All of Trump's Crypto Promises, From Boosting Bitcoin Mining to Firing Gensler

zasad@

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Quote from: avikz on November 12, 2024, 12:44:39 AM

Quote from: zasad@ on November 09, 2024, 04:15:15 AM

Quote from: avikz on November 08, 2024, 10:13:45 AM

Wow! It seems people are having really high hopes on Trump! He appears to have become a massiah like figure for the crypto community. But believing a politician is probably the last thing you should do.

Lets use this thread to track the progress he makes during his tenure on the promises. It will be fun to see and also serves as a single source of truth. Let's do it!

I've reread these core promises several times, and I don't see anything impossible to fulfil here. Most of the promises are general in nature, like ‘Make America Great Again’. I'm sure now Uncle Gary Gesler will retire in early 2025.

I could be wrong but the US has a very interesting feature where a lot of money is in the stock markets and it keeps inflation down because that money doesn't go into the real economy. So the task of these stock markets is to do their best to keep the money in these markets.

Same! I too don't see anything impossible to achieve. Money circulation is one of the key factors to keep an economy running and growing. If the money is sitting on Back coffers or in stock market without circulation, that doesn't help!

If you look at the Bitcoin price trend, it's showing a bull run because Trump has been re-elected as the president and he had made several promises to keep the ecosystem running and growing.

What all I am saying is, don't trust a politician. I know Trump is a businessman and he has a few residential projects running in my city too. Let's hope he fulfills his crypto related promises and make US a safe place for crypto businesses to grow.

I'm shocked at the bitcoin price, but I still don't understand who is paying for this banquet. And I was betting on the growth of altcoin price.
If we compare the US with Russia, the US has local crypto exchanges, there are laws, there are practices, there are many guidelines for paying taxes and the US is leading in bitcoin mining.
Russia ranks second in the world in mining, but the legal framework is still being formed.
If the authorities finally give a clear explanation of what in the US is a share in the crypto market and what is a utility token, many projects will return or new ones will appear.

avikz

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Quote from: zasad@ on November 09, 2024, 04:15:15 AM

Quote from: avikz on November 08, 2024, 10:13:45 AM

Wow! It seems people are having really high hopes on Trump! He appears to have become a massiah like figure for the crypto community. But believing a politician is probably the last thing you should do.

Lets use this thread to track the progress he makes during his tenure on the promises. It will be fun to see and also serves as a single source of truth. Let's do it!

I've reread these core promises several times, and I don't see anything impossible to fulfil here. Most of the promises are general in nature, like ‘Make America Great Again’. I'm sure now Uncle Gary Gesler will retire in early 2025.

I could be wrong but the US has a very interesting feature where a lot of money is in the stock markets and it keeps inflation down because that money doesn't go into the real economy. So the task of these stock markets is to do their best to keep the money in these markets.

Same! I too don't see anything impossible to achieve. Money circulation is one of the key factors to keep an economy running and growing. If the money is sitting on Back coffers or in stock market without circulation, that doesn't help!

If you look at the Bitcoin price trend, it's showing a bull run because Trump has been re-elected as the president and he had made several promises to keep the ecosystem running and growing.

What all I am saying is, don't trust a politician. I know Trump is a businessman and he has a few residential projects running in my city too. Let's hope he fulfills his crypto related promises and make US a safe place for crypto businesses to grow.

zasad@

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Quote from: Z-tight on November 09, 2024, 10:44:36 AM

Firing Gary Gensler should be top of the list, the sec chair is anti-crypto and that is why he regulates it through enforcement, no laid down rules, just go after crypto projects and tell them of their 'crime' later. I don't know if the president has the constitutional right to fire the personnel in such an office, i hope he does.

If Trump grants a presidential pardon to Ross once he takes office, that is going to be a really big one and it may create a backlash, he may have to back down on this promise, no?

I don't know exactly how the pardon system works in the US, but I read that Ross got 2 life sentences + 40 years. This was done on purpose so that he would serve a minimum of 40 years in prison. And rightly so, a drug dealer should not be free. So maybe 1 or 2 life sentences will be removed from the prison term.

https://x.com/Dennis_Porter_/status/1855002915414417720
"There is a legitimate feeling in Washington DC and across the states that a Strategic Bitcoin Reserve is not only possible, but an inevitability.
The calls and texts I am having with Senators and Representatives across the USA have me irrationally bullish.

Z-tight

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Firing Gary Gensler should be top of the list, the sec chair is anti-crypto and that is why he regulates it through enforcement, no laid down rules, just go after crypto projects and tell them of their 'crime' later. I don't know if the president has the constitutional right to fire the personnel in such an office, i hope he does.

If Trump grants a presidential pardon to Ross once he takes office, that is going to be a really big one and it may create a backlash, he may have to back down on this promise, no?

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Quote from: FatFork on November 08, 2024, 03:38:19 PM

Well, we'll just have to wait and see if Trump really keeps all those promises he made. I mean, some of them sound easier to pull off than others. One that stuck out to me was his random promise to pardon Ross Ulbricht on day one. I gotta say that seems kinda random for a new president to prioritize. But hey, maybe Trump really cares that much about bitcoin heroes... Or maybe it just sounded good at the time and he'll totally blow it off once he's actually in office. I dont know. I guess we'll find out soon enough if Trump was all talk or if President Trump actually walks the walk. Wink

I believe that was people around him, that talked him into it. He has proven to know next to nothing about bitcoin, and I imagine from Ross Ulbricht he knew the same. What he has is a bunch of people around him who are into it, starting with the VP, continuing with RFK Jr. and a bunch of other people. In the end I think he will get a better understanding of things but when he went to the Nashville conference you could tell he was very green on the subject.

zasad@

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Quote from: avikz on November 08, 2024, 10:13:45 AM

Wow! It seems people are having really high hopes on Trump! He appears to have become a massiah like figure for the crypto community. But believing a politician is probably the last thing you should do.

Lets use this thread to track the progress he makes during his tenure on the promises. It will be fun to see and also serves as a single source of truth. Let's do it!

I've reread these core promises several times, and I don't see anything impossible to fulfil here. Most of the promises are general in nature, like ‘Make America Great Again’. I'm sure now Uncle Gary Gesler will retire in early 2025.

I could be wrong but the US has a very interesting feature where a lot of money is in the stock markets and it keeps inflation down because that money doesn't go into the real economy. So the task of these stock markets is to do their best to keep the money in these markets.

FatFork

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Well, we'll just have to wait and see if Trump really keeps all those promises he made. I mean, some of them sound easier to pull off than others. One that stuck out to me was his random promise to pardon Ross Ulbricht on day one. I gotta say that seems kinda random for a new president to prioritize. But hey, maybe Trump really cares that much about bitcoin heroes... Or maybe it just sounded good at the time and he'll totally blow it off once he's actually in office. I dont know. I guess we'll find out soon enough if Trump was all talk or if President Trump actually walks the walk. Wink

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I will be very happy if it accomplishes half of those things. Especially ban CBDCs and create a strategic bitcoin reserve. Let's see the look on the faces of the socialist governments with their CBDCs and their bitcoin disregarding policies.

Quote from: avikz on November 08, 2024, 10:13:45 AM

Wow! It seems people are having really high hopes on Trump! He appears to have become a massiah like figure for the crypto community. But believing a politician is probably the last thing you should do.

Lets use this thread to track the progress he makes during his tenure on the promises. It will be fun to see and also serves as a single source of truth. Let's do it!

It is not a matter of believing much or not, look at the markets and the reaction they had. He is pro-business, and he is the first pro-bitcoin USA president, who is surrounded by people who own bitcoin, plus there are now many senators and congressmen who are. As is often the case in this the USA is leading the way and the sheeple elsewhere have been caught off guard.

avikz

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Activity: 3080

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Wow! It seems people are having really high hopes on Trump! He appears to have become a massiah like figure for the crypto community. But believing a politician is probably the last thing you should do.

Lets use this thread to track the progress he makes during his tenure on the promises. It will be fun to see and also serves as a single source of truth. Let's do it!

zasad@

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Activity: 1932

Merit: 4602

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https://decrypt.co/244506/donald-trump-bitcoin-crypto-campaign-promises
Trump has rattled off a series of promises for Bitcoin and the crypto industry in a bid to woo prospective voters.

This is a brief squeeze of the new US President's promises( from a forwarding in a telegram), watch together how it will be realised:

"Introduce Bitcoin as a strategic reserve asset.

Ban the creation of CBDCs.

Turn America into the ‘crypto capital of the world’.

Use Bitcoin to solve the US government debt problem.

Encourage innovation to create the ‘greatest economy in history.’

End the Democrats' illegal crackdown on the crypto industry.

Protect the right to mine and self-store cryptocurrency.

Allow citizens to manage their own assets (without government control)

Fire Gary Gesler (head of the SEC) if re-elected.

End the ‘anti-cryptocurrency crusade of Joe Biden and Kamala Harris’.

Create a presidential advisory committee to ensure that laws are passed for crypto regulation.

New regulations for the crypto industry will start being written by ‘people who love, not hate, the industry.’

Commute the life prison sentence of Silk Road's founder"

Topic: All of Trump's Crypto Promises, From Boosting Bitcoin Mining to Firing Gensler (Read 118 times)