1/3 Congress Accepted FTX Cash | Tom Brady Is Broke

Congress' FTX Problem: 1 in 3 Members Got Cash From Crypto Exchange's Bosses

CoinDesk reached out to all 196 lawmakers to ask what they would do with these funds, given that it became clear after they had received the money that according to FTX insiders who admitted guilt sprang from a colossal financial swindle.

Of the 196 members of Congress who accepted campaign contributions from FTX’s former executives, 73% didn’t respond to CoinDesk’s requests for comment, and so it’s unclear what they are doing with the money. Some of Congress’ most crypto-friendly members, including Rep. Tom Emmer (R-Minn.), who received $8,700 from Salame and Zach Dexter (the CEO of FTX US subsidiary LedgerX), have kept mum on the subject. Emmer has largely treated the FTX crash like a blip, continuing his rhetorical crusade on behalf of the industry in speeches and appearances since the exchange filed for bankruptcy in November.

'To the moon' or 'total crash'? Bitcoin price hits new 4-month highs

thecapitolist.com

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD briefly touching $21,594 on Bitstamp, marking its highest since Sep. 13. As bullish impulses continued to hit the chart, reactions stayed conservative amid an atmosphere of suspicion over the true source of Bitcoin’s return to form. One such cautious take came from Michaël van de Poppe, founder and CEO of trading firm Eight, who eyed behavior around a key exponential moving average (EMA) across crypto.

FBBA Featured Member

Orlando Based Montilla Law Joins The Florida Web3 Legal Fight - Florida Blockchain Business Association
Joel A. Montilla, founder and President of Montilla Law, recently joined the Florida Blockchain Business Associations Legislative Committee in order to bring
fbba.io

In The Know

Davos 2023: Crypto Is Down but Not Out
The crypto industry came back to Davos for the World Economic Forum's annual meeting daunted but undeterred.
coindesk.com

Bank of America Says CBDCs Are the Future of Money and Payments
Central bank digital currencies have the potential to revolutionize global financial systems, a report from the bank said.
coindesk.com

Ripple v. SEC case: Legal expert predicts verdict as final date nears
With both parties in the Ripple and SEC case making final submissions, the crypto community is awaiting the final ruling on the matter.
finbold.com

Analytical Data

🥇 Bitcoin's mining difficulty has increased by +10.26%, hits new all-time-high.

📉 The Savings Rate just collapsed down to 2.2%, the lowest level ever. Means Americans are running out of money. Last time it was this low was 2006-07. Right before GFC. Expect a big decline in consumer spending in 2023.

Events

Click here for events & meetups inJanuary 2023

Crypto News Heard Around the State

Tampa News

Tom Brady Wins At Football, But Loses Big at Crypto - TheStreet
The NFL star had promoted Sam Bankman-Fried's cryptocurrency ambitions before its infamous collapse.
thestreet.com

Orlando News

Female Disruptors Virtual Summit - A Step to Level the Playing Field for Women
/PRNewswire/ -- Female Disruptors is leveling the playing fields for women with its Unstoppable 2nd Annual Virtual Summit to be held on January 18, 2023...
prnewswire.com

Miami News

What happened in Miami tech in 2022? We’ve got the recap for you! - Refresh Miami
Refresh Miami is the #1 provider of local technology news in Miami. Refresh has been supporting and growing the #MiamiTech ecosystem since 2006 with 15,000+
refreshmiami.com

Disclaimer: Crypto Flo DOES NOT provide financial advice. All content is for informational purposes only. Crypto Flo is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any crypto-related asset is extremely risky and could result in significant capital losses.