This Week on Crypto Twitter Elon Musks Diamond Hands Tom

This Week on Crypto Twitter: Elon Musk’s Diamond Hands, Tom Brady Replies to Vitalik

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Illustration by Mitchell Preffer for Decrypt

As spring arrives in the northern hemisphere and temperatures warm up, so does the cryptocurrency markets, with most of the leading cryptocurrencies up since last Sunday after a stagnant winter. But get even more attention? Elon is Elon.

On Monday CEO of Tesla and SpaceX asked his followers for “thoughts on the likely rate of inflation over the next few years” and was inundated with responses – some serious, some just a shilling of Musk’s favorite memcoin, DOGE – including a tweet from MicroStrategy CEO and Bitcoin maxi-hodling Michael Saylor.

Saylor tweeted, in part: “USD consumer inflation will continue near all-time highs and asset inflation will double the rate of consumer inflation.”

Musk answered in 12 minutes: “It’s not out of the question that you’ll come to that conclusion,” he added shortly after, “As a general rule, it’s generally better for those who seek advice in this thread to own physical things, such as a house or shares in the companies you think of making good products than dollars when inflation is high. I still own my bitcoins, Ethereum or Doge and won’t be selling them by the way.”

So there you have it: almost a year has passed and Musk still has diamond hands.

In politics

Bitcoin Custodian Senator Cynthia Lummis of Wyoming announced that her new bitcoin bill includes a tax exemption for purchases made with cryptocurrencies up to $600. She tweeted: “Can you imagine tracking every cup of coffee or hamburger purchase for foreign exchange gains or losses? [sic] during the deal? (Nightmare).”

Lummis, who is currently working on the inclusion of cryptocurrencies in the US tax code, has been developing the Responsible Financial Innovation Act since last year. finishing touches on topic.”

In politics, Brian Solstin is a proponent of STEM and privacy. announced that he is running for the US Senate and that establishing BTC as legal tender in the US “will be my main goal on the Senate floor.”

On Wednesday, Tom Emmer, a Minnesota Republican and Chairman of Blockchain Coucus, shared “lots of advice” about the U.S. Securities and Exchange Commission making “overwhelming” requests to the “crypto community,” saying such measures could “stifle innovation.” .”

Emmer then sent a letter to the SEC signed seven colleagues, asking the federal agency to clarify how it collects information from crypto-related companies, as well as requiring that SEC practices meet “the standards set by the Paperwork Reduction Act, which limits the government’s burden.” rests on private business and citizens.”

On Thursday, Massachusetts Senator Elizabeth Warren introduced a bill designed to close potential loopholes that could allow Russian oligarchs to use cryptocurrency to circumvent sanctions.

Warren, in part, tweeted: “We cannot allow Putin and his henchmen to hide their wealth and evade economic sanctions using cryptocurrency.”

The bill is not without criticism. On the day of the announcement, Washington-based think tank Coin Center said the law’s vague language would “impose drastic restrictions on the cryptocurrency ecosystem under the guise of increasing sanctions against Russia for its unjustified invasion of Ukraine.” Coin Center also called the bill “unnecessary, excessive, and unconstitutional.”

Buterin on Brady

Last week, one unfortunate soccer lover paid $518,628 for a soccer ball that—at least for a while—was used for the last touchdown pass of Tom Brady’s career. Few people knew that the next day, the Tampa announced his retirementwhich renders the ball almost useless.

Bitcoin maxi Brady (who has red laser eyes in his Twitter profile picture) heard of the failed purchase and tweeted to crypto exchange FTX, “…can we donate bitcoin to a charity of this person’s choice?!” (Brady has a stake in FTX.)

On the same day, Ethereum creator Vitalik Buterin tweeted four hilarious responses to his appearance on the cover of Time. There was a common theme in the tweets: everyone compared his appearance to that of Tom Brady.

Buterin wrote: “I didn’t even know who Tom Brady was, I had to ask around. I assumed it was the actor from Mission: Impossible.

Brady replied to Buterin: “How are you, Vitalik! You may not know me, but just wanted to say that I’m a big fan of yours. thank you for everything you have built in the world of crypto, otherwise @Autograph it would be impossible. I hope to meet you someday…”

Brady included a goat emoji, where GOAT stands for Greatest of All Time, perhaps a wink to Vitalik from another peaking in his field.

Finally, Crypto: The Musical is a thing and it’s coming soon.

Twitter user @amandacassatt announced the news on Thursday: “Alpha Leak – @serotonin_hq is producing Crypto: The Musical, the first DAO-funded Broadway musical that tells the story of one woman who entered web3.” In her tweet, she also mentions that “DAO is launching in June” and that the project will “reward investors with profit.”

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