Post
Topic
Board Bitcoin Discussion
Re: Trump to enter the crypto business
by
legiteum
on 09/08/2024, 21:28:48 UTC
I predicted that Trump would introduce a competitor of Bitcoin, and then use his control of the US government to prop up his platform and pass laws to denigrate existing crypto platforms like Bitcoin.
So U.S dollar 2.0? What exactly do you mean by denigrate crypto platforms and what laws can be passed to achieve that?

Please keep political discussion in the Politics and society board, there are already too many political discussions clogging this board up.

Now that crypto is the biggest single donor to US elections this cycle, it's hard see where politics ends and Bitcoin begins. I personally would love nothing more than for Bitcoin and crypto to have nothing to do with US politics--like it has in previous elections--but this year is clearly very different.

And Trump entering the Bitcoin space is a clearly a business story, not just a political one.

And how would Trump compete against Bitcoin if he was elected? Very carefully, I am sure, but it's really not very hard when you have the entire US government on your side. All he has to do is require features that he knows only his platform has and get government approvals that only get can get. Trump will have the SEC, the FBI, the FTC, and a bunch of other agencies directly under his control--and this isn't even checked by Congress. And if he wins he will also most likely have a majority in Congress, meaning he can basically pass whatever law he wants. I don't think it's really necessary to use this space to come up with all of the ways Trump could do it--it's just too easy Smiley.