Post
Topic
Board Bitcoin Discussion
Re: Donald Trump's stance on Bitcoin is changing, the Trump pump is beginning
by
Abiky
on 18/05/2024, 02:15:22 UTC
What are you talking about? Bitcoin went up 500% under president Biden.

Was it because of Biden, or because of the FED's policies and the SEC's approval of spot ETFs? These last two don't have anything to do with President Biden (if I'm not wrong). BTC went to the moon in 2017, and Trump was the sitting president. By that time, former SEC chairman Jay Clayton was in-charge. And he had a much friendlier stance towards crypto/Blockchain tech than current chairman Gary Gensler. Even Elizabeth Warren (a Democrat) is a staunch critic of Bitcoin.

You can see Democrats are more against Bitcoin than Republicans. Under President Biden, regulations towards the crypto industry have become stricter than ever before. Gary Gensler was nominated by Biden himself. And under his command, the SEC has been aggressive against crypto by targeting several crypto exchanges. Even such that some exchanges have closed their doors to US citizens (like Bittrex and Binance). With these facts, I think crypto supporters will feel more inclined to vote for Trump. RFK Jr. is also an alternative, but his chances of winning the election are slim. Only time will tell us the fate of the crypto industry in the USA. Cheesy