Post
Topic
Board Press
Re: [2021-01-20] Janet Yellen suggests 'curtailing' cryptocurrencies such as Bitcoin
by
cr1776
on 26/01/2021, 18:47:37 UTC
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.

The crypto regulations that they floated in December were just stupid, it seemed like someone trying to slip something in while they could and while Trump was occupied with other concerns.    Biden will be worse for bitcoin and crypto, and liberty.  One often has to take the best of the possible choices vs hoping for the perfect choice.