Robert Kiyosaki Reveals the Assets He Believes Will 2x by 2026
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Martin O’Malley stated that Bitcoin might be a Ponzi Scheme while supporting social security. Bitcoin tests $94K as analysts debate a breakout as technicals point to both sides. Former Maryland Governor Martin O’Malley sparked controversy during a Social Security Works event after suggesting Bitcoin may be a Ponzi scheme. During the political rally, O’Malley instantly sought to equate the candidate’s financial security-safety social security to the prevailing cryptocurrency and dismissed it by stating, “It is not a Ponzi scheme. Bitcoin might be, but not social security.” This remark came to light shortly after he suffered defeat in the bid for the chairmanship of the DNC in 2025. Social Security is not a Ponzi scheme. Bitcoin might be, but not Social Security. Social Security has never missed a payment in 90 years. – @MartinOMalley pic.twitter.com/4N3tqMDPVy — Social Security Works (@SSWorks) May 5, 2025 Republican leaders have become increasingly positive and, in some cases, enthusiastic about cryptocurrencies, while Democratic politicians continue to express concern about the alleged risks of digital currencies. This is in light of rising criticism from the Congress Democrats leading to stablecoins and even other aspects of the crypto industry. State-Level Bitcoin Reserve Efforts Collapse Florida’s attempt to allocate public funds to Bitcoin has ended up being futile since both House Bill 487 and Senate Bill 550 were withdrawn by the Florida legislation at the end of the session on the 3rd of May. The proposals sought to use up to 10% of some state reserves for Bitcoin, but none of them was voted on. Florida is the latest US state to pull out of efforts to establish a Bitcoin treasury. The legislative attempts in Arizona, Oklahoma, South Dakota, Montana, North Dakota, Pennsylvania, and Wyoming experienced setbacks as they were stalled or vetoed. In Arizona, SB 1025 passed through…
Filed under: News - @ May 7, 2025 5:29 pm