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US Senate Passes $3.5T Budget Plan
Senators voted along party lines to support a blueprint for President Joe Biden's agenda.
Updated Sep 14, 2021, 1:38 p.m. Published Aug 11, 2021, 8:41 a.m. 1 min read
The U.S. Senate voted 50-49 along party lines early Wednesday to support a $3.5 trillion blueprint for President Joe Biden's agenda.
- The bill paves the way to expand government's role in trying to reduce poverty, protect the environment and improve care for the elderly, Bloomberg reported.
- Bitcoin barely reacted to the vote, holding above $46,000.
- The bill follows a $1 trillion infrastructure bill that the U.S.. Senate passed Tuesday and that included contentious crypto tax-reporting provisions.
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The Wall Street investment bank expects a wave of crypto and blockchain public listings over the next two years as institutional investors shift their focus from speculative trading to real-world financial infrastructure.
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- Jefferies expects a surge of crypto and blockchain-related public listings over the next two years, projecting the sector could become a $1 trillion public market within five years.
- Institutional investors are shifting focus from bitcoin price speculation to the integration of blockchain infrastructure into core financial systems, including tokenized money...
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