Trump’s Crypto Ventures and Legislative Challenges in the Lame Duck Session

Amidst a potential lame-duck session, Rep. Patrick McHenry sees a chance for crypto legislation, including the FIT21 bill, to be attached to a spending bill. Meanwhile, Trump’s involvement in crypto, particularly with his WLF token, raises concerns about conflicts of interest and the Emoluments Clause, as Democrats may resist supporting crypto bills that could benefit the Trump family financially. Senate Majority Leader Chuck Schumer acknowledges the future of crypto but has not prioritized it in his legislative agenda.

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Central Banks of Bhutan, Venezuela, and Iran Acquiring Bitcoin, Claims Industry Voices

Central banks of Bhutan, Venezuela, and Iran are reportedly acquiring Bitcoin, with larger central banks expected to follow suit. Bhutan’s sovereign investment arm, Druk Holding & Investments, is significantly expanding its Bitcoin mining operations to diversify the country’s economy. There are speculations about former President Donald Trump securing a substantial BTC reserve for the US Treasury, potentially using a timelock mechanism.

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