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Crypto Provision in Infrastructure Bill Blocked

Aug.09 — Jeremy Allaire, chief executive officer of Circle Internet Financial, the second-biggest stablecoin issuer, discusses the removal of a cryptocurrency provision from the Biden administration’s $550 billion dollar infrastructure plan that would have limited a proposal to increase federal regulation of cryptocurrencies. He speaks with Emily Chang on “Bloomberg Technology.”

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Aug.09 — Jeremy Allaire, chief executive officer of Circle Internet Financial, the second-biggest stablecoin issuer, discusses the removal of a cryptocurrency provision from the Biden administration’s $550 billion dollar infrastructure plan that would have limited a proposal to increase federal regulation of cryptocurrencies. He speaks with Emily Chang on “Bloomberg Technology.”

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12 Comments

12 Comments

  1. Vic Marc

    August 9, 2021 at 11:22 pm

    We ALL know whey they REALLY work for.

  2. Vic Marc

    August 9, 2021 at 11:25 pm

    Totally agree, US falling WAAAY behind on an exponential technology. We cannot do tie to find defunct projects that don’t make us safer or more competitive. Find blockchain and Bitcoin mining!

  3. Abram Neitling

    August 9, 2021 at 11:54 pm

    This guy is a warrior for the crypto space.

  4. Kevin Medeiros

    August 10, 2021 at 12:02 am

    They want every last dime you work for.

    • C Kez

      August 10, 2021 at 1:16 am

      Well. It’s because they want to pay for all the people who don’t want to work!!!

  5. symmetry

    August 10, 2021 at 12:37 am

    bullish!

  6. adhd trader

    August 10, 2021 at 12:41 am

    Love this guy, glad to be invested in his company. He needs to get the bank charter to compete with Silvergate bank. The crypto lobbyists should throw some $ at these politicians, thats the best way to get legislation in your favor. Bitcoin has made so many multi millionaires…why dont they just donate to the politicians.

  7. jeffrey exposito

    August 10, 2021 at 12:54 am

    Fun fact: Crypto adoption has grown faster than the internet when it first came out. We are at the cusp of a new industrial revolution that can’t be stopped. The banks and traditional financial institutiones are desperately trying to stop the inevitable.

  8. Jonathan Hunnicutt

    August 10, 2021 at 12:59 am

    This dude is a true blooded communist. Completely misrepresented the bill at hand. Propaganda

  9. Cliff L

    August 10, 2021 at 1:08 am

    What you’re witnessing with the DC. infrastructure/crytpo debate, is just another in a long line of examples where the US is being deliberately destroyed from within to allow China to become the world leader in almost all areas. China is already using a digital Yuan and in the very near future, their entire country will be using only that. The US and the knuckleheads bought and paid for in DC. can’t even tell you what a digital asset is. But hey, as long as they get their pockets filled with cash today, who cares about the fate of the country tomorrow.

    The entire New World Order agenda is centered on controlling the world’s population based on the Communist Chinese model. Look back a David Rockefeller’s own quotes about that subject. The globalist elite understood decades ago that their wet dream could never be achieved if the world’s largest population China, wasn’t on board. So, China was promised a key seat at the New World Order table.

  10. C Kez

    August 10, 2021 at 1:15 am

    WOW THIS IS SAD. THAT THESE SENATORS WANT TO HURT USA INNOVATION!!!! Vote out ANYONE WHO GETS IN THE WAY AND WANTS TO HURT CRYPTO! SIMPLE!!! No matter what side of the aisle they are on!! BYEEEEE

  11. william tell

    August 10, 2021 at 1:20 am

    No go .
    On to the house

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Intel Rebuffs Arm, China Tech Stocks Soar | Bloomberg Technology

Bloomberg’s Caroline Hyde and Ed Ludlow break down Arm’s interest in Intel’s product division, only to have Intel turn down Arm’s advances, and China stocks in the US are set for their best week since 2022. Plus, “money is green” when it comes to database and nuclear build out according to US Energy Secretary Granholm,…

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Bloomberg’s Caroline Hyde and Ed Ludlow break down Arm’s interest in Intel’s product division, only to have Intel turn down Arm’s advances, and China stocks in the US are set for their best week since 2022. Plus, “money is green” when it comes to database and nuclear build out according to US Energy Secretary Granholm, who supports the US AI efforts to expand, even with foreign investment.

Chapters:
00:00:55 – Arm Rebuffed by Intel on Buying Unit
00:27:00 – Fivetran CEO George Fraser
00:35:47 – DirecTV, Dish Said Close to Merger Deal
00:39:46 – Lackluster Reception to iPhone 16
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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Apple’s iPhone 16 Receives a Lackluster Reception

Apple shares continue to outperform and avoid volatility despite growing concern around iPhone sales growth. Bloomberg Intelligence senior analyst Anurag Rana discusses a recent Bloomberg Intelligence survey showing that the iPhone 16 did not excite consumers enough to warrant a smartphone super cycle. He joins Caroline Hyde and Ed Ludlow on “Bloomberg Technology.” ——– Like…

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Apple shares continue to outperform and avoid volatility despite growing concern around iPhone sales growth. Bloomberg Intelligence senior analyst Anurag Rana discusses a recent Bloomberg Intelligence survey showing that the iPhone 16 did not excite consumers enough to warrant a smartphone super cycle. He joins Caroline Hyde and Ed Ludlow on “Bloomberg Technology.”
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China Stocks Set for Best Week Since 2022

Chinese equities capped their biggest weekly rally since 2008 with a burst of trading that overwhelmed the Shanghai stock exchange, underscoring a shift in investor sentiment after Beijing ramped up its economic stimulus. That shift was felt in Chinese stocks in the US as well, where they’re set for their best week since 2022. Fiona…

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Chinese equities capped their biggest weekly rally since 2008 with a burst of trading that overwhelmed the Shanghai stock exchange, underscoring a shift in investor sentiment after Beijing ramped up its economic stimulus. That shift was felt in Chinese stocks in the US as well, where they’re set for their best week since 2022. Fiona Cincotta, City Index Senior Analyst joins Caroline Hyde and Ed Ludlow on “Bloomberg Technology.”
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