Post
Topic
Board Bitcoin Discussion
Re: How do you think crypto donations to campaigns might shape Bitcoin regulation?
by
uneng
on 23/10/2024, 21:44:07 UTC
And what if politicians take donations in altcoins, like how Trump also received some? Does that mean their decisions on regulations could end up favoring altcoins over Bitcoin?
Politicians favour influent and powerful entities which support them financially. It has been always like this. The most likely outcome is that decentralization loses strength in crypto industry, as politicians become adept of one or another concept of cryptocurrency, while rejecting or difficulting the usage of other cryptos which aren't interesting for them.

Not only regards cryptocurrencies, but also regards crypto services you can expect movements like this. For an example, I can mention Binance exchange which employeed a nephew of economy minister from my country to one of the main spots of the company inside our territory.

People who have such ideas and implement them are considered the smart strategists of our time, although in fact they are just vassals of power.