Judd Legum

@JuddLegum ↗

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Last Checked June 27, 2022

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Mon Jun 13 16:18:23 +0000 2022

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Judd Legum @JuddLegum

5. @SenGillibrand and @SenLummis aren't just promoting crypto on TV. They've introduced a bill "regulating" crypto. Notably, it makes the @CFTC the primary regulator, a chronically underfunded agency Which is just what the crypto industry wants https://t.co/Sea1dAvi36 — PolitiTweet.org

Posted June 13, 2022

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Judd Legum @JuddLegum

4. @SenGillibrand does not own crypto but, a week before Gillibrand included Bitcoin in 401ks, the executive director of @BlockchainAssn, the lobbying arm of the cypto industry, held a fundraiser for Gillibrand in Manhattan. https://t.co/Sea1dAvi36 — PolitiTweet.org

Posted June 13, 2022

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Judd Legum @JuddLegum

6. The Lummis/Gillibrand bill also creates new lucrative tax breaks for crypto, including a provision that would exempt gains under $200 when crypto is used to buy goods and services. So crypto would get preferential tax treatment over other investments https://t.co/Sea1dAvi36 — PolitiTweet.org

Posted June 13, 2022