Best crypto memes of the day – June 13th

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  TL;DR Breakdown US Treasury Secretary Janet Yellen says the US remains confident in USD’s dominance, even amidst BRICS currency speculation. Yellen believes no immediate alternatives, including the proposed BRICS currency, can displace the dollar’s global standing. The BRICS currency proposal is a long-term ambition, not an immediate reality, aimed at strengthening individual national currencies. Description Despite ongoing speculation about the potential advent of a new currency proposed by the BRICS nations—Brazil, Russia, India, China, and South Africa—U.S. Treasury Secretary Janet Yellen continues to confidently underscore the enduring strength of the U.S. dollar. The conjecture surrounding this new currency, particularly the notion that it may be backed by gold, has done … Read more Despite ongoing speculation about the potential advent of a new currency proposed by the BRICS nations—Brazil, Russia, India, China, and South Africa—U.S. Treasury Secretary Janet Yellen continues to confidently underscore the enduring strength of the U.S. dollar. The conjecture surrounding this new currency, particularly the notion that it may be backed by gold, has done little to unnerve Yellen who firmly believes in the resilient position of…

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• Stablecoin issuers spending Millions on secret lobbying exposed

  TL;DR Breakdown The focus on stablecoins in Washington, D.C. has intensified as pressure mounts to establish a regulatory framework for these digital assets pegged to the U.S. dollar. Since the beginning of 2022, Tether has spent approximately $600,000 on lobbying the U.S. Senate and House of Representatives, with quarterly spending of $120,000.  Circle initiated lobbying activities with strategic consulting firm Invariant in late 2021 and has spent a minimum of $560,000 since then. Paxos, the former issuer of the Binance stablecoin BUSD, has allocated approximately $300,000 to lobbying efforts since early 2022.  Stablecoin issuers such as Tether, Circle, and others have invested significant amounts of money in lobbying efforts on Capitol Hill since the start of 2022, according to recent data. The focus on stablecoins in Washington, D.C. has intensified as pressure mounts to establish a regulatory framework for these digital assets pegged to the U.S. dollar. Tether has utilized the law offices of Michael Jason Lee and engaged the services of FTI Government Affairs, a consulting firm with bipartisan connections, for its lobbying activities. Since the beginning of 2022,…

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• Joe Biden rejects Republican’s debt ceiling offer

  TL;DR Breakdown Biden labeled the latest Republican proposal on raising the government’s debt ceiling as “unacceptable”, suggesting it could risk a U.S. debt default. He remains open to spending reductions provided they come with appropriate tax adjustments; he is set to discuss this with House of Representatives Speaker, Kevin McCarthy. President Joe Biden, in a crucial standoff against the GOP over the issue of raising the government’s debt ceiling, has publicly labeled the Republican proposal as “unacceptable.” The rejection came during the G7 summit in Hiroshima, Japan, adding an international dimension to the domestic economic debate. Biden’s disapproval of the GOP’s fiscal strategy Biden, the Democratic incumbent, criticized the GOP’s offer, suggesting that certain Republicans might even be betting on a U.S. default on its debt to obstruct his potential re-election in 2024. He expressed his willingness to make reductions in public spending, provided they were combined with necessary adjustments to taxes to strike a balanced deal. His remarks came as the June 1 deadline looms ominously over the federal government, the date when the Treasury Department has predicted it…

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• Cosmos Price Prediction 2023-2032: Will ATOM Recover ATH?

  Contents hide 1 Cosmos Price Prediction 2023-2032 1.1 How much is Cosmos (ATOM) worth? 2 Cosmos price analysis: ATOM corrects higher at $8.45 after a dip to $8.10 2.1 Cosmos price analysis on a daily chart: ATOM bounces off key support of $8.00 2.2 ATOM/USD technical analysis on a 4-hour chart: ATOM prices consolidate near $8.5 2.3 What to expect from Cosmos price analysis 3 Cosmos Price Prediction by Cryptopolitan 3.1 Cosmos Price Prediction 2023 3.2 Cosmos Price Prediction 2024 3.3 Cosmos Price Prediction 2025 3.4 Cosmos Price Prediction 2026 3.5 Cosmos Price Prediction 2027 3.6 Cosmos Price Prediction 2028 3.7 Cosmos Price Prediction 2029 3.8 Cosmos Price Prediction 2030 3.9 Cosmos Price Prediction 2031 3.10 Cosmos Price Prediction 2032 3.11 Cosmos Price Prediction by Wallet Investor 3.12 Cosmos Price Prediction by Coincodex 3.13 Cosmos Price Prediction by Gov Capital 4 Cosmos Overview 5 Cosmos Price History 6 Cosmos Recent News/Opinions 7 More on the Cosmos Network 7.1 What is Cosmos coin? 7.2 How many ATOM coins are in circulation supply? 7.3 What is the Cosmos blockchain network? 7.4 Key…

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• BRICS Sherpa: US dollar still key global currency

  TL;DR Breakdown The upcoming BRICS summit in Johannesburg will focus on increasing trade using their national currencies, not replacing the U.S. dollar. The dollar remains a dominant global currency, and BRICS recognizes its prominence. The summit will also discuss potential expansion by inducting more countries into BRICS. While China is keen on rapid expansion, India and Brazil are more cautious. Description The upcoming summit of BRICS – the coalition of Brazil, Russia, India, China, and South Africa – set in Johannesburg, has been generating waves of anticipation. One of the hottest topics surrounding it? The role of the U.S. dollar in global trade. While various speculative narratives have been making rounds, South Africa’s top representative for … Read more The upcoming summit of BRICS – the coalition of Brazil, Russia, India, China, and South Africa – set in Johannesburg, has been generating waves of anticipation. One of the hottest topics surrounding it? The role of the U.S. dollar in global trade. While various speculative narratives have been making rounds, South Africa’s top representative for BRICS relations, Anil Sooklal, has shed…

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