This Week on Crypto Twitter: Wall Street, Republican Candidates Embrace Crypto Ethos.

After last week Amazing conclusion In the months-long Bitcoin ETF saga, this week has seen major financial and political forces try to embrace the crypto ethos, for better or worse.

On Wednesday, Franklin Templeton, the digital assets group at the Wall Street investment firm, took over the company's Twitter account. Buzzy first Bitcoin ETFs of multiple positions.

The reference mentioned Dogwhipa viral Solana meme coin that has done incredibly well over the past month.

In response to such articles, Van Eck, another Wall Street investment firm that launched its own Bitcoin ETF last week, tried to cast some shade on its competitor by getting even hipper with the Djinn lingo.

The back-and-forth is sure to rattle some crypto enthusiasts, as financial titans are now encouraged to embrace crypto's rhetoric. But the discussion some to this day is not this reporter – a little sloppy.

Meanwhile, in politics, crypto found itself front and center in the Republican presidential primary this week, as several developments brought blockchain technology to the fore.

On Monday evening, after a strong showing in the Iowa caucuses, crypto advocate Vivek Ramaswamy dropped out of the race. Hastily accepted The frontrunner in the race is Donald Trump.

Crypto advocates had hoped that Ramaswamy's vote for the industry—following the boost—could bleed over into the Trump campaign. Before running to the podium to address Trump, Ramaswamy said he told the former president that he should ban American creation. Central bank digital currency (CBDC)

Indeed, in a speech in New Hampshire just hours later, Trump vowed to “absolutely allow” the creation of a CBDC in the US—proving a wave of crypto allies in Trump's inner circle like Ramaswamy.

Just one day later, so did Trump It has started. Another set of digital collections on chain—this time, stored as an ordinary number on the Bitcoin network.

The moves appear to solidify Trump's status as the most attractive presidential candidate for crypto heading into the key 2024 general election.

But the former president does not come without baggage. Trump currently faces 91 criminal charges in multiple state and federal jurisdictions. Additionally, based on the business mogul's past statements and actions, many in the Washington And Above There are fears that his election could threaten the stability of American democracy.

Many in crypto may soon have to choose between supporting industry and other priorities. Some have made this decision.