more data on those “52 million americans” who congressional #dems think are using #crypto but actually aren’t: according to the atlanta federal reserve crypto ownership declined once again to 7.7% of adults in 2024 from its peak of 9.6% in 2022.

that 7.7% number includes people speculating on bitcoin via ETFs etc which is hardly “usage”. less than 2% of americans actually “use” crypto for anything (and a lot of that is probably just bros buying NFTs).

source: https://www.atlantafed.org/-/media/documents/banking/consumer-payments/survey-diary-consumer-payment-choice/2024/dcpc2024_tables_for_web.pdf

#uspol #uspolitics #federalreserve #economics #econfedi #econ #finance #democrats #Blockchain8 #cryptocurrency #blockchain

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

oh look #BradGarlinghouse, another one of the 2024 election's megadonors, had (some of the) securities fraud charges against his company #Ripple dropped (they were charged with selling unregistered securities in the form of their token #XRP - the same XRP token that Trump wants to put in the “Strategic Crypto Reserve”).

i assume the rest of the charges (the ones they were convicted of) will be dropped soon enough.
https://x.com/bgarlinghouse/status/1902345706636992720

#crypto #uspol #corruption #Trump #Blockchain8 #XRP #StrategicCryptoReserve #DigitalAssetsStockpile #SEC #CFTC #superPAC

Dear Allysia Finley of the #WSJ's Font of Kookbabble:

You recently wrote back to back columns. One of them is about the SEC failing to regulate #FTX.

The other one calls #SenatorPatToomey / #PatToomey "a free-market champ."

Toomey was also a champ of SEC deregulating "non-banks" like #FTXScam / #FTX.

Also nowhere in your attempt to shill crypto by shifting blame onto #GaryGensler is it mentioned that the shameful #Blockchain8 wrote a letter urging SEC to stop investigating the #FTXScam.

Remember when Republican Representative Tom Emmer wrote a letter to the Securities and Exchange Commission ("SEC") asking them to stop investigating FTX and then tried to blame the SEC and its leadership for the FTXplosion?

Democratic darling of the left wing Ritchie Torres is now trying to run the same game, "opening an investigation" (with typos lol) of the SEC's "fundamental failure" to regulate FTX.

#RitchieTorres also signed Emmer's shameful #Blockchain8 letter.

#BipartisanCorruption

Rep. Tom Emmer's (R - Minnesota) performance is one of the finest displays of simping for the interests of wealthy and corrupt donors ever filmed.

Recorded in the US House of Representatives a few months before Emmer's March 2022 letter from the shamefully bipartisan #Blockchain8 to the Securities and Exchange Commission (AKA "the SEC") asking them to stop investigating FTX so much because it was hurting Sam Bankman-Fried's feelings the role may win Emmer an Oscar.

https://www.youtube.com/watch?v=MpIPlb7mYTE