Forwarded from a friend? Subscribe below.
CoinDesk reached out to all 196 lawmakers to ask what they would do with these funds, given that it became clear after they had received the money that according to FTX insiders who admitted guilt sprang from a colossal financial swindle.
Of the 196 members of Congress who accepted campaign contributions from FTX’s former executives, 73% didn’t respond to CoinDesk’s requests for comment, and so it’s unclear what they are doing with the money. Some of Congress’ most crypto-friendly members, including Rep. Tom Emmer (R-Minn.), who received $8,700 from Salame and Zach Dexter (the CEO of FTX US subsidiary LedgerX), have kept mum on the subject. Emmer has largely treated the FTX crash like a blip, continuing his rhetorical crusade on behalf of the industry in speeches and appearances since the exchange filed for bankruptcy in November.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD briefly touching $21,594 on Bitstamp, marking its highest since Sep. 13. As bullish impulses continued to hit the chart, reactions stayed conservative amid an atmosphere of suspicion over the true source of Bitcoin’s return to form. One such cautious take came from Michaël van de Poppe, founder and CEO of trading firm Eight, who eyed behavior around a key exponential moving average (EMA) across crypto.
FBBA Featured Member
In The Know
🥇 Bitcoin's mining difficulty has increased by +10.26%, hits new all-time-high.
📉 The Savings Rate just collapsed down to 2.2%, the lowest level ever. Means Americans are running out of money. Last time it was this low was 2006-07. Right before GFC. Expect a big decline in consumer spending in 2023.
Click here for events & meetups in January 2023
Crypto News Heard Around the State
Do you have any noteworthy news about you or someone you know? Want to voice an anonymous opinion? Send it to us here
Crypto Flo is brought to you by our partners and sponsors:
Disclaimer: Crypto Flo DOES NOT provide financial advice. All content is for informational purposes only. Crypto Flo is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any crypto-related asset is extremely risky and could result in significant capital losses.