The Breakdown Bye Bye Gary! The Five Most Important Stories in Crypto This Week
Nov 23, 2024
Scott Melker, a seasoned crypto analyst and commentator, joins the discussion on pivotal developments in the crypto space. The resignation of SEC Chair Gary Gensler takes center stage, raising questions about future regulations. They explore potential appointments in the Treasury and SEC, signaling shifts in advocacy. The conversation highlights Michael Saylor's push for Bitcoin and new ETF options marking institutional acceptance. Finally, they discuss China's changing policies and the growing interest in alternative assets, illustrating the dynamic crypto environment.
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Gensler's Departure and Potential Bitcoiners in Regulatory Roles
- Gary Gensler will step down as SEC Chair on January 20, 2025.
- Speculation arises on who will fill key regulatory positions, with Bitcoiners potentially taking roles at the SEC and CFTC.
Pro-Bitcoiners in Government
- There's a significant change happening in government agencies and regulators.
- The winds seem to be blowing towards pro-Bitcoiners in key positions.
Saylor Pitches Bitcoin to Microsoft
- Michael Saylor pitched a Bitcoin strategy to Microsoft's board.
- This was prompted by activist investors and involved a three-minute presentation.