BITCOIN - TRUMP KEEPS DAY ONE PROMISE!! ROSS ULBRICHT IS FREE! SEC PLANS CLOSED DOOR CRYPTO MEETING!
My Financial Friend
Introduction to the Emergency Stream
- The streamer, Sam, announces an emergency stream to discuss important news in the Bitcoin community.
- He mentions that Trump has promised the community something and has now made a significant move.
Ross's Pardon
- Ross, the creator of Silk Road, has been pardoned by Trump.
- Sam sees this as a win for the crypto community and a sign of what's to come.
- Ross was given two life sentences plus 40 years, which Sam believes was excessive.
Crypto News and Updates
- Bank of America's CEO says the banking industry will adopt Bitcoin and crypto if regulation allows.
- $800 million has been printed in USDC in the last few hours, indicating more money is coming into the crypto space.
- The SEC's new chairman is pushing for better regulation and sensible paths for crypto companies.
- A closed-door meeting at the SEC is scheduled to discuss institution and settlement of injunctive actions, among other topics.
Companies Investing in Bitcoin
- Micro Strategy has been given the vote to raise the total amount of shares by 30x, giving them free rein to buy Bitcoin.
- Critical Metals has announced a commencement of Bitcoin Treasury strategy to acquire up to $500 million of BTC.
- Genius Group has bought 420 Bitcoin worth about $40 million.
Trump's Involvement in Crypto
- Trump has signed a full and unconditional pardon for Ross, citing his support from the libertarian movement.
- Sam believes this signals that Trump will continue to make moves in the crypto space, including creating a strategic Bitcoin Reserve.
ETF News
- The Grayscale Bitcoin ETF has bought 1,285 Bitcoin, the largest inflow since day one.
- Sam is waiting to see more ETF news, including filings from FBTC and BlackRock.