Senator Cynthia Lummis (R-WY) has given a specific date for when her long-awaited crypto regulator bill will be unveiled. The legislation will help to sort cryptocurrencies under appropriate regulatory labels and federal jurisdictions. According to a tweet from the senator on Friday, the final version of her bill will be released on Tuesday, June 7th. Lummis has spent months working on the bill alongside Senator Kirsten Gillibrand (D-NY), announcing it as early December 2021. The bill will reportedly provide sweeping…
Tom Brady, the Tampa Bay Buccaneers quarterback, said he’s open to receiving part of his salary in Bitcoin, Ethereum, or Solana.
During a SiriusXM podcast this week, Tom Brady said he would want to receive part of his salary in crypto. He disclosed the possibilities lie around BTC or ETH, or SOL.
Brady’s Reason for Choosing Cryptocurrency
During the podcast, Brady stated that he thought cryptocurrency was a fantastic thing in the world. Especially with the way the world is evolving and becoming more digital over the years. The seven-time Super Bowl Champion added that these digital currencies are significant since several digital mediums are already impacting these currencies.
Tom Brady is not new to the crypto realm. Furthermore, he has had an interest in the cryptocurrency industry in the past. Brady and his wife, Gisele Bundchen, took an equity stake in a crypto exchange, FTX, in June 2021. Leading the exchange is Sam Bankman-Fried.
The five-time Super Bowl Most Valuable Player admitted at the time that it was an exciting time in the crypto world. He also added that the innovative FTX team helped him envision the endless possibilities that come with cryptocurrencies.
Nonetheless, Sam Bankman-Fried is a well-known crypto enthusiast, especially with Solana. In fact, in January 2021, the exchange operator offered a bearish Solana trader to regain his Solana tokens for $3 per token.
Even though the trader refuted Bankman-Fried’s offer, the exchange operator remains bullish on the Solana project.
Sam Bankman-Fried might have played a key role in opening Brady’s eyes to the limitless potentials of cryptocurrencies. In August 2021, Bankman-Fried stated that Solana is an excellent product.
He added that in comparison to other blockchains, Solana might be the only one capable to host gigantic applications eventually.
Other NFL Crypto Enthusiasts
Apart from Brady, other potential NFL players have had a keen interest in cryptocurrencies in the past.
For example, Carolina Panthers, Russel Okung, decided in December 2020 to start exchanging half of his NFL salary into Bitcoin. Okung reaped the rewards of his decision during a recent Bitcoin bull run.
Sean Culkin, Kansas City Chiefs Tight end, decided in Q1 of 2021 to convert his entire NFL earnings for Bitcoin. He was the first National Football League player to transfer his whole NFL salary into crypto publicly.
It seems the move of NFL players switching to cryptocurrencies is only an understatement. That’s because even the NFL franchise is joining the bandwagon too. The New York Football Giants have already partnered with Grayscale, a crypto asset management firm.
It appears to be just the beginning of Brady’s journey with cryptocurrencies. The NFL Star recently launched his own NFT platform called Autograph.