Morning Wire Bitcoin Soars & France Ousts Prime Minister | Afternoon Update | 12.5.24
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Dec 5, 2024 Bitcoin's meteoric rise past $100,000 is linked to political shifts and potential regulatory changes. A tense House hearing sees questioning over Secret Service protocols regarding threats to President-elect Trump. The formation of a Senate Doge Caucus pushes for government reform amid political chaos, including the resignation of French Prime Minister Barnier. Controversy swirls around President Biden’s pardon of his son, igniting debates about justice and democratic values.
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Bitcoin Soars
- Bitcoin surged past $100,000 for the first time.
- Trump's victory fueled optimism for crypto-friendly regulation.
Heated Hearing
- A House Task Force hearing became heated between Rep. Pat Fallon and Secret Service Director Ronald Rowe.
- Fallon criticized the Secret Service's handling of assassination attempts against Trump.
Government Efficiency
- Elon Musk and Vivek Ramaswamy discussed the Department of Government Efficiency with lawmakers.
- They aim to identify wasteful spending and propose cuts, including eliminating federal agencies.