NEW: Ousted Canopy Growth CEO Bruce Linton has filed to raise $150 million to form "Collective Growth"
The filing says the company, made up of former Canopy execs, seeks to combine federally permissible #cannabis companies
The ticker? CGRO
Not to be confused w/ Canopy Growth
The company's management team features:
- Canopy's former CEO
- Canopy's former CFO
- Canopy's former founder of its industrial New York hemp operation
"Canopy Growth" is listed 12 times in Collective Growth prospectus
None of those times is in the "risk factors" section
Bruce Linton will co-host YFi PM with me tomorrow on Yahoo Finance for the hour to discuss what Collective Growth has planned, how Canopy Growth might feel about it, and #PotStocks / #Cannabis in general
oh, plus Marianne Williamson joins us for #SuperTuesday as well!
TUNE IN!
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NEW: The Senate is expected to vote tonight on the massive Genius Act Stablecoin Bill
It could unlock the biggest wave of capital to ever come onchain in crypto’s history
Here’s why it matters 🧵
After a weird stumble, in which even the bill’s Democratic co-sponsor Kirsten Gillibrand voted against it last round, the bill is supposedly back on the tracks to pass with Democratic and Republican support
So what will that mean if it passes?
Stablecoins are just dollars on a blockchain
First, it was crypto companies issuing them, like @Tether_to and $USDT
But then, payment companies like @PayPal came around with $PYUSD
Now Big Banks are trying to figure out how they can get involved
New SEC Chair Paul Atkins just gave the most insanely bullish crypto speech in American history
Here's why it was not only a complete 180 from Gensler's disaster, but also reveals how the SEC will achieve @realDonaldTrump's wish to create the Crypto Capital of the World 🧵
Chair Atkins' speech opened the SEC's crypto roundtable and it was important because it was his first chance to really reveal his crypto goals as Chair
Atkins began by admitting the SEC must change course from Gary Gensler's failures:
"It is a new day at the SEC"
Atkins also echoed and endorsed the new approach started by SEC Crypto Task Force head Hester Peirce to create new rules and finally provide clarity for builders
"In order for the US to be the crypto capital of the planet, the Commission must keep pace with innovation"
It’s *usually* illegal for anyone in government to profit from their office, but Trump is capitalizing on a new way to sell influence
If you follow the money, the $TRUMP memecoin looks like a head fake
THIS is the real Trump honeypot you can get in on (but probably shouldn’t)🧵
First, the obvious: As Rob Blagojevich learned, directly auctioning off an office will land you in prison
But what if you were less obvious about it?
Here's my theory on how President Trump is doing it with crypto (which he confirmed by re-tweeting) ⤵️
Trump, Eric, Don Jr., and even Barron are currently overseeing the build out of one of the largest projects in crypto
The DeFi platform, @worldlibertyfi has already raised close to half a billion dollars via a token sale and outside investors — including foreign nationals