EddieJayonCrypto
1 Mar 23
• Cathie Wood's strong belief in Bitcoin and Ethereum extends to the broader crypto market, and her conviction suggests institutional players will continue to invest in the space• Coinbase launches Crypto435 to educate people in each congressional district and push for positive crypto legislation• C...
• Cathie Wood's strong belief in Bitcoin and Ethereum extends to the broader crypto market, and her conviction suggests institutional players will continue to invest in the space• Coinbase launches Crypto435 to educate people in each congressional district and push for positive crypto legislation• Coinbase lists Circle's Euro-pegged stablecoin, EUROC, in a bid to challenge Tether's market dominance• Visa and Mastercard's freezing of crypto plans indicate global regulatory uncertainty is hampering growth and stifling innovation• Daleep Singh, former Deputy Director at the National Economic Council, tells US senators the Biden Administration sees crypto as a national security risk that can allow adversaries to skirt economic sanctions• One of the UAE's seven emirates is launching a free digital zone to attract crypto players, following Europe's push to domicile crypto firms in the region• France and the G20 are implementing stricter regulation, pushing crypto to regions beyond their influence and control• Ripple is reportedly speaking with over 20 countries about developing CBDCs for their central banks, positioning itself as a potential challenger to SWIFT's dominanceGlobal regulation is a major concern, and we should be knowledgeable in every move at the global scale. Here is what is on my mind today.1. Cathie Wood is a true believer in Bitcoin and Ethereum and a big investor in Coinbase. So you can easily extend the conviction to the broader crypto market. 2. To that end, Coinbase has launched Crypto435. This is a concerted effort by the company to educate more people in each of the 435 congressional districts. More importantly, they are looking to use the platform to help spur positive crypto legislation. I am hoping it grows to include others because it will take money and time to win people over. 3. It should be no surprise that Coinbase is listing Circle's Euro-pegged stablecoin, EUROC. Originally introduced by Circle in June of 2022, the stablecoin is 100% backed by euros held in euro-denominated banks. Circle is looking to rise to the level of Tether, currently ranked #3 by market cap on CoinMarketCap. 4. By freezing their crypto plans, Visa and Mastercard are telling us they are shook by global regulatory uncertainty. This says a lot about the current state of affairs when it comes to regulations around the world, especially in the United States. I have been saying for a while that regulatory concerns are going to hamper growth and stifle innovation. Here we can see it in a major fashion. 5. Daleep Singh, a former Deputy Director at of the National Economic Council and Deputy National Security Advisor at the National Security Council, told US senators the Biden Administration is looking to develop the digital dollar and believes crypto is not in the national interest. This is because they believe crypto allows adversaries to skirt certain economic sanctions. This insight is very telling. Wow! 6. Europe is vying for crypto firms to domicile in the region. Not to be outdone, one of the UAEs seven emirates is about to launch a free digital zone to do the same. While some are looking to stifle, others are looking to grow. 7. France's National Assembly approved stricter crypto licensing and the G20 is towing the line. That's 20 countries that are combining to stifle crypto. That means they are pushing crypto to places where they do not have influence or control. That's the power shift. 8. Ripple is speaking with over 20 countries about the development of CBDCs for their respective central banks. The implications are tremendous, and the company is positioned to be the next SWIFT network or at least a major player in that space.