if you’re a teacher, firefighter, policeman, or any other kind of public employee in #texas you may want to consider making sure you have a backup plan for your pension because up to 10% of your money is about to be shipped to china

#crypto #cryptocurrency #strategicBitcoinReserve #pension #Teachers #firefighters #TX #TXpol #gregAbbott #tedcruz #johncornyn

good night and good luck to #NewHampshire's teachers and firefighters

https://thehill.com/policy/technology/5287441-new-hampshire-becomes-first-state-to-adopt-strategic-crypto-reserve/

#uspol #uspolitics #NHpol #NH #KellyAyotte #pensions #crypto #strategicBitcoinReserve

#Pennsylvania senator David McCormick is throwing down another couple hundred thousand to front run the #StrategicBitcoinReserve and/or make a bet on the collapse of the United States (despite being one of the few hundred people who have enough political power to do something to stop that collapse, e.g. by changing the tariff laws).

IIRC (don't quote me) I think his last purchase was ~$600k so he's bought around a million dollars worth of magic beans in under a month personally.

https://x.com/QuiverQuant/status/1917949106431160397/history

#Papol #PA #senate #uspol #uspolitics #corruption #crypto #republicans #MAGA #DavidMcCormick

#Pennsylvania Senator David McCormick, who sits on the Senate Subcommittee on Digital Assets, has apparently purchased $600,000 worth of bitcoin, no doubt in anticipation of the US government's massive transfer of taxpayer money to bitcoin owners (the #StrategicBitcoinReserve).

#corruption #PA #PApol #Senate #uspol #congress

FT Alphaville weighs in on #MicroStrategy's bizarre new "strife" (#STRF) bitcoin accumulation strategy.

> "#MichaelSaylor has pitched it as a way to tap into the vast pool of fixed-income investors who generally prefer stability and predictable returns. Yet Strife offers neither. It exposes investors to bitcoin’s downside (since Strategy’s creditworthiness hinges on its crypto holdings) without giving them any upside if the cryptocurrency soars. The dividend is fixed, so if bitcoin 'moons', Strife holders are left watching from the sidelines. It’s like being invited to an all-you-can-eat buffet but only allowed to smell the food."

> "Buried in the fine print of the prospectus is a crucial detail: the board can suspend dividends altogether. It’s essentially a 'trust me' deal."

https://www.ft.com/content/20984de7-4a63-4919-979f-04245de33592

#michaelSaylor #MSTR #crypto #Bitcoin #StrategicBitcoinReserve

GOP Majority Whip #TomEmmer, the man who wrote angry letters to the #SEC demanding that they stop bothering an innovative company like #FTX back in 2022, believes that the US government will be buying 1 million bitcoins for a price equivalent to 10-20% of the US defense budget for the “#StrategicBitcoinReserve” before the end of this session of Congress.

Here he is kissing Sam Bankman-Fried's ass on the floor of the US #Congress a few years ago: https://www.youtube.com/watch?v=MpIPlb7mYTE

#DigitalAssetsStockpile #StrategicCryptoReserve #uspol #corruption #SBF #Trump #GOP #blockchain8

Legislation to allocate ~$100 billion of taxpayer money (roughly 8 aircraft carriers or 12% of the entire US defense budget) to buying #bitcoin has been reintroduced by Senator #CynthiaLummis.

(Unstated: Lummis is trying to pump the bitcoin market which has been crashing in the aftermath of Trump only committing to not selling $20bn worth of bitcoins seized from criminals when the market was pricing in a massive government purchase)

(Also unstated: Lummis owns a lot of bitcoin, so she’s nakedly attempting to use taxpayer money to enrich herself)

#Wyoming #senate #republicans #crypto #uspol #economics #economy #MAGA #StrategicBitcoinReserve #StrategicCryptoReserve

how it started / how it's going, white house endorses bitcoin edition

#uspol #StrategicBitcoinReserve #bitcoin #crypto #DigitalAssetsStockpile #Trump