Cryptocurrency industry is looking to gain mainstream legitimacy — marking a new milestone for the ever-growing digital asset community with several companies flooding Super Bowl LVI with commercials to prove their high-profile merits to a mass audience that many still don’t understand the risky ventures.
President Biden is gearing up to issue an executive action to develop an initial government-wide strategy for digital assets within a matter of days that will put the White House at the central role in dealing with efforts to regulate the $2 trillion booming sector.
Former first lady Melania Trump announced the launch of her own collection of NFT (Non-Fungible Token) platform, which a significant portion of the proceeds sales going to support children aging out of the foster care system, becoming the latest high-profile figure embracing the hot NFT craze.
Florida Governor Ron DeSantis (R) is proposing a pilot program that would allow businesses to pay state fees in cryptocurrency, utilizing his budget proposal to make the Sunshine State a more friendly state toward the evolving digital currency.
Miami Mayor Francis Suarez announced that he would take his “next paycheck 100% in Bitcoin,” aiming to be the first lawmaker at the state or federal level to accept part of his salary in digital currency.
Sen. Ted Cruz (R-TX) slammed his fellow colleagues for attempting to enforce “harmful regulations” on cryptocurrencies within the $1.2 trillion bipartisan infrastructure bill, an industry he argued that less than a handful have the knowledge to define “what in the hell a cryptocurrency is.”