Post
Topic
Board Bitcoin Discussion
Re: Donald Trump's stance on Bitcoin is changing, the Trump pump is beginning
by
bbc.reporter
on 31/05/2024, 03:33:38 UTC

Honestly, I don't know if Trump really cares about bitcoin and cryptocurrency or if he's just lying to achieve his goals. But I will also support Mr. Trump over Biden or any Democratic Party candidate because if the Democratic Party continues to dominate the White House, the Biden administration's draconian policies on cryptocurrency will not disappear anytime soon. We don't seem to have too many choices here, so I think it's better to choose Mr. Trump than support Biden when he is trying to oppose and prevent the development of the cryptocurrency industry.

Like you, I partly believe that Trump will make cryptocurrency grow stronger and more popular, because he is a businessman and he will not give up any opportunity if it can bring US economic interests.

I reckon these are the occurrences where I will certainly begin to trust that the Trump administration is being serious on their procrypto agenda.

1. They will stop their cases against Uniswap and Coinbase.
2. The SEC will create clear guidelines in what is an illegal security and what is a commodity.
3. They create new KYC rules because their old rules have been difficult for the people in the cryptospace.
4. They stop treating the Tornado Cash founders and other developers of privacy software very much like criminals.

Is this what the Trump administration has promised us in recent statements?

Trump promised only 3 things. Free Ross Ulbricht on day 1 of his presidency, protect the right of self custody and reject the creation of CBDC. However, these things do not signal a real friendly administration to the cryptospace. I am also very skeptical if he will free Ross Ulbricht on day 1 heheheheheh. The list in my reply is what I reckon would certainly signal a real friendly administration towards the cryptospace. If they do not do this, I would be quite certain that they are not procrypto.