• Crypto Flo
  • Posts
  • Republicans Roast Gensler & Introduce Bill To Fire Him

Republicans Roast Gensler & Introduce Bill To Fire Him

Republicans are trying to fire Gensler while Democrats Defend Him

April 27, 2023

Forwarded from a friend? Subscribe below.

The overall commentary from these three Democrats that they just don’t understand the bill or that the bill is useless right now as the Federal Government, according to them, has not officially decided to issue a Central Bank Digital Currency.

1) The Federal Government is planning on issuing a CBDC, and if the bill is not passed now, it will be too late.

2) A CBDC would violate the 4th amendment and give the Federal Government an unlimited amount of power by being able to shut off citizens finances within seconds.

While mentioning usage for data centers and computing, there were no direct references to Bitcoin mining. Crusoe Energy’s website indicates that their computing systems are used for AI and deep learning, blockchain and cryptocurrency, and “intensive research” applications.

Featured Podcast/Youtube Short

In this episode, we discuss the buzz on Twitter that the Crypto Bull Run is Back and what it means for investors and traders. But it's not all good news, as we also examine the recent statements made by Gary Gensler, the new chairman of the SEC, who has declared war on crypto. JoshuaJake, BlockchainBoy, and Samuel Armes will provide their insights on the implications of Gensler's stance on the crypto market and what it could mean for the future of cryptocurrency

Analytical Data

Despite the hype over China's reopening, the markets are increasingly doubting it (after never having really bought it at any point). Steel rebar prices in China are rapidly dropping again even as construction season gets going - or, in the case of '23, doesn't get going.

Even the Chicago Fed's NAI is moving lower toward recession (the average is what matters). Right now it shows what everything else does - economy operating below "potential." But just look at what direction the avg is pointing.

Texas Manu Survey: "Funding has dried up to purchase our products.” “There is a definite slowdown. New orders virtually stopped.” “We are starting to see a real slowdown. We are hoping it is short lived.”

In The Know

Voyager Digital Says Binance.US Sent Letter Terminating $1B Asset Buy Deal

The crypto lender said it will return value to customers via direct distribution.

https://www.coindesk.com/business/2023/04/25/voyager-says-binanceus-sent-letter-terminating-1b-asset-buy-deal/

Resisting Federal Monetary Policy through States' Rights: Lessons from California's Experience During the Civil War

Financial freedom, backed by states' power to set contract law and court procedure, proved to be a "sly, roundabout way" to take money out of the hands of the federal government.

https://www.bitcoinbrief.io/california-civil-war-states-rights-resisting-cbdcs/

Russia prepares draft law allowing crypto usage for internatio...

Russia's central bank has prepared a new draft law to

https://inside.com/cryptocurrency/posts/russia-prepares-draft-law-allowing-crypto-usage-for-international-trade-364827

Blockchain and crypto leaders converged at DAO Tokyo as Japan increases adoption

DAO Tokyo was a reminder of the energy and creativity that is driving the Web3 industry forward.

https://cointelegraph.com/news/blockchain-and-crypto-leaders-converged-at-dao-tokyo-as-japan-increases-adoption

Stablecoin payments: Visa shares plans for ‘ambitious’ crypto product

Payment giant Visa is building a cryptocurrency-related product to facilitate the digital commerce of everyday life.

https://cointelegraph.com/news/stablecoin-payments-visa-shares-plans-for-ambitious-crypto-product

Events

Crypto News Heard Around the State

Tampa News

From internet adoption to AI: How one Tampa tech firm adapted

Technologist Christopher Karlo remembers the rise of internet adoption in the '90s - opening a digital world of possibilities to businesses that didn't quite fully grasp the capabilities the new landscape would bring. "In those days, you had to spend a lot of time explaining to prospective clients the value of an online presence and [...]

https://stpetecatalyst.com/from-internet-adoption-to-ai-how-one-tampa-tech-firm-adapted/

Orlando News

Miami News

Crypto, Miami and the future of tech hubs

https://www.politico.com/newsletters/digital-future-daily/2023/04/20/crypto-miami-and-the-future-of-tech-hubs-00093142

The other Florida Republican mulling a run for president? Miami’s mayor - WEIS | Local & Area News, Sports, & Weather

(MIAMI) -- As the Republican field for president takes shape around former President Donald Trump, with Gov. Ron DeSantis expected to launch his own campaign by the summer, a third Floridian is angling to possibly join the 2024 race. Miami Mayor Francis Suarez is weighing a bid for the White House, recently telling ABC affiliate WMUR

https://weisradio.com/2023/04/25/the-other-florida-republican-mulling-a-run-for-president-miamis-mayor/

Spotify Playlist

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:

FBBA
FBBS
ReBlock Summit
Tortuga

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.