Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Leahized]

Joe Biden Opts to Not Veto FIT21 Bill in Notable Shift.

US President Joe Biden has announced that he will not veto the FIT21 crypto bill if it is passed. Moreover, the Biden administration released a statement calling for Congressional collaboration on a “comprehensive and balanced regulatory framework for digital assets.”

With the 2024 presidential election fast approaching, digital assets have become an important topic. Indeed, both sides of the political aisle have clearly expressed their stance on the matter. However, that has now seen some interesting shifts take place.

US President Joe Biden has stated that he will not veto the impending FIT21 crypto bill, in what is certainly a shift in perspective from the commander in chief. In a statement, Biden expressed his desire to work alongside Congress to establish regulation for the asset class in the modern economy.

“The Administration is eager to work with Congress to ensure a comprehensive and balanced regulatory framework for digital assets, building on editing authorities,” the statement noted. Furthermore, it states that such action would “prompt the responsible development of digital assets and payment innovation” in the country.

However, Biden did also express his opposition to the FIT21 bill. Specifically, the White House noted trepidations regarding investor protection. Still, the approach is certainly a necessary alteration, with the industry long calling for Congressional interference amid the US Securities and Exchange Commission’s (SEC) regulation by enforcement approach.

https://watcher.guru/news/us-president-joe-biden-will-not-veto-fit21-crypto-bill-if-passed

[Hueristic]

Joe Biden Opts to Not Veto FIT21 Bill in Notable Shift.

US President Joe Biden has announced that he will not veto the FIT21 crypto bill if it is passed. Moreover, the Biden administration released a statement calling for Congressional collaboration on a “comprehensive and balanced regulatory framework for digital assets.”

With the 2024 presidential election fast approaching, digital assets have become an important topic. Indeed, both sides of the political aisle have clearly expressed their stance on the matter. However, that has now seen some interesting shifts take place.

US President Joe Biden has stated that he will not veto the impending FIT21 crypto bill, in what is certainly a shift in perspective from the commander in chief. In a statement, Biden expressed his desire to work alongside Congress to establish regulation for the asset class in the modern economy.

“The Administration is eager to work with Congress to ensure a comprehensive and balanced regulatory framework for digital assets, building on editing authorities,” the statement noted. Furthermore, it states that such action would “prompt the responsible development of digital assets and payment innovation” in the country.

However, Biden did also express his opposition to the FIT21 bill. Specifically, the White House noted trepidations regarding investor protection. Still, the approach is certainly a necessary alteration, with the industry long calling for Congressional interference amid the US Securities and Exchange Commission’s (SEC) regulation by enforcement approach.

https://watcher.guru/news/us-president-joe-biden-will-not-veto-fit21-crypto-bill-if-passed

Is it too hard to read the previous page before posting?

@WatcherGuru
JUST IN: 🇺🇸 President Biden will not veto FIT21 crypto bill if passed today.


https://x.com/watcherguru/status/1793288778016026905


Senator Cynthia Lummis
@SenLummis
There is a bipartisan majority in both chambers of Congress in favor of crypto.

The future is very bright…
https://x.com/senlummis/status/1793281614316724584


@BrendanPedersen
NEWS 🚨 The White House will not issue a veto threat against FIT for the 21st Century Act, the crypto market structure overhaul bill being voted on today. Flags "concerns" but no veto threat. This is a huge win for crypto backers on the Hill
https://x.com/brendanpedersen/status/1793284713898979730

[BitcoinBunny]

Rishi Sunak announces 4 July general election
https://www.bbc.co.uk/news/live/uk-politics-69042935

NONE OF THE ABOVE.






At least we have the Euro Football as a distraction during this UK election cycle. 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

Pretty funny to see the Biden administration start attempting to pander to the crypto community now that they see it is impossible for Joe Biden to win the next election. Even with the coming mail in ballot fraud and use of illegals immigrants to vote, they still won’t be able to muster up enough to keep him in the White House. I suspect this will be a positive for Bitcoin going forward as politicians are embracing our community in an attempt to win over some support.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

Glad to see us back over 70k. Looking at the reason though I think there is a possibility that the Bitcoin market dominance will slip for a while from here. Just saying.

Who cares?  #justsaying

Holder! Do not close eyes, and look at the green candle. _#justsaying

The fact that someone denigrates others who post about shitcoins and/or bullshit metrics in terms of their supposed positive relation to bitcoin (within this thread) does not mean that their eyes are closed.

In other words, fuck shitcoin and fuck the pumping of bullshit distracting metrics.. especially in these here parts.

By the way, if any of you had not noticed, the contents are factually actually inaccurate.

To correct the matter:  The bitcoiner (little hodler) should have had requested two pizzas. 
Or alternatively the pizza maker should have had said 5,000 bitcoin if the request had been ONLY for one pizza, yet to me, it seems better to stick closer to the facts, since at that particular time the final deal ended up coming to two pizzas for 10k BTC.. not one pizza for 10k BTC.

Bitcoin Pizza Day

 🍕2011: $6.12
 🍕2012: $5.10
 🍕2013: $123
 🍕2014: $523
 🍕2015: $241
 🍕2016: $439
 🍕2017: $2109
 🍕2018: $8355
 🍕2019: $7958
 🍕2020: $9060
 🍕2021: $37340
 🍕2022: $29,492
 🍕2023: $26,773
 🍕Today: $70,045
Drop your price prediction for BTC on Bitcoin Pizza day in 2025 👇

I don't mind the idea.. but what BTC price would be we be using for either the historical data or for the future BTC price data?  Maybe a specific time of the day?  or maybe the high price for the day?  or maybe the average traded price for the day?

[bitcoinPsycho]

Approximately $700,000,000 for 2 pizzas

Fuck

[JimboToronto]

Some people are getting all worked up over a possible Vitalik tardcoin ETF.

Now they're talking about dogshitcoin ETFs.

What's next? NFT ETFs?

 

[bitebits]

Let them create all the ETF's they want, the market will figure it out.

[OutOfMemory]

Some people are getting all worked up over a possible Vitalik tardcoin ETF.

Now they're talking about dogshitcoin ETFs.

What's next? NFT ETFs?

 

NFT ETF Futures 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[STINKYBEE]

Approximately $700,000,000 for 2 pizzas

Fuck

When history is being made, the only right choice is Papa John's  
I was just a kid with no income when bitcoin was worth pen-nies of dollars. Really sucks a lot of us were born too late.

[criptoevangelista]

Pretty funny to see the Biden administration start attempting to pander to the crypto community now that they see it is impossible for Joe Biden to win the next election. Even with the coming mail in ballot fraud and use of illegals immigrants to vote, they still won’t be able to muster up enough to keep him in the White House. I suspect this will be a positive for Bitcoin going forward as politicians are embracing our community in an attempt to win over some support.

These guys use the narrative that brings them the most votes... now it's about bitcoins  ....

if talking bad about bitcoin gets them votes,  then they will be against bitcoin...

if talking good about bitcoin gets them votes... they will be in favor of bitcoin...

electoral war, anything goes.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[vapourminer]

Approximately $700,000,000 for 2 pizzas

Fuck

laszlo did say they were really good pizzas

[xhomerx10]

Approximately $700,000,000 for 2 pizzas

Fuck

 At least he got more than a lick of it.

 

edit: ordered my pizzas!

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

Some people are getting all worked up over a possible Vitalik tardcoin ETF.

Now they're talking about dogshitcoin ETFs.

What's next? NFT ETFs?

 

Finally a Doge ETF.

the coin with true staying power and ever decreasing inflation rate.

sad to see anyone dis the doge coin.

As for eth mr v still owes me two coins and can go fuck himself.