Trump spoke at the Libertarian party national convention the other day and delivered some promises that are quite big for crypto.
1. A day one commutation of
Ross Ulbricht's life imprisonment sentence.
2. Ban federal agent involvement in limitation of speech.
3. Cancel the "Green new deal".
4. Drill for even more oil.
5. Support the right to self custody of crypto.
6. Ban CBDC in the U.S.
Source:
https://www.youtube.com/watch?v=RaiI3-ontAEPotentially even more promises flying left and right.
Personally it sounds like a bit much. I'd rather be some consumer protection regulation applied to crypto so no more Celsius and FTX scams can happen out of the U.S. and also much of the rest of the population doesn't like us crypto folk that much. A presidential candidate talking so favorably about crypto might be doing more damage to his campaign in general even if he gets the whole crypto crowd on this single issue. For example miners would be very pleased by the counter-environmental measures, but not everyone is a miner and many people in the US have been affected very badly from climate change also. And also Biden already increased drilling licenses too much. At some point there should be a reduction rather than the opposite as per what most people believe for the environment at least.
What do you think of all this? Did Trump overpromise? Do you think these promises give him hope for winning the presidential race?
Anytime Trump says something honest, it's just a coincidence.
He's promising to free Ross when he's in front of a bunch of libertarians because he figures that's his best shot at getting their vote.
When he was in NH where they're having serious opioid problems he said he would make drug dealers and king pins with federal convictions eligible for the death penalty.
He'll do whatever is best for him, and the second the polls close the Libertarians will have 0 value to him. Maybe someone with leverage will figure out how to get him to free Ross. Or maybe he'll have Ross shipped to some place that's even worse than where he is now as revenge for the libertarians booing him off the stage. (Or maybe he won't win the elections and Ross will get to meet him in person)
Only thing we know for sure is he won't cancel the green new deal because it was never adopted and he has no clue wtf a CBDC is.