Illinois state legislators are crafting legislation to help the state welcome innovation in cryptocurrency. Illinois state Rep. Michael Zalewski (D) explains the market opportunity he sees in this space.
"It has the chance to make government a little more efficient and user friendly," said Zalewski about the power of blockchain technology. "It's appealing to us because it allows us to hold information in an individualized way."
Zalewski says its important as lawmakers to foster growth in this booming industry. Chicago, Illinois is home to the first Bitcoin futures contracts CBOE and CME.
With Christmas just days away and people rushing out to get last-minute shopping done, Derrick Kinney, host of the "Good Money" podcast, joined Cheddar to provide some financial tips so shoppers can avoid major holiday debt. He suggested people wait until after the holiday to give gifts if possible because stores will likely have discounted goods. For those looking to save a little extra cash around this time of year, Kinney also suggested that they adjust their "commoditized items" like auto insurance and shop for better deals.
Cheddar is looking back at the 12 biggest buzzwords of the year leading up to Christmas. The term for Day 10 is HODL. Definition: (verb) "hold on for dear life." It refers to retaining crypto assets that you own for an extended period, even throughout a highly volatile market movement.
The boys discuss President Biden's plans to send out free rapid tests as the testing supply chain starts to buckle ahead of the holidays. Also, why aren't Americans having more babies, and The Matrix returns.
Electric vehicle companies took a tumble Monday after Senator Joe Manchin killed Biden's 'Build Back Better' plan. Shares of Tesla, Lucid, and Rivian all fell rapidly as the plan had included significant incentives for the growing EV sector. Rich Steinberg, former executive at Nissan, BMW and Electrify America joined Cheddar's Opening Bell to discuss.
