This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out.IF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.COThe epic tale of the US Infrastructure Bill continues. What a roller coaster.The updates have been rapid, so it has become easy to get emotionally sucked into the nonsensical back and forth. Earlier yesterday morning, a request for unanimous consent was agreed upon that included the wording that crypto enthusiasts desired. The light at the end of the tunnel was shining as an agreement was reached on an amendment to the crypto reporting rules. All that was needed was the 100 senators to agree to that amendment. When the scheduled voting time rolled around, one senator of the 100 dissented, nullifying the entire effort. Senator Richard Shelby (R) from Alabama did not comment on the crypto legislation. Instead, he demanded his own separate amendment be added. Senator Shelby blocked the entire bill because his request for $50b more in military defense spending was not added to the bill. One stubborn 87-year-old man ruined it for everyone, and the worst part is that he is retiring at the end of his term. If you research Shelby’s two top donors, half a million is from commercial banks and another half a million is from securities and investments. It’s hard to believe he did this from a place of genuine concern for our national security. As annoying as the block by Shelby was, that is the nature of our American system. Our elected officials have freedom of choice, which in this case played against our interests. The bill still has a long way to go before it becomes law - it has to pass the House, potentially the courts and would not even go into effect until 2023 in the worst-case scenario. Further, the effects on the crypto industry are unknown, even if the language is unaltered.Most importantly, Bitcoin price was unaffected and crypto looks strong in the face of adversity and the selfish needs of an 87 year old politician. Bullish.In This Issue:Infrastructure DebacleBitcoin Thoughts And AnalysisAltcoin ChartsLegacy MarketsAMC Accepts BitcoinRaoul Pal Is Mega Bullish On EthereumTotal Crypto Market Cap BoomingThe Wolf Of All Streets Podcast Ft. Matt LuczynskiMy Recommended Platforms And Tools
The Wolf Den #304 - Infrastructure Debacle
The Wolf Den #304 - Infrastructure Debacle
The Wolf Den #304 - Infrastructure Debacle
This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out.IF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.COThe epic tale of the US Infrastructure Bill continues. What a roller coaster.The updates have been rapid, so it has become easy to get emotionally sucked into the nonsensical back and forth. Earlier yesterday morning, a request for unanimous consent was agreed upon that included the wording that crypto enthusiasts desired. The light at the end of the tunnel was shining as an agreement was reached on an amendment to the crypto reporting rules. All that was needed was the 100 senators to agree to that amendment. When the scheduled voting time rolled around, one senator of the 100 dissented, nullifying the entire effort. Senator Richard Shelby (R) from Alabama did not comment on the crypto legislation. Instead, he demanded his own separate amendment be added. Senator Shelby blocked the entire bill because his request for $50b more in military defense spending was not added to the bill. One stubborn 87-year-old man ruined it for everyone, and the worst part is that he is retiring at the end of his term. If you research Shelby’s two top donors, half a million is from commercial banks and another half a million is from securities and investments. It’s hard to believe he did this from a place of genuine concern for our national security. As annoying as the block by Shelby was, that is the nature of our American system. Our elected officials have freedom of choice, which in this case played against our interests. The bill still has a long way to go before it becomes law - it has to pass the House, potentially the courts and would not even go into effect until 2023 in the worst-case scenario. Further, the effects on the crypto industry are unknown, even if the language is unaltered.Most importantly, Bitcoin price was unaffected and crypto looks strong in the face of adversity and the selfish needs of an 87 year old politician. Bullish.In This Issue:Infrastructure DebacleBitcoin Thoughts And AnalysisAltcoin ChartsLegacy MarketsAMC Accepts BitcoinRaoul Pal Is Mega Bullish On EthereumTotal Crypto Market Cap BoomingThe Wolf Of All Streets Podcast Ft. Matt LuczynskiMy Recommended Platforms And Tools