🇺🇸 A Ban on CBDCs

Happy Friday, In A Nutshell this week:

• 🇺🇸 A Ban on CBDCs

• 🤔 Is Rumble Dethroning YouTube?

• 🌎 Bitcoin Steals the WEF Show

• 🎯 SEC Rescinds Rule

• …and much more

If you enjoy the newsletter, please pass it on to a friend, you can earn free sats (see bottom of the email).

 🚀⏰ Today’s news should be a ~3.21-minute read (543 words).

🧠 Quote Of The Week

“Most of the important things in the world have been accomplished by people who have kept on trying when there seemed to be no help at all.”

– Dale Carnegie

🇺🇸 A Ban on CBDCs

President Trump signed an executive order to strengthen American leadership in digital assets this week. It promotes blockchain innovation, protects individual rights, and supports dollar-backed stablecoins while prohibiting the establishment, issuance, circulation, and use of a Central Bank Digital Currency (CBDC) within the jurisdiction of the United States.

The same week the Bank of England launched a "Digital Pound Lab" to experiment with a potential central bank digital currency.

🤔 Is Rumble Dethroning YouTube?

Rumble founder Chris Pavlovski confirmed that they will launch Rumble Wallet, a crypto wallet supporting Bitcoin and USDT, which will provide creators with new ways to transact. Creators can receive fan tips and subscription income through BTC and USDT.

This news follows the platform’s first Bitcoin purchase last Friday as part of its Bitcoin strategy.

🌎 Bitcoin Steals the WEF Show

The World Economic Forum happened this week in Davos. It was flooded with discussions about Bitcoin. Notably, Larry Fink BlackRock CEO stated:

"If you’re frightened of the debasement of your currency, or… of the economic or political stability of your country, you can have an internationally based instrument called Bitcoin that will overcome those local fears... [Bitcoin] could be $500k, $600k, $700k.”

🎯 SEC Rescinds Rule

The U.S. Securities and Exchange Commission (SEC) has revoked Staff Accounting Bulletin 121 (SAB 121), a 2022 rule that required financial firms to record customers' crypto assets as liabilities on their balance sheets. This move is seen as a win for Bitcoin, potentially making it easier for banks to offer Bitcoin and crypto custody services.

Here is a short thread to explain the significance. Preston Pysh has also done a deep dive article showing the risks.

🇬🇧 The UK Debt Death Spiral

Ray Dalio, billionaire founder of Bridgewater Associates, has warned that the UK is heading into a “debt death spiral,” where rising borrowing leads to a self-reinforcing cycle of worsening debt over time.

It’s a sentiment familiar to those in Bitcoin, Greg Foss has been sounding the debt spiral alarm for fiat currency for years. Explainer video, old but gold.

🔥 What else have you missed?

1. Ross Ulbricht is released after 11 years in prison.

2. Senator Lummis will chair the Senate Banking Subcommittee on Digital Assets.

3. The Decompression of Bitcoin by Preston Pysh (30 mins).

4. David Sacks explains the purpose of the Bitcoin and crypto Executive Order signed by Trump.

5. Nasdaq-listed Fathom Holdings has board approval to invest up to 50% of its surplus cash in Bitcoin.

🍾 Friday Fun!

This week’s crossword is now live - Play here

🧞‍♂️ Your wish is our command