MSNBC’s Hayes: Proposed Bill Could Transfer $100B From Taxpayers To Bitcoin Owners

On a recent episode of MSNBC’s All In, host Chris Hayes said that a Senate bill could potentially result in a $100 billion transfer from taxpayers to Bitcoin owners.

What Happened: The bill, proposed by Sen. Cynthia Lummis (R-Wyo.), calls for the U.S. Treasury to acquire one million Bitcoins over a span of five years, with a holding period of at least 20 years.

Given the current Bitcoin trading price of $100,000, this acquisition would amount to $100 billion.

Hayes drew attention to the fact that Republican lawmakers have received substantial campaign contributions from cryptocurrency advocates, who are now looking to reap the benefits of their investment.

“They want…

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Funding Roundup: Drone imagery DePIN raises $11.5M

Two double-digit rounds led the funding announcements this week. The first came from Spexi, which is a DePIN for drone imagery. 

Spexi raised $11.5 million in a Series A led by Blockchange Ventures. The round comes two years after it raised a seed round. 

The firm developed “an innovative, blockchain-based ‘Fly to Earn’ network” back in 2017. It seeks to advance “the aerial imagery industry by building a scalable global network of drone pilots to capture and deliver frequently updated, data-rich earth, fully standardized imagery to both the public and private sectors — all with near-zero emissions.”

Read more: Solana Foundation exec departs for ‘the most…

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Crypto Hiring: Coinbase, 21Shares make key appointments

Coinbase’s former chief architect returned to the crypto exchange as its head of platform. 

Rob Witoff led the company’s security and infrastructure from 2014 to 2017 before creating cold storage company Unit 410, Coinbase Chief Operating Officer Emilie Choi wrote in a Dec. 2 blog post. He became the company’s newest executive team member this week. 

“Rob embodies what it is to be a builder,” Choi wrote. “He cares deeply about crypto, developer productivity and empowerment, and creating a seamless user experience.”

21.co also made an executive appointment — multiple in fact.  

The crypto-focused firm revealed it would have two distinct business units:…

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Why Trump Must End Capital Gains Tax On Bitcoin

In a world where digital assets are quickly becoming a cornerstone of global finance, the United States stands at a crossroads. The Trump administration has repeatedly emphasized its dedication to making everyday Americans more prosperous. From pledging to restore economic strength on the campaign trail to appointing forward-thinking advisors, the White House seems poised to usher in a new era of financial freedom. But if President Trump truly wants to supercharge wealth creation for average citizens—and establish the U.S. as the world’s leading “Bitcoin Superpower”—his administration must embrace a bold, transformative policy: eliminate capital gains taxes on Bitcoin.

… Read more on BitcoinMagazine