$OG Senate Democrats will hold a closed-door meeting on crypto market structure on Wednesday, $ARC their first member-level discussion since the Senate Banking Committee postponed its markup last month.
🔥BIG: $CHESS Y Combinator now allows funded startups to receive their $500K funding in stablecoins, $OG citing belief in a coming fintech renaissance. $ARC
$CHESS WHITE HOUSE DRAWS A LINE IN THE SAND OVER CRYPTO BILL $OG $ARC
The Trump administration just signaled a major "red line" for the upcoming crypto market structure bill. While the President wants a bill on his desk ASAP, his team, led by Patrick Witt, is making it clear: they won't accept any "poison pill" ethics provisions that specifically target the President or his family’s digital asset businesses.
It’s a high-stakes standoff in the Senate. Democrats are pushing for strict bans on top officials cashing in on the industry, while the White House is calling these demands "outrageous" political attacks.
With a 60-vote majority needed and the midterms looming, the clock is ticking for BTC and ETH regulatory clarity.
If the banking lobby and the ethics hawks can’t find middle ground by the end of February, this whole legislative effort might hit a wall.
The core question now: Should sitting government officials - including the President - be allowed to trade crypto while in office? 🤔
VistaShares launched BTYB on the NYSE, a hybrid ETF that allocates 80% to US Treasuries and 20% to Bitcoin exposure through options on BlackRock's IBIT. $OG $ARC