Topic: Bloomberg: Trump considers creating the first ever White House Crypto role (Read 328 times)

Once this role get's formalised, we will see a Bitcoin pump like we have never seen before. Every nation on planet earth will follow Trump and the United States government so they are not left behind.

I look forward to a thread like that where we can detail all Trump's campaign promises regarding Bitcoin and cryptocurrency because talk is cheap, actions speaks louder. I'm also a none American and I come from a place where campaign promises are mere words of enticement, they mean nothing to politicians. So I'm looking forward to Trump's second term and see the priority he'll give to Bitcoin, and matching his words with action. Whether Trump's administration will be crypto friendly or not, the fact that he acknowledged Bitcoin during his campaigns will show the strong reputation that Bitcoin has gained.

One of the days if nobody beats me to it, I am going to create a thread here highlighting all the campaigns promises of president elect Trump relating to Bitcoin and Cryptocurrency. When he finally gets sworn in and if he eventually starts fulfilling them, then I'll return to the thread to tick them off. As a non American, I understand the effect of implementation and non-implementation of his promises on a global scale. All we can do right now is hope that he keeps to his word. We'd send him a person thank you note if he does.

One of the days if nobody beats me to it, I am going to create a thread here highlighting all the campaigns promises of president elect Trump relating to Bitcoin and Cryptocurrency. When he finally gets sworn in and if he eventually starts fulfilling them, then I'll return to the thread to tick them off. As a non American, I understand the effect of implementation and non-implementation of his promises on a global scale. All we can do right now is hope that he keeps to his word. We'd send him a person thank you note if he does.

Do you think there's any truth to that? China banned cryptocurrency trading a few years ago, while on the other hand, India is not very friendly when it comes to cryptocurrencies - so where does this data on adaptation come from? Those who were around when BTC was still "legal" in China know that everything that happened there was always in some way a threat to BTC - and in fact the best thing that happened was that they banned it.

If BTC were legal in China and the same country still held a monopoly on mining, does anyone think that spot ETFs would be approved in the US and that Mr. Donald would have the attitude he has today?

We all can argue about that, but one thing is for sure, if he didn't win the election, then Bitcoin might not have reach $100k this soon. So I will say that him becoming the next US President is the catalyst for Bitcoin, and his pro-Bitcoin stance might really help him with this election.

Just imagine if the winner who's political party is to prosecute Bitcoin and crypto, then we might see the price of Bitcoin going noise dive if Kamala by chance won and Gary Gensler enjoying another tenure as SEC chair.

I don't think Trump won because of being so pro-crypto. It got his some votes and some support, but I think he won mainly because of two interrelated things: the US got tired of how Democrats are running things, especially regarding handling major war escalations (Russia-Ukraine, Israel-Palestine); things are not that bad in the US, so people are feeling like they can gamble and see what they get with a very high-risk and volatile president.
A crypto person at the White House would be a big deal, although I'm not sure it would be good for Bitcoin and its users per se.

Chinese courts made such decisions a long time ago - and I really don't know why people are so fascinated by China in the context of BTC? Bitcoin as something decentralized has no place in a society ruled by communism - in other words, I don't see how China would allow trading with BTC again unless the policy changes completely.

(1) Bitcoin is not legal tender. Both the “Notice” and the “Announcement” point out that Bitcoin is not currency, it is not issued by the monetary authority, has no monetary properties such as legal compensation and compulsion, does not have the same legal status as currency, and cannot and should not be used as currency in the market. Circulation use. Therefore, the fields that it is engaged in as legal tender are not allowed by the government.

(2) Bitcoin is a virtual commodity. “Notice” pointed out that Bitcoin is a virtual commodity. The country does not recognize the identity of Bitcoin virtual currency, but recognizes it as a virtual commodity. Because the concept of virtual goods is larger than virtual currency, currency is a special kind of commodity. Bitcoin is not recognized as currency, but it is considered a commodity.

(3) Bitcoin-related activities prohibited by the state are: token financing trading platforms must not engage in the exchange business between legal currency and tokens, or “virtual currencies”, and cannot buy or sell tokens or as a central counterparty. “Virtual currency” shall not provide services such as pricing and information intermediary for tokens or “virtual currency”. Financial institutions and non-bank payment institutions shall not directly or indirectly provide products or services such as account opening, registration, trading, clearing, and settlement for token issuance financing and “virtual currency”, and shall not underwrite related tokens and “virtual currency” The insurance business may include tokens and “virtual currency” into the scope of insurance liability.

Chinese courts made such decisions a long time ago - and I really don't know why people are so fascinated by China in the context of BTC?