Quote from: figmentofmyass on January 26, 2021, 12:31:14 PM

Quote from: bbc.reporter on January 26, 2021, 02:28:52 AM

Hehe it was Trump who was ok for bitcoin. What he says about his stance on bitcoin might be negative, however, his policies never went out of their way for a clear takedown of the cryptospace.

it was the trump administration who just tried to sneak through horrible crypto regulations at the last second---namely, the "travel rule" (KYC on $250+ cross-border transactions) proposal and the "self-hosted wallet" proposal.

the former is horrible on its face. the latter will result in this:
If you're using Bitstamp, now might be a good time to ditch it.
Bitstamp exchange crazy new KYC

biden might end up being worse for crypto, but fuck trump.

Biden wil end up very worse and very aggressiv against the cryptospace. This might make us wish it was still Trump and his men in charge hehehe.

In any case, this article talks about how Trump’s presidency and his appointees might have created a lenient regime for the cryptospace. I would argue that we might not have witnessed bitcoin’s new all time highs if it was Hilary who won on 2016.

The Trump administration was largely friendly toward the industry (with a few notable exceptions), and ushered in a wave of regulations and products that were welcomed by the crypto community. The Trump administration stopped short of actually setting a policy direction, however. Almost all of the crypto-friendly actions were conducted by the regulators he nominated to various posts, and no significant legislation on the crypto space was passed or signed into law.

Source https://www.coindesk.com/trump-presidency-crypto-legacy