Important Bill For Altcoin Holders Will Be Introduced June 7th. This is what you need to know!
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Timestamps:
0:00 – Senator Cynthia Lummin & Michael Saylor on June 7th Crypto Bill
1:25 – Introduction (Watch the WHOLE Video)
1:44 – June 7th Crypto Bill Could Be HORRENDOUS For Altcoins
2:27 – Who has helped craft this bill? Why are they BTC Maxi bias?
4:00 – Michael Saylor
4:20 – Ted Cruz
5:37 – Caitlin Long
6:25 – Cynthia Lummis
6:40 – FTX is the BEST App for Crypto Traders ($100 Free use code “ALTCOINDAILY”)
7:10 – Ethereum & Crypto to be deemed securities
8:03 – TLDR/Takeaways [What you need to understand]
9:33 – Final Thoughts
**Note: My overall opinion is that the name of the game is to accumulate as much Bitcoin as possible. Alts are interesting but a lot more speculative. I use them to accumulate more Bitcoin.
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***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! USE ALTCOIN DAILY AS A STARTING OFF POINT!
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This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.
Most of my crypto portfolio is Bitcoin, then Ethereum, but I hold many cryptocurrencies, possibly ones discussed in this video.
Coins I hold or will hold more than $1k worth (in no particular order): BTC, ETH, ADA, SOL, DOT, AVAX, EGLD, MINA, SUPER, FEAR, CELL, DON, VPP, XCAD, RUNE, XDEFI, OPUL, LINK, RFOX, INJ, XPLOT, REALM, NIF, VPAD, SENATE, SIDUS, FORM, DON, CELL, BICO, SIS, MATIC, IMX, METIS, BNB, MANA, SAND, THETA, TFUEL, GMT
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46 Comments
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So be ready for further downside in crypto space. If this isn’t crypto winter I don’t know what is.
Time to clear all the garbage cryptos from the table!!
The US Senate has passed the $40bln more aid package for Ukraine.
I have bought $SKYH
Reason I hold btc, eth, and ada only
can you imagine any of these people have any idea what a CPU does?
Thes people are fukin morons. Why should they have a say in anything?
Great, the ones who created this fuckedup monetary system and enabled its demise are in charge of the future of the global monetary system… fool me once shame on you… belly up were fucked
Whatever it is, overall it is going to be good, not the rules/terms themselves but such processes which will evolve over time… and make things better for the long term.
Cardano has a lot of influence in Wyoming. I would imagine they keep alts in mind cause of that
ALL WHO HAD A HAND IN CREATING THIS BILL SHOULD NOT BE ALLOWED TO INVEST BECAUSE THAT WOULD BE INSIDER TRADING
THEY GET TO LINE UP THERE CHIPS FIRST.
They are already treated like securities so all this FUD fir nothing
Ohh no to much FUD its yearly and every day theres a fud its normal
I've long since sold my altcoins and i've got loads of cash in usdc, steadily been buying into bitcoin and only bitcoin since dominance tends to go up in bear markets. This is icing on the cake. BURN IT ALL DOWN, IM YELLING TIMBERRRRRR.
🤦♂️ greaaaaaat!
I feel alot better knowing Saylor is on board.
Can you comment on the difference between securities and Commodities? What happens to Alts classified as securities?
Thank you for the update
If they come for alts i favour of BTC, it's going to backfire, the community will split against BTC, it's look like the rich vs the poor.
Regulatory clarity will be an overall positive for crypto!
money money money can make you think that your really something your not!!!! LOT of BS out there most of us are just plain naive
OHH NOOO NOT TED CRUZ….ARE YOU KIDDING ME
HES A SNAKE VOTE HIM OUT …FALSE PRETENCE WITH HIM ONLY MONEY HE DONT GIVE A SHIT
The only thing that can save alts its their own utility. Solid projects will be around long term all the doggy coins are going to get flushed and btc will gobble them up
Hahaha aw look who is caring about over regulation now that Ethereum might be in the firing line 🤣
As long as my baby Chainlink is good idc
My greatest happiness is the $7,120 biweekly profit get consistently
They over regulate everything
Thats bullshit….
in 2018 the SEC officially said Ethereum is not a security, freeing it from oversight.
Okay the coins that are worth it will stay.
All the b.s dog coins will prob go away.
This video is FUD.
Senator Stella Lumens?
Pos buy btc tgen regulate web 3.0
They cant stop stellar, xrp, algo, hbar, due to the utility hbar governing council, bitcoin is a known commodity n thats it
I thought ETH was already deemed as to not be a security?
Saylor is only about Bitcoin. No altcoin is safe
🤘😎👍
FTX is centralized..
Bitcoin is the only true digital property. Most coins are unregistered securities very centralized, just because it’s on a blockchain doesn’t mean it’s decentralized l.
The government is here to help!
We need to have a strong cryptocurrency representation in Congress!
🙏
When it comes to investment, diversification is key. That is why I have my interests set on key sectors based on performance and projected growth. They range from the EV sector, renewable energy, Tech and Health.
Who cares if they are classified as securities. If they are then they can register with the sec as a security. How does that change anything if someone wants to buy or sell their coin or it’s value?
Looks like the House of Cards sh!tcoiners live in is coming down sooner rather than later