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27 September 2020

Good for Bitcoin? US Senate rejects stimulus without $1,200 checks

Good for Bitcoin? US Senate rejects stimulus without $1,200 checks


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The new proposal, dubbed a “skinny” stimulus bill, was rejected with a 52-47 Senate vote.

Republican Senator Rand Paul, along with Senate Democrats, blocked the new package that did not include $300 billion for stimulus checks.

When a bill without small business support and individual checks was presented, the Senate rejected it.

There is a high probability that the Senate would approve a bill that includes direct payments by the month’s end.

If the bill had gone through with no direct payments, it would have not had much impact on stocks, with which Bitcoin has shown a tight correlation since the March crash.

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cointelegraph.com
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