A new report from crypto research company 10X Research on July 21 suggested that Gary Gensler’s time as Chair of the U.S. Securities and Exchange Commission (SEC) could be coming to an end as early as next year, should current U.S. President Joe Biden’s exit from the 2024 presidential race lead to a change in administration. #Siamstr #siamstr

Though United States Vice President Kamala Harris has yet to officially win the Democratic nomination for president in 2024, many experts suggest she has an excellent chance to be the party’s candidate, facing off against Republican Donald Trump in November. Certain Democrats have a chance of being at the top of the ticket or potentially vice presidential candidates under Harris, inclusing two known pro-crypto candidates. #Siamstr #siamstr

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US banks are scrambling to recover from a massive computer outage that’s disrupting financial transactions around the world. While other systems failed, Bitcoin's decentralized nature proved its reliability and resilience. #siamstr #Siamstr

New York Fed President John Williams indicated that the Federal Reserve may consider interest rate cuts in the coming months, but emphasized that such a move will not occur at the central bank’s upcoming meeting in late July. #siamstr #Siamstr

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Kraken users have reportedly received an email from the exchange notifying them that the Mt. Gox reimbursement funds have been sent to Kraken and will be distributed within seven to 14 days. Arkham Intelligence also flagged a transfer of 48,641 Bitcoin valued at $3.1 billion, from a Mt. Gox trustee wallet on the morning of July 16 #siamstr #Siamstr

Bitcoin battled $63,000 at the July 15 Wall Street open as traders looked for signs of further upside. Now up 10% since the start of the weekend, Bitcoin spawned fresh hopes of a full return of the bull market after weeks of sideways action punctuated by liquidation cascades downward. #Siamstr #siamstr

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The Biden administration opened a line with the cryptocurrency industry Wednesday, as the White House and Democrats find themselves increasingly at odds with powerful players in the digital assets space. Anita Dunn, a senior adviser to President Biden, met with dozens of crypto leaders in her personal capacity Wednesday at a roundtable organized by crypto-friendly Democratic Rep. Ro Khanna (Calif.). However, nothing came of that meeting, instead, Biden choosing to double-down on its anti-crypto stance. #siamstr #Siamstr

The US House of Representatives has failed to override US president Joe Biden’s veto on legislation that sought to nullify SEC’s Staff Accounting Bulletin (SAB) 121. The House voted 228 in favor of overriding the veto. However, this fell short as this did not meet the two-thirds majority threshold required to nullify the president’s action. The House managed 228-184 but the vote needed 290 to pass. #Siamstr #siamstr

Governments have been selling significant quantities of Bitcoin recently, despite market turbulence. These government sales have coincided with Bitcoin price fluctuations, recently dropping below $55,000 before recovering to around $57,590. The broader crypto market has experienced volatility during this period. Is it over soon? #siamstr #Siamstr

The crypto market is staring down its toughest headwind in months as the anticipation of Bitcoin (BTC) sell-offs from Mt. Gox and the German government begins to weigh heavily on investors’ minds. Some predict that market conditions may ease only when selling pressure from Mt. Gox and Germany subsides. #siamstr #Siamstr

During the past 24 hours, the German government’s Bitcoin address (BKA), sold 2,620 BTC for around $150 million. Although, it is unclear if the German government plans on selling all of their holdings. #siamstr

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