U.S. Congressperson Brad Sherman calls for a ban on crypto
mining and purchases. Perhaps not coincidentally, Mr. Sherman’s largest corporate donor
is Allied Wallet, a credit card processing company. Definitely not coincidentally, Allied Wallet had to forfeit $13.3 million
to the US Government for because the funds were “property involved in money laundering… traceable to proceeds of the operation of an illegal gambling business and traceable to property used to operate an illegal gambling business.” That’s what I call rich
New Goldman Sachs CEO David Solomon is keen on crypto
. The implications of a bright, ambitious, and (relatively) young CEO of a legacy banking institution being bullish on Bitcoin can’t be overstated.
And the Heritage Foundation (a conservative think tank) is calling for Congress to put an end to capital gains taxes
on cryptocurrency, and wants the government to make rules in favor of innovation and discovery.
“The federal government should not step in and tilt the playing field. It should treat cryptocurrency, and all other forms of money, neutrally.”
I tend to be pretty iffy on the merits of TA (technical analysis). Hindsight is easy. So it’s with great reluctance that I link to this possible fractal duplication
for XRP. Whatever that means, Ripple and XRP are definitely doing their part to make crypto adoption happen
. And hey, the IMF is bullish
on XRP, so that’s something.