The Daily Data Room: Thursday, July 25th, 2024

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Today's headlines include Ferrari driving into Europe with crypto payments as the industry embraces digital assets, Russian lawmakers passing a bill legalizing Bitcoin mining and crypto payments for international trade, Lummis proposing that the Fed adopt Bitcoin as a reserve asset at the Nashville conference, and Winklevoss expressing doubts about Kamala Harris' potential pivot on Bitcoin amid rumors.

• Ferrari will expand its digital asset payment program for luxury sports cars to its European dealer network by the end of this month.

• Russia has enacted a state bill that legalizes Bitcoin mining and allows cryptocurrency to be used for international trade.

• Wyoming Senator Cynthia Lummis proposes having the Federal Reserve keep Bitcoin as a strategic reserve asset, similar to gold and other currencies.

• Gemini co-founder expressed concern about Vice President Kamala Harris' move to endorse Bitcoin and the cryptocurrency business.

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