Post
Topic
Board Bitcoin Discussion
Re: Trump picks the first ever bitcoiner on a presidential ticket who holds bitcoin!
by
rdbase
on 20/07/2025, 15:35:05 UTC
There are several bills that are prepared to get signed into congress this week starting tomorrow into Thursday.
https://www.politico.com/live-updates/2025/07/14/congress/house-crypto-week-votes-00451112
https://www.politico.com/newsletters/morning-money/2025/07/14/house-gears-up-for-crypto-week-00450752

The one of major interest is the Genius Act that if passed can cause all the other dominoes to fall into place for bitcoin and cryptocurrenies as a whole:
https://www.cnbc.com/2025/07/14/crypto-week-genius-act.html
How so? I've thought the GENIUS act was suppossed to bring more clarity on stablecoin regulations. I think the one that will cause all the other dominoes to fall into place for Bitcoin and crypto would be the Anti-CBDC Surveillance Act. It will mark a huge win for privacy and freedom. Just what crypto/Blockchain stands for. Either way, all of these bills aim to make regulations more flexible for the industry. This will translate into higher investor confidence in the long run. I believe Trump is pushing the approval of pro-crypto bills for his own benefit. He has a Blockchain network (World Liberty Financial) and stablecoin (USD1) of his own.

By all means, the Trump administration is making history with its pro-crypto agenda. I hope Democrats don't put all efforts in vain if they win the White House and both chambers of Congress in the future (which is doubt they will). With all of the buzz surrounding stablecoins, I think they will become the de-facto digital Fiat currencies of the US. In essence, they will work like a CBDC. So even with the Anti-CBDC Surveillance Act in place, the US government would've already have an unofficial digital USD of its own. As for Bitcoin, the government will continue to increase its holdings as a sort of inflation hedge. Just like Gold. The Strategic Crypto Reserve is the first step. Exciting times ahead for all Bitcoiners.
These bills including the Genius act would cause complacency through out the rest of the political parties therefore they all must conform to whatever is passed into law.
And of course the Anti-CBDC surveillance act would set everyone at ease when it comes to stablecoins.
All these bills are to set a tone of regulation when it comes to cryptocurrenies and how they are handled within the banking system under the laws imposed by the government.