Post
Topic
Board Bitcoin Discussion
Re: Trump vs. Biden is almost like Bitcoin vs Fiat
by
Abiky
on 11/06/2024, 16:14:16 UTC
Trump does not care about Bitcoin.

Why are you guys so gullible?

Even if he wins, there is no guarantee that his administration won't crack down on crypto themselves.

And frankly, if you can't understand this, I don't know how you manage to protect your coins from malware and phishing links.

He didn't regulate crypto with a "heavy hand" during his first term as President. Did he? At the time, the SEC chairman was Jay Clayton and under his leadership, the agency treated crypto lightly. There were no claims of "unregistered securities" nor prosecution of crypto exchanges. The current administration has done more harm than good to the entire crypto/Blockchain industry. Several companies/exchanges/firms left the US due to harsh regulations. Even the Tornado.Cash mixer was sanctioned by the US under Biden's leadership. Not to mention, the government went after Samourai wallet due to concerns of money laundering (especially when it made use of a non-custodial mixing technique).

Actions speak more than words. And Biden has shown Americans that he dislikes crypto. Voters know which candidate to choose during Election Day. Maybe Trump's promises will take him back to the White House? Only time will tell. Hopefully, crypto remains legal in America forever.