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  • Florida's CFO Announces Bitcoin Confiscation Bill | Warren Loves Bitcoin?

Florida's CFO Announces Bitcoin Confiscation Bill | Warren Loves Bitcoin?

Florida's CFO wants Bitcoin that hasn't been touched in five years | Elizabeth Warren Loves Bitcoin now apparently?

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Florida’s CFO, Jimmy Patronis, Has Introduced Language Confiscating Bitcoin Wallets If Dormant For Five Years or More. Can He Does This?

The primary concern is enforceability: how can the government identify unassessed Bitcoin, claim ownership, and then access it?

Given that many Bitcoin users intentionally leave their wallets dormant, and those who have lost access cannot retrieve their assets, it is doubtful the State of Florida could do so either.

Florida is looking to create an AI Task Force, but some legislators are trying to ban it all together

Broadly interpreted, this could hinder the adoption of companies willing to accept Bitcoin. For instance, if McDonald's wanted to accept Bitcoin from customers, it would need a license to store that Bitcoin if it chose to self-custody. The alternative would be relying on a third party for everything, which contradicts the ethos of the digital asset space, or at least it used to.

Coinbase continues to impress Wall Street, while the company also continues its political donations to Republicans to flip the Senate.

That seemed to translate into more business at Coinbase. It saw 100% more trading volume during the quarter versus the third quarter. Fourth-quarter volume amounted to $154 billion, ahead of the estimate of $142.7 billion.

"The ETFs are really a win-win for Coinbase, I think we’re already starting to see that play out on the platform,” Gupta said. The crypto exchange provides custodial services to 8 out of the ten spot bitcoin ETFs, making it a key player in the business.

Elizabeth Warren Loves Bitcoin? Not so fast. Apparently someone was hacked!

Turns Out: Defi Is Good For the Dollar?

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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. tnisGensl