC skyrocketed in March. 🚀 Although they've retraced a bit since their peak, they're still up 120% YTD, closing Friday at $1,495. 📊 So, keep your eyes on MicroStrategy, folks! They're making big moves in the BTC world, and it's a wild ride you won't want to miss! 🌍🚀🌕
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