Hi HODLers, Hiveans and Lions,
Old news but another important one. It seems that so manyCrypto-friendly entrepreneurs, legislators, etc... are making it to the new Trump administration. This is crazy!
Even if I like the fact that we will have strong voices, I am a little bit worries to see all these billionaires so close to every part of the government. Believe me, I am a capitalist at heart but it seems just too much.
Nevertheless, Crypto learned how to play the US lobbying game and we did even better than other legacy industries such as Oil&Gas or Pharma.
- Donald Trump announced that he will appoint capitalist and former PayPal Chief Operating Officer David Sacks as White House AI and Crypto Czar
- The dYdx token $DYDX has since surged 30%. DYdX is one of Sacks' Craft Ventures portfolio companies.
- Sacks' responsibilities will include helping craft a legal framework for the crypto industry, Trump said.
The news comes a day after Trump named former SEC Commissioner Paul Atkins as his pick to head up the securities regulator when he takes office next month. Atkins works with The Digital Chamber, an industry lobbying group and is an adviser to Reserve and Securitize.
Anyone considering buying some $DYDX?
Let's see how all of this plays out!
Stay safe out there
Pro-Crypto Hedge Fund Manager Scott Bessent chosen for Treasury Secretary
November 2024 is the 4th best month for Bitcoin since Oct 2021!
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