Attempt To Bar The Fed From Making A CBDC In Congress Again

The House GOP’s majority whip and crypto’s biggest supporter on Capitol Hill, Tom Emmer, is back in the ring with his “Central Bank Digital Currency Anti-Surveillance State Act.” 🧢

The bill aims to slam the brakes on the Federal Reserve’s aspirations of directly offering a CBDC to the public. Emmer’s rallying cry? Keep digital dollars as American as bald eagles and freedom fries, or risk creating the ultimate surveillance tool.

Five crypto bills, including the Financial Innovation and Technology (FIT) for the 21st Century Act and the Clarity for Payment Stablecoins Act, are inching their way toward a full House vote.

In a nutshell: Emmer’s on a mission to keep CBDCs from becoming Big Brother’s new pet project, Congress is still playing 3D chess with crypto regulation, and Gensler’s gearing up for more regulatory showdowns. 🥊

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Gotta Catch Em All: Do Kwon-izardachu Coming To the US

Per the WSJ, the Do Kwon saga just took a twist. Montenegro’s top justice official is leaning towards shipping Con Kwon off to Uncle Sam rather than his homeland, South Korea. 🌏

Kwon, who’s been cooling his heels in a Balkan jail since March, is at the center of an international tug-of-war. The U.S. and South Korea are itching to get their hands on him for a courtroom showdown. 

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November’s Close: A Closer Look

November 2023 ranks third in terms of performance, behind the bullish Novembers of 2018 and 2019. It’s a respectable showing, especially given the past volatility. 🐓

November 2018: +57.61%
November 2019: +21.29%
November 2022: +19.44%
November 2011: +10%
November 2023: +8.84% (the newcomer)
November 2021: +7.77%
November 2012: -11.11%
November 2014: -9.87%
November 2016: -5.91%
November 2020: -6.62%
November 2015: -17.67%
November 2017: -35.16%
November 2013: -82.49%

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Technically Speaking – December 8, 2023

Wednesday’s Technically Speaking looked at five altcoins whose charts were positioned for bullish breakouts and had yet to experience the big moves higher the rest of their peers have already experienced.

Today, we will cover the same material and market cap requirement of at least $100 million.

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Crypto’s Harmony With The Dollar, Not A Rivalry

$COIN‘s main man, Brian Armstrong, is stirring the financial pot with a fresh take: $BTC‘s not here to knock the USD off its perch; it’s here to help it out. 🪙

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