Re: Donald Trump's stance on Bitcoin is changing, the Trump pump is beginning
Both the chairman of the Fed and the chairman of the SEC were appointed by... President Biden.
Gary Gensler's SEC approved the ETF. He is not anti-Bitcoin. He recently pointed the very true fact that most holders of Bitcoin do so through a financial institution. His interest in making Bitcoin safe to trade for consumers which will ultimately raise the price of Bitcoin because it will reduce the risk of holding it.
Elizabeth Warren proposed taxes on the power taken up by mining. That is a politician looking for a way to raise taxes (from rich people no less), not somebody who is out to get Bitcoin.
Bitcoin went up 500% under president Biden.
Only a fool would vote to radically change the situation under which that happened. Bitcoin holders are going to cut through the politics and go with the safe bet, which is staying the course.
Gary Gensler's SEC approved the ETF. He is not anti-Bitcoin. He recently pointed the very true fact that most holders of Bitcoin do so through a financial institution. His interest in making Bitcoin safe to trade for consumers which will ultimately raise the price of Bitcoin because it will reduce the risk of holding it.
Elizabeth Warren proposed taxes on the power taken up by mining. That is a politician looking for a way to raise taxes (from rich people no less), not somebody who is out to get Bitcoin.
Bitcoin went up 500% under president Biden.
Only a fool would vote to radically change the situation under which that happened. Bitcoin holders are going to cut through the politics and go with the safe bet, which is staying the course.
Gary Gensler had no choice but to approve the spot ETFs. He was "cornered" in a wall after Grayscale's victory in court. After the SEC approved Bitcoin spot ETFs, Gary quickly went to advise investors about the risks of investing in such an asset. I'd say he's more skeptical of Bitcoin (and crypto as a whole) than anything else. And Elizabeth Warren has always been a staunch critic of crypto. Everybody knows that. Didn't she imply that bad actors where using the tech to avoid sanctions? She even drafted a bill meant to increase oversight on crypto assets. Talk about a Democrat.
Republicans are much softer towards crypto. You didn't see increased regulatory action against the crypto industry during the past administration (under Trump's leadership). Crypto supporters know who'll they be voting for (either RFK Jr. or Trump). We'll see what will happen after Election Day.
