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CRYPTO 101

Crypto Rundown: Why US Politics Are ALL IN on Crypto

CRYPTO 101

Bryce Paul & Brendan Viehman

Business, Investing

4.6821 Ratings

🗓️ 30 May 2024

⏱️ 21 minutes

🧾️ Download transcript

Summary

In this episode of the Crypto Market Rundown, Brendan Viehman navigates the intersection of cryptocurrency and politics, emphasizing the increasing political support for favorable crypto regulations both in the U.S. and globally. He discusses recent legislative victories that reflect a bipartisan effort to facilitate a more crypto-friendly regulatory environment, including the significant backing for Ethereum ETFs. Brendan also highlights the corporate adoption of Bitcoin strategies by companies like MicroStrategy, signaling a broader acceptance of cryptocurrencies in the business sector. The episode underscores the crucial role of political developments in shaping the future of cryptocurrency, with insights on how these changes are poised to influence market dynamics and investment opportunities.

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Transcript

Click on a timestamp to play from that location

0:00.0

Hey there everyone, it's Brendan here and welcome back to the Crypto Market Rundown, where we talk about everything that's happening in the great world of cryptocurrency.

0:18.0

From the technicals on the charts to the fundamentals in the news,

0:21.5

we spend the time doing hours of research so that you all don't have to. Now, this week,

0:26.5

we're going to have a little bit different of a rundown. And that's because most of the team

0:30.6

is over at consensus. They're conducting podcasts and interviews and talking to all the leaders

0:36.0

in the space. And they're going to be back with us next week.

0:38.8

But for this week's episode, it's just going to be me.

0:41.6

But it doesn't mean that we don't have an action-packed episode in store for all of you

0:46.3

because the topic of crypto is becoming increasingly more of a political issue.

0:52.2

And it's for all the right reasons.

0:54.1

It's for all good reasons.

0:55.9

And that's what I kind of want to talk about in today's episode. It's just how crypto is being

1:00.3

adopted on a political spectrum, not only in the U.S., but it's happening globally. And all

1:06.4

these politicians want positive cryptocurrency regulation. And they want to see this industry flourish.

1:12.8

And that's really what we're seeing get passed and not one, but two major bills through the

1:19.2

mainstream US government. But again, we're seeing this kind of happen around the world.

1:22.9

We also have other companies outside of just the government. We actually have companies that are coming in

1:28.3

and saying, hey, we like what micro strategy has done. We want to adopt a similar model. So we're

1:33.7

going to be talking about that as well. And of course, we have to give an update on the charts and

1:37.9

also what is happening with the Ethereum ETF. Because as you might remember, the Ethereum spot ETFs got approved

1:46.2

for eight different ETF providers. And now everyone's wondering, when are these things going to

1:51.5

start trading? So definitely have an action-packed episode in store for everyone.

...

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