Crypto legislation just had a ‘gigantic’ week. Here’s why.
00:00 Speaker A
Bitcoin still holding above the $100,000 level but losing some ground as stocks slump amid increasing Mideast tension. We’re taking a look at crypto related stocks as well, including Coinbase, also largely lower along with the broader market. So, does this spell the end of the risk on rally for right now or could impending legislation and a crypto-friendly administration prove to be a boost? I want to bring in Brady Dale, Axios’s crypto reporter here. Brady, good to have you back on the program with us. Just take us into your evaluation of what the mindset around riskier portions of the investment thesis, riskier assets like crypto, especially within the broader playing out of the Middle East tensions right now. How…
