What’s up, Crypto fam 🖖
Welcome to another edition of the Coinigy weekly news round-up
The 2024 US presidential race is looking like it’s going to be a crypto showdown, and it looks like our orange-haired crypto president is looking to avenge the crypto world.
Watch out SEC, Donald Trump is coming for you.
In other news, Elon Musk’s X (Twitter) is stirring the pot as usual, I wonder if he’s going full anti-crypto now
The Dems on the other hand are trying to get on the crypto train before it leaves for the Whitehouse, and then there’s Elizabeth Warren’s latest crypto conspiracy theory 🙄
Here are the Highlights:
- Donald Trump Promises To Fire Gary Gensler as SEC Chair On Day One
- Elon Musk X Platform Removes Bitcoin and Crypto Hashtag
- Democrats urge Harris and DNC to select crypto-friendly Vice President, SEC Chair
- Senator Elizabeth Warren claims foreign ‘cryptomines’ being used to spy on the US
Donald Trump Promises To Fire Gary Gensler as SEC Chair On Day One
Republican Party presidential nominee and former President Donald Trump promised immediate policy changes if he should defeat prospective Democratic Party nominee Vice President Kamala Harris in November’s United States presidential election. At the Bitcoin 2024 conference in Nashville, Tennessee, on July 27, Trump addressed a crowd of Bitcoiners who had waited more than an hour to hear the former president speak after he claimed the Secret Service needed additional time at the venue.
Elon Musk X Platform Removes Bitcoin and Crypto Hashtag
Elon Musk’s X has removed the Bitcoin hashtag emoji, sparking diverse reactions from the cryptocurrency community. According to a post on X, this decision is part of a broader update by the platform, which has eliminated all hashtag emojis, not just the one associated with Bitcoin. The removal, however, was not publicly announced, leaving users speculating about the reasons behind this apparent change.
Democrats urge Harris and DNC to select crypto-friendly Vice President, SEC Chair
A range of Democrat politicians wrote a letter to the Democratic National Committee (DNC) on Friday, urging the party to pivot away from its anti-crypto policies. In the letter shared by the vice president of research at Riot Platforms Pierre Rochard on X, the Democrats advised the party to take a “forward-looking approach” to digital assets and blockchain technology. According to the letter, despite Democrats like Nancy Pelosi and Chuck Schumer supporting pro-crypto legislation, the public largely sees the Democratic party as being anti-crypto.
Senator Elizabeth Warren claims foreign ‘cryptomines’ being used to spy on the US
US lawmaker Senator Elizabeth Warren has continued her anti-crypto evangelism despite her thinning support base. On July 25, she opined that foreign-owned crypto-mining operations pose a national security threat during a hearing of the Senate Committee on Banking, Housing, and Urban Affairs.
Other Highlights Worth Mentioning
Senator Cynthia Lummis Proposes Strategic Bitcoin Reserve to Bolster U.S. Economy — Brave NewCoin
Bitcoin Nears $70K as Positive Sentiment Fuels Rally to 16-Month High — Binance
Trump to end war on crypto if elected, says US will be ‘crypto capital of the planet’ — Cointelegraph
24-Year-Old UK Hacker Sentenced to 3.5 Years in Prison For $900K Coinbase Scam — Coinfomania
