With Biden vetoing this crypto bill to allow corporations to be their own custodian & just being anti crypto in general & Trump preaching crypto to remain a priority in the US & also saying he would ensure protecting holders rights to self custody. Trump is literally talking about crypto policy with Elon Musk & saying how he is going to do all these things like grant pardons to high profile crypto bros its just wild. Its kind of fun to watch, also very funny how when I think about it Biden vs. Trump is sort of similar to Fiat vs. Bitcoin. Thoughts?
I don't know, I think the issue remains that there is a difference between talk and action. Of course Trump is now trying to mobilize all sorts of minority groups to make sure he won't lose the election with a few thousand votes or so, but whether or not he sticks to his word and will become the crypto guy he proclaims now? That's a difficult question as he is quite erratic, too. Once he might get elected as president, nothing will be set in stone by then. I guess he would still be more pro crypto than Biden, but whether he will become as pro crypto as he says remains to be seen then.
The issue is that it is not Biden alone who has an anti-stance and who is talking crap about some of the technological aspects, if he ever gets to it. The SEC is also talking bullshit and has some very strange opinions. I have no idea whether Trump becoming president would also mean that he can immediately replace relevant people at the SEC. I don't know how exactly the election of SEC people works and whether he can revoke decisions from the predecessor administration. But to really give BTC a boost it would need some significant changes at the SEC, too.
But overall I think the last word hasn't been spoken yet. However, Biden is such an old guy that I doubt he would ever fundamentally change his mind about cryptocurrencies. It would rather come down to his advisors.