💰 Tesla’s surprising $600M profit

thanks to new accounting rules!

January 31, 2025

Welcome to Fintech Wire — your quick guide to what’s shaping finance and tech today.

What we’ll cover today:

🔥 Crypto PAC Fairshake's $116M plan to influence elections

💰 Tesla’s surprising $600M profit—thanks to new accounting rules

📢 Fintech leaders weigh in on the hottest trends

📅 Upcoming fintech events you can’t miss!

Fairshake, a political action committee (PAC) backed by major cryptocurrency firms like Coinbase and Ripple, has amassed $116 million to influence the 2026 U.S. elections. This move aims to keep digital assets prominent in political discussions.

🚨 Breaking News: Fairshake's substantial fund is set to make it a significant player in the upcoming midterm elections, striving to shape favorable crypto regulations.

⚡ Wire Simplified:

  • Fairshake is a PAC supported by crypto companies like Coinbase and Ripple.

  • They've gathered $116 million to spend on the 2026 U.S. elections.

  • Their goal is to promote laws that clearly define crypto regulations.

  • The crypto industry is showcasing its financial power to ensure its interests remain prioritized in politics.

✔️ Straight to the Point:
Fairshake's hefty campaign fund underscores the crypto industry's determination to influence U.S. politics and secure favorable regulations.

🗳️ Do you think Fairshake's political spending will benefit the crypto industry?

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Tesla, the electric car company led by Elon Musk, reported a $600 million profit, thanks in part to a change in how digital assets are accounted for.

🚨 Breaking News: Tesla's recent profit surge is partly due to new accounting rules for digital assets, highlighting the impact of regulatory changes on company earnings.

⚡ Wire Simplified:

  • Tesla made $600 million in profit recently.

  • A change in accounting rules for digital assets contributed to this profit.

  • The new rules allow companies to report the current value of their digital assets.

  • This change can make a company's earnings look better if their digital assets have increased in value.

✔️ Straight to the Point:
Tesla's profit received a significant boost from new accounting rules for digital assets, reflecting how regulatory changes can influence financial results.

🗳️ Do you think accounting rule changes should impact company profits?

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❝

In two months the open source community will make

R1 5x faster and 30% more performant

Yes, that should be enough to overtake o3 and be #1 on the leaderboard!! 🚀

❝

When seeking abnormal returns, abnormalities are a feature not a bug.

Few.

MIT Sloan Fintech Conference 2025
The MIT Sloan Fintech Conference is a premier student-run event that brings together experts from finance, technology, and policy to discuss the latest trends in FinTech, including open banking, AI, and digital currencies. The conference features keynotes, networking opportunities, and a startup pitch contest.
Date: To be announced | Location: Cambridge, MA, USA

Book your seat here

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