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US Biden camp to allow crypto contributions, Coinbase's Brian Armstrong busy with senatorial meetings

The US political landscape is shifting toward pro-crypto policies.
Former U.S. President Donald Trump, who previously added cryptocurrency to his presidential campaign contribution options, also uses Coinbase Commerce.

“The Biden campaign's decision is part of an effort to win over crypto voters,” the source explained. “The Biden campaign is keenly aware of the crypto issue and wants to create the perception that they are not the enemy of crypto,” another source said. The Biden campaign's change in tone comes after a backlash from within and outside the industry over his veto of a congressional effort to override accounting guidance (SAB 121) on cryptocurrency custody obligations for financial firms. There are also voices within and outside the campaign that say 'silence on the crypto issue could cost us the election,'” said Mr. Khan.

Meanwhile, Coinbase CEO Brian Armstrong recently met with more than a dozen Democratic and Republican senators in Washington over the past two days to discuss the crypto industry. “We discussed the need for clear regulations and consumer protections for crypto,” he said.

Crypto 'Fear-Greed Index' at 49...moving to neutral

Crypto data provider Alternative's self-estimated “Fear-Greed Index” rose four points from the previous day to 49. The improvement in sentiment moved the index from fear to neutral. The index indicates extreme fear in the market when it is close to zero, and extreme optimism when it is close

blockchain crypto cryptocurrency fear greed index 26 btc 55K (SpotedCrypto)

Crypto 'Fear-Greed Index' 26...Fear Continues , CME BTC Futures Gap $870

Crypto data provider Alternative's self-estimated “Fear-Greed Index” fell three points from the previous day to 26. The fear phase continues with a slight contraction in confidence. The index indicates extreme fear in the market, with readings closer to zero indicating extreme fear, and readings closer to 100 indicating

blockchain crypto cryptocurrency bitcoin reclaim 62K we wish (Spoted Crypto)

Bitcoin supports $60K, break of $62K will change the trend and close nearly $700M worth of shorts

Wall Street takes a breather ahead of Fed Chair Jerome Powell's speech at the Jackson Hole meeting. Bitcoin held the $60,000 level in the New York market on Dec. 22 (local time). Cointelegraph reported that the $60,000 support level held firm, supported by inflows into ETFs.

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