Martin Gruenberg, Chairman of the U.S. Federal Deposit Insurance Corp. (FDIC), announced today that he’ll be stepping down on January 19, 2025, one day before Trump takes office.

I’d like to take this opportunity to tell Mr. Gruenberg not to let the door hit him on the way out.

The FDIC chair was one of the key players behind Operation Chokepoint 2.0 (as well as the first Operation Chokepoint), which included the unlawful debanking of a number of Bitcoin and crypto companies, which almost spurred a global financial crisis.

During this tenure, Gruenberg directed the FDIC to take unlawful action against banks that served the Bitcoin and crypto industry seemingly because the industry was politically unfavorable.

Gruenberg said he’d be leaving his post in May of this year, after reports of sexual harassment, bullying and discrimination occurring within FDIC under his watch surfaced but didn’t offer a date for his departure until today.

A number of prominent voices in the Bitcoin and crypto industry spoke out against Gruenberg, over the past two years. Most prominent among them was Castle Island Ventures partner Nic Carter.

The resignation of choke point Marty was bigger news than the ETH ETF. Here’s why: https://t.co/g1KVX4ASMn

— nic carter (@nic__carter) May 21, 2024

While Gensler will likely be remembered as the most disliked regulator by the Bitcoin and crypto industry under the Biden Administration, Gruenberg will be a close second.

As we move forward with a new administration that has pledged to be more fair to the Bitcoin and crypto industry, let us take a moment to celebrate the exit of Gruenberg, a corrupt bureaucrat who tried and failed to stop a burgeoning industry by abusing his power.

If you have been following Bitcoin news today, like I have, you can not be more bullish on Bitcoin. Seriously, what a time to be alive!

Just today:

• MicroStrategy purchased another 51,780 BTC for $4.6 billion and announced its plans to raise $1.75 billion to buy more bitcoin
• Semler Scientific bought another 215 BTC for $17.7 million
• Genius Group launched its Bitcoin treasury by purchasing 110 BTC for $10 million
• MARA Holdings announced a $700 million raise to buy more BTC
• Metaplanet issued ¥1.75B debt offering to buy more BTC
• Global healthcare group Cosmos Health adopted BTC as a treasury reserve asset

Insane, right?

The corporate Bitcoin adoption is going absolutely parabolic. The race among public companies to stack the most satoshis has kicked into hyperdrive.

Some other news:

• Donald Trump is meeting with Coinbase CEO Brian Armstrong and is expected to discuss appointments
• Donald Trump’s media $DJT in talks to purchase crypto trading platform Bakkt
• Options trading on BlackRock’s spot Bitcoin ETF could be listed as soon as tomorrow

It’s only Monday, and my head is already spinning! With this tidal wave of positive adoption, I’d be downright shocked if we don’t blast through $100,000 per Bitcoin this week.

I expect a flood of more bullish news and serious FOMO buying pressure this week. Seriously, tighten your seatbelts, folks—with this momentum, Bitcoin hitting a hundred grand is coming sooner than you imagined!

This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

A co-worker recently told me about NiHowdy, a platform that helps you save on prescription medication while earning bitcoin rewards in the process.

For context, I’m a fan of bitcoin rewards programs like Fold, which let you earn bitcoin for making everyday purchases (I can’t help but appreciate deals like this — I grew up with a coupon-clipping mom.) I also like that NiHowdy differentiates itself from other bitcoin rewards companies by offering a discount on a product.

While I’ve yet to use NiHowdy, it seems fairly simple to do so. You simply sign up through the company’s website, where you’ll obtain either a discount card or a QR code that can be scanned at selected pharmacies. You can also use the website to compare prices and find the cheapest locations to purchase prescription medication (the company is also working on a mail-order service).

When you pay for your prescription, you’ll earn 3% back in bitcoin, which automatically gets deposited into your Coinbase account. (While I’d prefer NiHowdy had partnered with a different exchange, as I don’t like how Coinbase partners with government agencies to surveil transactions, this isn’t a deal breaker for me.)

NiHowdy sees itself as fighters of Big Pharma…

At Nihowdy, we're not just a prescription savings platform. We're warriors in the battle against big pharma, fighting for your right to reclaim the savings that are rightfully yours. #NiHowdy #PrescriptionSavings

Join us in reclaiming the savings that belongs to you. 💪💊 pic.twitter.com/rTP3MgUWLZ

— NiHowdy (@nihowdyrx) May 31, 2024

…which I’d say is a bit of a stretch, but it does seem to provide a good way to save money on potentially burdensome prescription drug costs while at the same time stacking sats.

The ultimate hack here would be if you could use your Fold debit card to pay for your prescriptions, earning some extra sats on top of the 3% back in sats you earn through NiHowdy.

If that’s possible, I might get so pumped that I’ll need to go and refill my sedative prescription.

This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.