Shocking Rejection: McDonald’s Dismisses Groundbreaking Bitcoin Proposal at Shareholder Meeting
In a surprising turn of events, fast-food behemoth McDonald’s has decided to sideline a shareholder proposal urging the company to explore Bitcoin investment. Imagine the aroma of fries mixed with the electrifying buzz of crypto – a combination that might have been, but for now, remains just a thought. The National Center for Public Policy Research, a McDonald’s shareholder, put forward the idea, suggesting that embracing Bitcoin could solidify McDonald’s market leadership. But the golden arches seem to be staying grounded in tradition for now. Let’s dive into what exactly happened and what it means for corporate crypto adoption.
The core argument from the National Center for Public Policy Research was simple yet compelling: as more and more major corporations are dipping their toes (or diving headfirst) into the cryptocurrency waters, shouldn’t McDonald’s also consider adding Bitcoin investment to its financial strategy? Their proposal highlighted the growing trend of companies diversifying their balance sheets with digital assets, positioning it as a move to stay ahead of the curve and maintain a competitive edge. Think of companies like MicroStrategy or Tesla, who have made significant Bitcoin allocations. The proposal suggested McDonald’s could benefit from similar strategic diversification. Here’s a breakdown of the rationale:
Essentially, the shareholder group believed that a Bitcoin proposal was a strategic move for McDonald’s to future-proof its finances and brand image in an increasingly digital world.
Despite the seemingly logical arguments presented in the Bitcoin proposal, McDonald’s didn’t bite. The company officially announced that this particular proposal would not be up for discussion at their upcoming May shareholder meeting. This wasn’t a simple oversight; McDonald’s actively filed documentation with the Securities and Exchange Commission (SEC) to ensure the proposal was kept off the agenda. The SEC, in turn, validated McDonald’s stance, confirming the company’s right to decide which proposals are discussed at its shareholder meetings. So, why the cold shoulder from the house of the Big Mac?
Several factors might be at play:
This situation highlights interesting aspects of corporate governance and the role of the shareholder meeting. Shareholder meetings are platforms where company management and shareholders can interact, discuss company performance, and vote on important matters. Shareholders have the right to submit proposals, but not all proposals are guaranteed to be discussed or voted upon. Companies, like McDonald’s, have mechanisms and rights, often validated by regulatory bodies like the SEC, to manage the agenda of these meetings. This instance shows the balance of power between shareholders and corporate management. While shareholders can voice their opinions and suggest strategic directions, ultimately, the company’s leadership has significant control over what gets formally considered and acted upon.
While McDonald’s decision might seem like a setback for proponents of corporate Bitcoin adoption, it’s crucial to view it in perspective. Not every company will, or should, jump into Bitcoin immediately. McDonald’s specific business model, risk appetite, and strategic priorities differ from companies like tech firms or those in the financial sector that have been quicker to adopt Bitcoin. However, this episode does underscore several key points regarding corporate crypto strategies:
Whether you’re a shareholder, a business owner, or simply curious about the intersection of crypto and corporations, McDonald’s situation offers some valuable insights. Thinking about corporate Bitcoin adoption for your own business or investments? Consider these points:
Ultimately, the decision to adopt Bitcoin or any cryptocurrency is a complex one, requiring careful consideration of various factors unique to each business.
McDonald’s decision to not discuss the Bitcoin proposal at its shareholder meeting isn’t necessarily a definitive ‘no’ to crypto forever. It’s more accurately a ‘not now.’ It reflects a cautious approach from a major corporation, prioritizing its current strategies and risk management. However, the conversation around corporate Bitcoin adoption is far from over. Shareholder interest is evident, and the broader trend towards digital assets is undeniable. While you might not be able to buy your Big Mac with Bitcoin just yet, the seeds of change are sown. Keep watching this space – the future of corporate finance and cryptocurrency is still being written, one proposal, one shareholder meeting, and one SEC filing at a time.
To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption.
Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Bitcoin Set to Go ‘Nuclear’ as Governments Flood the World With Fiat, Says Strike CEO
Major stock indexes slumped between 2.81% and 5.04% on Thursday in the wake of Wednesday’s afternoon rally. The crypto sector retreated by 3.54%, with bitcoin ( BTC) trading below the $80,000 threshold. Simultaneously, gold gained 2.58% over the past 24 hours, rising to $3,164 per ounce by 2:30 p.m. Eastern Time. In a recent video, Strike CEO Jack Mallers expressed a strong belief in bitcoin’s potential to decouple from traditional financial markets.
He said that this was primarily because bitcoin is not tied to earnings like stocks or companies. Mallers argues that as countries and investors seek scarce reserve assets amidst economic uncertainty, bitcoin — alongside gold — will become increasingly attractive. Mallers advises bitcoiners to stay calm during market volatility, emphasizing the importance of understanding the nature of what they own.
“Understand what you own,” Mallers explained. “Understand what we’re living through right now. Let the stock market puke and figure itself out.” He criticized Wall Street, describing it as filled with over-leveraged hedge fund managers who panic at minor market downturns and immediately call for bailouts. Mallers contrasts this with President Trump’s policies. Mallers insisted:
Trump means business, whether you like it or not. Trump wants to help the poor American. Trump wants to create factory jobs. Trump wants to produce stuff here. Trump wants to fix the deficit problem.
Mallers believes these policies, along with the need to stimulate the economy, will lead to significant money printing by the government. This debasement of fiat currency, according to Mallers, will be highly beneficial for bitcoin. As governments print more money to manage debt and economic challenges, the value of fiat currency will be debased, while bitcoin, being a scarce digital asset, will see its price surge dramatically.
Mallers concluded:
They’re gonna have to print so much money — they’re gonna have to. Bitcoin is really priced with how much fiat currency is sloshing around in the world. And in order for all of this to play out and work, we have to debase our currency, we have to devalue our debt, and we have to create more fiat. It’s gonna send bitcoin nuclear.
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South Korea’s Top Banks Demand Piece of 16M User Crypto Pie
South Korea’s cryptocurrency market is booming, with more than 16 million citizens—over 30% of the population—now holding crypto exchange accounts.
This huge user base has led the country’s top traditional banks to push lawmakers for regulatory changes that they say currently block fair competition and limit innovation in the digital asset space, as per a report from local news outlet Money Today .
At a high-level meeting held this week, executives from the nation’s largest financial institutions—KB Kookmin, Shinhan, Hana, Woori, NH Nonghyup, Jeonbuk Bank, and internet-only Toss Bank—urged lawmakers from the ruling People Power Party to revisit the one-to-one partnership rule between banks and crypto exchanges.
Woori Bank’s President Jung Jin-wan argued that local exchanges should be allowed to partner with multiple banks, citing consumer limitations and institutional demand.
Under current law, each crypto exchange in South Korea must partner exclusively with one bank to offer fiat-to-crypto services, a regulation aimed at preventing money laundering and ensuring real-name verification.
While effective in enforcing accountability, critics argue that it has created an uneven playing field, allowing some banks to reap massive user growth while others are left out.
Related: Survey: Nearly 50% of Korean Investors Expect US Tariffs to Harm Crypto Market and Drive Price Drops
The prime example cited is K-Bank. The neobank that partnered with top exchange Upbit in 2020, saw its user base skyrocket from 2.19 million to 6.6 million in a single year. As of late 2024, that figure had nearly doubled to 12.7 million.
This outsized growth, enabled by regulatory exclusivity, has made the current framework a contentious issue among South Korea’s major banking players.
Data obtained by opposition lawmaker Cha Gyu-geun and reported by Yonhap reveals that South Korea’s crypto user base surpassed 16 million following US President Donald Trump’s election win last November.
That number represents nearly one-third of the country’s population, with holdings totaling more than 102.6 trillion won ($70.3 billion). Analysts are predicting the figure could hit 20 million by year-end, despite concerns of market saturation.
Related: Google Play Store Boots Unregistered Exchanges in South Korea
On the other hand, a recent report from the country’s Ethics Commission for Government Officials revealed that more than 20% of high-ranking public servants hold crypto assets, averaging 35.1 million won ($24,000) each.
The disclosures—totaling 14.4 billion won ($9.8 million) across 411 individuals—include holdings in mainstream tokens such as Bitcoin, Ethereum, XRP, Dogecoin, and LUNC.
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U.S. House hearing reignites crypto regulation push, hopes for clarity ‘this year’
U.S. legislators are pushing for clearer regulations on crypto, in an effort to keep the $2.7 trillion crypto industry in the U.S.
U.S. Congress is seeing another major push for regulatory clarity on crypto. On April 9, the House financial services committee’s subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence held a hearing on crypto regulation. The goal of the hearing was to find ways to align U.S. securities laws with the realities of the digital age, especially with regard to crypto assets.
In his remark to the committee, House Financial Services Committee Chairman French Hill commended the committee’s “bipartisan efforts to bring clarity and stability” to crypto assets. He also stated that he hoped that there would be meaningful legislation by the end of 2025.
WATCH: Chairman @RepFrenchHill delivers opening remarks at today’s Subcommittee hearing: "It is incumbent on us to build on that momentum and continue working toward a comprehensive regulatory framework that establishes clear rules of the road for digital asset markets." 📺⬇️ pic.twitter.com/sEg0jHeshS
“It is incumbent on us to build on that momentum and continue working toward a comprehensive regulatory framework that establishes clear rules of the road for digital asset markets… I look forward to hearing from our whitnesses today, and working with coleagues to get this across the finishline this year,” Rep. French Hill
Despite offering criticism to the SEC, especially under Gary Gensler, committee members highlighted the SEC’s role in regulation. Subcommittee chairman Bryan Steil stated that the SEC would have a role in regulating token offerings.
“At the same time, the Committee feels strongly that there is a role for the U.S. Securities and Exchange Commission to play in the digital asset ecosystem. For example, the Committee believes that issuers raising capital through the sale of new digital assets should fall under the jurisdiction of the SEC,” Rep. Bryan Steil
This would likely not include memecoins, as the SEC, already under Gensler, ruled that memecoins were not securities. The rationale was that memecoins had no utility and are more akin to collectibles.
The committee did face opposition, especially when Rep. Maxine Waters took the floor. She accused the members of the committee of favoritism toward Donald Trump’s crypto ventures, enabling him to become “crypto king.”
The hearing is a part of the latest regulatory push to give clarity to crypto assets in the U.S. For instance, on May 22, the U.S. House passed the Financial Innovation and Technology for the 21st Century Act with bipartisan support.