Happy Thursday, Blockfolians
Yesterday’s Senate Banking Committee hearing was nominally about central bank digital currencies. But led by Senator Elizabeth Warren, it became a referendum on Bitcoin.
Much of it was the same old FUD we’ve heard over and over:
Increasingly though, there is a sense that this narrative battleground is about setting up the justification for a central bank digital currency with strong surveillance property.
“And then they fight you?”
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Highly Relevant Reading
State Street Bank has launched a crypto division
IMF says El Salvador actions bring up concerns
Basel Committee says banks can hold bitcoin, but only with strict capital requirements
Kraken to halt U.S. margin trading
He’s not wrong though
Maybe the inflation narrative has room to run
A Really Big Number We Should Be Paying Attention To
That’s the amount that Ledger just raised