Happy Thursday, Blockfolians
The Lede
Yesterday’s Senate Banking Committee hearing was nominally about central bank digital currencies. But led by Senator Elizabeth Warren, it became a referendum on Bitcoin.
Much of it was the same old FUD we’ve heard over and over:
Increasingly though, there is a sense that this narrative battleground is about setting up the justification for a central bank digital currency with strong surveillance property.
“And then they fight you?”
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Highly Relevant Reading
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State Street Bank has launched a crypto division
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IMF says El Salvador actions bring up concerns
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Basel Committee says banks can hold bitcoin, but only with strict capital requirements
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Kraken to halt U.S. margin trading
Community Commentary
He’s not wrong though
Maybe the inflation narrative has room to run
A Really Big Number We Should Be Paying Attention To
$380m
That’s the amount that Ledger just raised
Final Thought
Lol.
