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 - up to $3600 worth. In the past week, there has been a surge of interest in digital currencies from government officials. Three states made headlines - Arizona, Texas, and Mississippi, each with specific agendas for crypto. As you know, we have seen previous pro-Bitcoin activity in Florida, Wyoming, Colorado, and California. Here's what's happening in the 3 states mentioned above.In Arizona, Senator Wendy Rogers introduced a Senate bill to make Bitcoin legal tender, meaning state agencies would accept the currency as "a payment method of fines, civil and other penalties, rent, rates, taxes, fees, charges, revenue, financial obligations, and special assessments due to the state." In the private sector, citizens and corporations would have more flexibility for implementing Bitcoin into their practices. For now, the bill only mentions Bitcoin and should receive a verdict soon.All three Texan Gubernatorial candidates have expressed interest in Bitcoin. Incumbent Governor Abbott has made a number of pro-Bitcoin decisions and is ramping up his interest now that his opponents are following suit. He was recently back in the news for incentivizing Bitcoin miners to migrate to Texas to help stabilize the electrical grid. Don Huffines and Allen West (the other candidates) have each made their own promises. Huffines has said Texas will be a Bitcoin citadel and West said Texas will lead the nation on blockchain. More specifics to come here, I assume.Senator Josh Harkins (R), Chairman of the Mississippi Senate Finance Committee, is filing for his state to recognize Bitcoin in the state code. This wasn't the first bill submitted by Harkins. There have been 3 others that each fit cryptocurrencies and Bitcoin into the framework of the state’s legal structure.All of this activity puts mounting pressure on officials who have failed to take a clear position on crypto.We can question the motivations of politicians in all arenas, and our industry is no different. Whether they see an opportunity to get votes and engage a growing voter block, or are doing it out of legitimate personal belief is irrelevant. What matters it that Bitcoin is a part of the dialogue at all levels of government, a narrative that will only grow.We are still early. Soon every politician will be forced to take a stand.In This Issue:States Want BitcoinBitcoin Thoughts And AnalysisLegacy MarketsInstitutional Activity Is Picking UpMax Keiser Makes A Bold ClaimMicroStrategy Bitcoin For Corporations Conference - AgainThe 300My Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO
The Wolf Den #425 - States Want Bitcoin
The Wolf Den #425 - States Want Bitcoin
The Wolf Den #425 - States Want Bitcoin
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 - up to $3600 worth. In the past week, there has been a surge of interest in digital currencies from government officials. Three states made headlines - Arizona, Texas, and Mississippi, each with specific agendas for crypto. As you know, we have seen previous pro-Bitcoin activity in Florida, Wyoming, Colorado, and California. Here's what's happening in the 3 states mentioned above.In Arizona, Senator Wendy Rogers introduced a Senate bill to make Bitcoin legal tender, meaning state agencies would accept the currency as "a payment method of fines, civil and other penalties, rent, rates, taxes, fees, charges, revenue, financial obligations, and special assessments due to the state." In the private sector, citizens and corporations would have more flexibility for implementing Bitcoin into their practices. For now, the bill only mentions Bitcoin and should receive a verdict soon.All three Texan Gubernatorial candidates have expressed interest in Bitcoin. Incumbent Governor Abbott has made a number of pro-Bitcoin decisions and is ramping up his interest now that his opponents are following suit. He was recently back in the news for incentivizing Bitcoin miners to migrate to Texas to help stabilize the electrical grid. Don Huffines and Allen West (the other candidates) have each made their own promises. Huffines has said Texas will be a Bitcoin citadel and West said Texas will lead the nation on blockchain. More specifics to come here, I assume.Senator Josh Harkins (R), Chairman of the Mississippi Senate Finance Committee, is filing for his state to recognize Bitcoin in the state code. This wasn't the first bill submitted by Harkins. There have been 3 others that each fit cryptocurrencies and Bitcoin into the framework of the state’s legal structure.All of this activity puts mounting pressure on officials who have failed to take a clear position on crypto.We can question the motivations of politicians in all arenas, and our industry is no different. Whether they see an opportunity to get votes and engage a growing voter block, or are doing it out of legitimate personal belief is irrelevant. What matters it that Bitcoin is a part of the dialogue at all levels of government, a narrative that will only grow.We are still early. Soon every politician will be forced to take a stand.In This Issue:States Want BitcoinBitcoin Thoughts And AnalysisLegacy MarketsInstitutional Activity Is Picking UpMax Keiser Makes A Bold ClaimMicroStrategy Bitcoin For Corporations Conference - AgainThe 300My Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO