Fireside Chat: Crypto lost the battle in DC, what happens next?
We had the opportunity to meet with Tom Block, FSInsight’s Washington and Policy Strategist, along with Sean Farrell, our VP of Digital Assets.
Last week we met to discuss the crypto provision tucked inside the Infrastructure Bill, which loosely defined broker and many saw this as negatively affecting the future of blockchain & crypto innovation here in the US.
A compromise amendment was then proposed, which clarified the language and exempted software developers, transaction validators, and node operators as brokers.
After a single senator, Richard Shelby of Alabama, objected to the introduction of the compromise amendment to the infrastructure bill on Monday, it failed to be added to the legislation prior to a final Senate vote.
The original language is still in place and the bill is now headed to the House.
Tom & Sean provide some insight and what we can expect moving ahead, from both Washington and in the crypto industry.
Reports you may have missed
In today's video, we discuss the current market psychology leading up to tomorrow's CPI release, highlighting key indicators pointing to a potentially cooler print. We also discuss the implications of this evening's presidential debate, and take a closer look at Helium (HNT), the altcoin that has demonstrated outsized strength with high trading volumes over the past month. TICKERS IN THIS VIDEO: BTC -1.19%
Caution in the Near-term Still Warranted, Q4 Setup Remains Compelling (Core Strategy Rebalance)
In today's video, we discuss the increasing near-term risks as demonstrated by the disconnect between real yields and bitcoin, and by a rising MOVE index. We also talk about why we remain optimistic heading into Q4. Last but not least, we discuss the latest Core Strategy rebalance. TICKERS IN THIS VIDEO: BTC -1.19%
Election and Rates Cited as Key Risks Stunting New Order Growth, Prediction Markets / Polling Shift Toward Trump
In today's video, we explore the risk-off move in crypto, analyze what the ISM Manufacturing report suggests about market risks in the coming months, highlight an under-discussed shift in polling odds, and review key data points this week that could shift market expectations from 'hard-landing' back to 'soft-landing' pricing. TICKERS IN THIS VIDEO: BTC -1.19%
Jackson Hole Eliminates “Plane Climbing” Scenario for Crypto, Historical Data Suggests Volumes Bottom This Week
In this week’s video, we discuss the recent lack of spot market volumes and how historical data indicates that volumes are likely to bottom out this week. We also explore why the outcome of Jackson Hole significantly reduces the likelihood of a cyclical downturn for crypto in the near term. TICKERS IN THIS VIDEO: BTC -1.19%
Articles Read 1/2
Enjoyed the read? Subscribe now for unlimited access!
Get invaluable analysis of the market and stocks. Cancel at any time.
Already have an account? Sign In 18fe1a-2b0534-59f95c-66d95a-7b77d1
Already have an account? Sign In 18fe1a-2b0534-59f95c-66d95a-7b77d1