Topic: Donald Trump's stance on Bitcoin is changing (Read 4907 times)

Is this news real or is the only a meme? I cannot find the source of the picture where it was the screenshot of the news article.

In any case, this is only the beginning of the Donald Trump comedy show heheheheh. It will be very much be entertaining to read political news in America for the next 4 years hehe.



REPORT: Senator Elizabeth Warren sent a letter to Trump concerning "conflict of interest" rules for Elon Musk being a top adviser - WaPo

In response, Trump's team called her "Pocahontas." LMAO.

Source https://x.com/ericldaugh/status/1869092276204630121?s=12&t=fx2RmsbaS0qNJTJTdpNu2w

You forgot about his other son who is heavily into crypto projects already.
https://www.barrons.com/articles/trump-bitcoin-crypto-ether-052688ed

Anyways, their entire family who are all wealthy will be putting their fiat into bitcoin and all other cryptocurrencies so nobody who is a dedicated member on this forum should argue about them and if they do then they are just here to want to see it's utter destruction and should not be taken seriously nor seen as one with any sense of intelligence.
Since this a place to discuss about bitcoin and not continually troll against an entire family that puts it into the spotlight instead of in the dark of a backalley,

Donald Trump’s Son Doubles Down On Bitcoin Rally To $1M.

Eric Trump conveys bullish views on BTC's long-term prospects.
Eric Trump highlights Donald Trump's pivotal role in urging a pro-crypto era.
BTC price tackles turbulence, although long-term prospects remain bullish.

https://coingape.com/donald-trumps-son-doubles-down-on-bitcoin-rally-to-1m/

It appears that Operation Chokepoint 2.0 was a real occurrence and it was not only a conspiracy theory that was created by the people from the cryptospace community. This type of tactic will hopefully not anymore happen under the Trump administration as this has happened under Biden and the Democrats. We can also be very much be quite certain that this will happen under a Kamala administration if she was given the victory hehehe. She will be woke anticrypto girl power with grandma Elizabeth and grandma Warren hehehehehhehehe.

The Trump pump must continue.



So, now we know. Operation Chokepoint 2.0 was real.

There really was a co-ordinated federal government effort to de-bank crypto following the collapse of three mid-sized crypto-friendly lenders (Signature, Silvergate and Silicon Valley Bank) in March 2023. The crypto industry, led by VC-commentator Nic Carter, has long suspected and railed against de-banking. But, until today, we didn’t have much documentary evidence.

Friday morning, internal communications at the Federal Deposit Insurance Corp were released after a research firm (History Associates Inc.) hired by Coinbase sued to get them uncovered.

“The heavily-redacted documents emerged on Friday, showing the banking regulator slamming the brakes on lenders offering or considering products and services in the digital assets sector,” CoinDesk’s Jesse Hamilton wrote in his report today.

"We respectfully ask that you pause all crypto asset-related activity," the FDIC wrote in one of 23 internal letters released by Coinbase. "The FDIC will notify all FDIC-supervised banks at a later date when a determination has been made on the supervisory expectations for engaging in crypto asset-related activity."

"The letters show that this was no conspiracy theory at all, that this was not just rank speculation or the musings of a paranoid industry," Grewal told Hamilton. "There was a concerted plan on the part of the FDIC that they carried out — without any reluctance — to deny banking services to a legal American industry. That should give everyone great pause."

Debanking has been a hot issue recently, after mega-VC Marc Andreessen discussed Operation Chokepoint 2.0 on Joe Rogan’s podcast.

Read in full https://www.coindesk.com/opinion/2024/12/06/proof-of-operation-chokepoint-2-0

I don't remember talking about any other politician. I also don't remember that being even remotely connected to the subject of this thread.

If you so desperately don't want to talk about Trump, you should start your own thread apart from this one.

You make it appear that Trump is the only politician that only likes the money and the votes heheheh. This is very headshaking behavior. There are more desperate people who are against Trump as proven with the assissination attack against him and they have tried to do this twice.

@BADecker. Agreed! This might very much occur as the cryptospace's celebration on the arrival of Trump and the pump heheheeh. We can be quite certain that this type of optimism will not arrive if Kamala has won the presidency.

Bitcoin $150,000 by Inauguration Day - Jan. 6.

Trump has historically loved two things: money and votes.

Before the election, major crypto brokers like CoinBase funneled millions of dollars into Trump and his campaign in order to help him get elected. (It's important to remember that the 2024 election money went to support brokers, not holders of Bitcoin per se).

Trump no longer has a reason to care about votes. I mean, sure, he'll take credit for Bitcoin going up in price right now, but that's not going to make any difference to him going forward.

Meanwhile, Bitcoin doesn't make him or his family or his cronies any money--only his own coin going up does.

While it's certainly possible that Trump's mere presence in the crypto business will help Bitcoin go up in price, I would be... very careful about that. The two winners in this election was Trump personally and crypto brokers: neither of those things are Bitcoin.

Trump has recently said that favors cryptos "made in the USA". Bitcoin is what his supporters call "globalist", which is a derogatory term for them. Trump has also warned of severe sanctions against any other country doing things that will detract from the USD. Again, not very pro-Bitcoin.

Go ahead and revel in the Trump-pump, but... keep your eyes open here...


The next major election in the US is 2026, when Congress will be up for vote. Traditionally the president's party loses that election, and in the case of the Republicans it's almost assured since they made absolutely ridiculous promises to get elected and those promises will all be broken--and that's best case scenario for them since Trump's policies could drive the US economy into the toilet if he actually implements them (which I give a 50/50 chance of happening).

It's no secret that President Trump loves crypto. Especially Bitcoin. He launched a series of crypto-themed items for sale (sneakers, NFTs, etc), and also collected donations in Bitcoin for his political campaign. With several members of his cabinet being pro-crypto (one of them is VP J.D. Vance), it's likely Trump will treat the industry lightly during his second-term as POTUS. Right now BTC reached a new ATH and Trump hasn't even been sworn in as President yet. We might be heading into a "Golden Age" for Bitcoin and other cryptocurrencies.

The fun will be over by 2028, though. Assuming Republicans lose the election. We must take advantage of this opportunity to secure as much profits as possible. No matter what happens, Bitcoin will be here to stay. It's virtually unstoppable.

Sec under Garry had its good and bad sides - just like everything. There is black and white in many things we consider only as bad.
But we can assume that Paul should make SEC less bloated and better in the long run, so that should be considered as a positive development in the far future during the term of Trump.

Let's see it in action.
For now, I see lots of appointments from him, different people who are probably pro-crypto too (Paul Atkins, and who bbc.reporter noted in his last post) - so that should, in theory at least, be beneficial in the long run for the crypto space.

It appears that much of our skepticism on Trump and his changing of opinion on the crypto is also changing hehehe. If everyone will read the replies on the first 3 pages of this thread, much of us were not believing that Trump will be procrypto.

In any case, it appears that Trump will appoint another procrypto executive for his cabinet as the AI and crypto czar.



President-elect Donald Trump has named David Sacks as the White House's AI and Crypto Czar, announcing the appointment in a TruthSocial post Thursday night.

"David will guide policy for the Administration in Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness. David will focus on making America the clear global leader in both areas," Trump posted.

Sacks is a limited partner in MultiCoin Capital, having come on board in March 2018, in addition to being a general partner and co-founder at Craft Ventures, which counts BitGo and Bitwise as portfolio companies

Trump said that one of Sacks' responsibilities will be to "safeguard Free Speech online, and steer us away from Big Tech bias and censorship."

Read in full https://www.coindesk.com/policy/2024/12/05/trump-names-david-sacks-as-ai-and-crypto-czar

Trump has stated that he is going to very quickly give the crypto community the clarity on regulation that we have been seeking. Considering Trump is no stranger to all the crypto token fundraisers and the like, I assume he will be pretty friendly with the regulation he writes up. This could really open doors for Americans to get access to higher yields and no longer live in fear.

Trump, who had declared his support for digital assets during his election campaign, promised to make the United States the “crypto capital of the world” and create a national stockpile of bitcoin. Yesterday, he announced that he would nominate Paul Atkins to run the Securities and Exchange Commission, meaning he would nominate a replacement for the position held by a generally anti-crypto figure. Atkins has been involved in crypto policymaking as co-chair of the Token Alliance, as well as the Chamber of Digital Commerce. The SEC has long tried to ban exchange-traded funds from investing in bitcoin over investor protection concerns, but these products have allowed more investors to access bitcoin. Inflows into U.S.-listed bitcoin ETFs have surpassed $4 billion since the election.

It appears the big news on the next SEC chairman will be announced soon hehehe. There are rumors that uncle Gary's replacement will be Paul Atkins. According to some articles, he is very procrypto and he is the cofounder of a cryptospace industry advocacy group.

Everyone who has supported and voted the right candidate the Donald, you should congratulate yourselves for having made the correct choice hehehehe.



Donald Trump is preparing to announce his choice for a new chair of the U.S. Securities and Exchange Commission (SEC), potentially as soon as tomorrow, December 4.

FOX Business reporter Eleanor Terrett confirmed this development in a post on X today, citing sources familiar with the matter.

This move comes after Gensler confirmed his resignation, effective January 20, 2025, aligning with Trump’s inauguration as the 47th president of the United States.

Read in full https://thecryptobasic.com/2024/12/03/trump-set-to-announce-sec-chair-replacement-for-gensler-as-soon-as-tomorrow/

I had not considered that of the Transactions being too expensive, sometimes with all this madness that Trump generated when he won that Eclipsed the most negative supporters of Kamala who did not care that the economy collapsed like paper cards, I agree that these 4 years will be the best for the USA and the world, because it will not only fix economies but also the problems of wars , and now with all this about BTC it is very Urgent that the Devs get Ready to develop an update for the network and find solutions.

I am reading these news articles on Trump and his chosen people for the secretary of treasury and the securities and exchange commission and I can only shake my head very vigorously in optimism! Are we going to witness the biggest bull market of this cryptospace that we have been following for years? The answer for this is very much yes, I reckon.



Here’s what Trump’s treasury secretary pick thinks about Bitcoin

Donald Trump has selected Scott Bessent as his new treasury secretary — a man who sees crypto as a natural fit for free markets and economic freedom.

In a July interview, he praised Trump’s pro-crypto stance while taking aim at the Democrats’ approach to the industry.

“They’re willing to take on the whole industry because of the bad behavior of one actor,” Bessent said, referring to the fallout from Sam Bankman-Fried’s donations to Democratic causes.

“Crypto is about freedom, and the crypto economy is here to stay,” he added.

He highlighted Bitcoin’s ability to attract younger investors and those disillusioned by traditional markets after the 2008 financial crisis.

“Having a market culture in the US where people believe in a system that works for them is the centerpiece of capitalism,” he said.

Read in full https://www.dlnews.com/articles/regulation/what-trumps-treasury-secretary-pick-thinks-about-bitcoin/

Another good news update! The new secretary of treasury is very procrypto hehehehe.

If bitcoin pumped 500% under Joe Biden, will bitcoin do something similar under the Donald Trump? All of the bullishness and the procryptoness of the next administration in the cryptospace would certainly imply that this can also pump 500% from that will be the price of bitcoin on January.



U.S. President-elect Donald Trump named hedge fund manager Scott Bessent, a cryptocurrency enthusiast, as his pick for Treasury Secretary.

"I have been excited about [Trump's] embrace of crypto and I think it fits very well with the Republican Party, the ethos of it. Crypto is about freedom and the crypto economy is here to stay," he said in an interview with Fox Business in July. "Crypto is bringing in young people, people who have not participated in markets."

Read in full https://www.coindesk.com/policy/2024/11/22/trump-plans-to-name-pro-crypto-hedge-fund-manager-scott-bessent-as-treasury-secretary/

Donald Trump's stance onBTC should not change, in fact he won by a large margin because if he won the support of Bitcoiners and it is a very large community, then he will not change his position, on the contrary, he will go in favor of BTC and he will be able to generate better policies to acquire it or to use it in his economy to generally use and spend on services, pay for anything in the market, this is what I think can happen in the short term.

But we must wait, because everything is possible, when he is in power things can change.

My predictions on this Teresa Goody Guillén and if she is appointed by Trump as the next SEC chairman after uncle Gary has resigned.

I predict that Uncle Gary will make it very difficult to replace him because he might not resign hehehehehehe.

I also predict that memecoins will dump because utility coins and governance tokens will not anymore be in danger of being under a crackdown from the SEC. Institutional investors will begin to pump utility coins and governance tokens which will cause the small minnows to dump their memecoins and buy the tokens that are being pumped by institutional investors.



Trump Said to Consider Crypto Lawyer Teresa Goody Guillén to Lead SEC

Goody Guillén is a seasoned securities lawyer with experience serving the SEC and opposing the agency on behalf of blockchain companies and traditional businesses.

President-elect Trump is seeking a pro-crypto non-bureaucrat to drastically overhaul the SEC with light-touch regulation, the sources said.

Teresa Goody Guillén, a veteran of the U.S. Securities and Exchange Commission, is among the candidates president-elect Donald Trump is considering to lead the agency, people familiar with the situation said.

Read in full https://www.coindesk.com/policy/2024/11/19/trump-said-to-consider-crypto-lawyer-teresa-goody-guillen-to-lead-sec/