Strategy has acquired 1,550 BTC for $101 million to increase our $BTC Reserve to ₿845,256. We have also increased our USD Reserve by $100 million to $1.0 billion. $MSTR $STRC https://t.co/1Zf1AVsP1H
After reviewing the Senate Banking draft text over the last 48hrs, Coinbase unfortunately can’t support the bill as written.
There are too many issues, including:
- A defacto ban on tokenized equities
- DeFi prohibitions, giving the government unlimited access to your financial records and removing your right to privacy
- Erosion of the CFTC’s authority, stifling innovation and making it subservient to the SEC
- Draft amendments that would kill rewards on stablecoins, allowing banks to ban their competition
We appreciate all the hard work by members of the Senate to reach a bi-partisan outcome, but this version would be materially worse than the current status quo. We’d rather have no bill than a bad bill. Hopefully we can all get to a better draft.
We'll keep fighting for all Americans and for economic freedom. Crypto needs to be treated on a level playing field with the rest of financial services so we can build this industry in a safe and trusted way in America.
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FTX Claim Distribution
Restricted Jurisdictions: $470m
Chinese are the largest holder of FTX claims: $380m (82% of restricted)
KYC not completed- Bahamas: $290m
Disputed -multiple claims: $660m
Total - awaiting solution: $1.4bn
Total Estimated Allowed claims: $11bn
FTX: Restricted countries
Disputed claims
49 Jurisdictions -5% allowed claims in restricted countries 82% of value in China
Due to local laws that 1) crypto currency trading is not permitted or 2) distributors not allowed
Ray Dalio - Trump's Bill will lead to
Spending: $7trn/yr
Revenue: $5trn /yr
At a time when US debt is already unsustainable ($37trn)
Trump is bankrupting the US
It should not be lost how impressive it is for Ethereum to upgrade the entire network without a hiccup.
This is already hard for centralized systems to do, it's magnitudes harder for a decentralized network to pull off.
It's like upgrading an airplane's engines mid flight.
UPDATE: a lot people posting/reporting that @ProShares will be launching XRP ETFs on April 30th. We’ve confirmed that’s not the case. We don’t have a confirmed launch date yet but we believe they will launch — and likely launch in the short or possibly medium term.