FameEX Morning Crypto News Recap | July 20, 2023

US Presidential Candidate Robert Kennedy Jr Proposes Bitcoin as Foundation for US Dollar
Presidential candidate Robert F. Kennedy Jr. suggests two bitcoin reforms if elected: backing the US dollar with the cryptocurrency and removing capital gains taxes on bitcoin-to-USD conversions. His objective is to establish America as the primary hub for bitcoin and cryptocurrency activities.

US Regulatory Authority Approves Valkyrie's Application for Spot Bitcoin ETF
Valkyrie's spot bitcoin ETF application has been accepted by the U.S. Securities and Exchange Commission (SEC), initiating an official review process. The recent acknowledgement of Blackrock's bitcoin ETF application further highlights the increasing demand and interest in these investment vehicles.

Former US President Donald Trump Raises Concerns of Economic Depression in Absence of His Election
Former US President Donald Trump warns of dire consequences for the US economy beyond a recession if he isn't re-elected. He also commits to expediting a swift agreement between Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy.

Nasdaq Delays Crypto Custody Plans Amidst Stringent US Regulatory Landscape
Nasdaq's CEO, Adena Friedman, announced the postponement of the company's cryptocurrency custody plans due to the difficult regulatory landscape in the US. The service, originally slated for launch in the previous quarter, has been delayed, as disclosed during a Q2 earnings call.

Spencer Schiff Challenges Father's Depression Warning, Labels it "Fearmongering," Anticipates Hyperdeflationary Boom and Bitcoin Crash
Spencer Schiff, son of gold advocate Peter Schiff, criticizes a Zerohedge article's Great Depression warning as fearmongering. He separates himself from his father's stance, projecting a hyperdeflationary economic boom. Interestingly, he predicts a possible near-zero plunge in Bitcoin's value in the future, diverging from his earlier support for the cryptocurrency.

Host Confirms BRICS Leaders' Agenda to Discuss Expansion at August Summit
South Africa's president confirms that the leaders of BRICS nations will discuss the expansion of the organization at the upcoming summit. With numerous countries expressing interest in joining, the August gathering presents an occasion to explore potential pathways for membership.

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