Topic: How do you think crypto donations to campaigns might shape Bitcoin regulation? (Read 440 times)
October 25, 2024, 04:39:36 PM
I do not think that they're going to be affected with such decisions in relation to altcoins that are donated to them. What they will remember is that someone donated to their campaign and that's it. It won't amaze them whether it's in the form of any altcoins or Bitcoins because what looks to them is that they're just supporters that are willing to place in money so that they can work on their campaign. And there's always the friends of friends that are willing to donate and help for that cause without the need to let them know that they have donated. Whether Trump or Kamala would say "I will do this....crypto/bitcoin blah blah blah". It's still about "I will" and it could possibly change and forgotten because there are other more important issues for them to do and solve.
October 25, 2024, 03:31:54 PM
I read that "Ripple Labs Founder Donates Another $10 Million in XRP to Support Kamala Harris," and we all know Ripple still has that ongoing SEC case. By principle, politicians shouldn't take gifts that could mess with their decision-making. So, what if Kamala becomes president? Ripple will definitely expect something back for their support.
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?
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?
All this political donations will not change anything. Bitcoin aside, in the previous elections that has been held in the US and other influencial countries, the campaign promises are just like waste of saliva people used and forget and I think this is another campaign that is going to be left in the dark, those politicians are very wise with their choice of endorsement because they fear the fire back that will comes back to them, so this changes nothing.
Trump was pro Bitcoin eventually when he wasn't in the office again and was campaign like he was going to pass a bill for Bitcoin to have a place in the US but let's wait and see him win the election, that's when you will realize how terrible he is a president and a leader who campaign with Bitcoin. Politicians are shameless people that forgwt easily but whoever wins the election, it changes nothing about Bitcoin.
October 25, 2024, 02:51:59 PM
But maybe the biggest change, if Kamala decides to help, could be making Bitcoin a legal tender. That could set the stage for other countries to follow suit.
Do you truly believe that will happen in a country like the U.S., i do not think so, the U.S. cannot make another currency a legal tender alongside the dollar. If we are to get another country that will make BTC a legal tender after El Salvador, then i doubt that it will be a first world country, it will probably be a third world country. 
October 25, 2024, 01:24:33 PM
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?
If you look at it from the perspective of a decision that would alter the course of coins as we have it, where altcoins would be favored by a seating government due to donations from a campaign perspective, I doubt we would have that. In fact, it would be an inter conflict that would exist between altcoins than Bitcoin.It’s also unlikely that, there would be some subjective to certain cryptocurrency over the other. I mean, where would they look at it? From a point of ease to regulate or something else?
At most, they would project one above the other and that’s the height of it.
October 25, 2024, 12:32:14 PM
No it will not. In the political scene those things are normal. They are doing to register their present to the government so that the government policies will not against them and not to over take bitcoin. Government decision will not over shadow bitcoin. And the only thing that can over take bitcoin is the population of the altcoins. If the users are more than the users of bitcoin then the altcoin will definitely overpower bitcoin and not the government policies. Bitcoin store of value is very high and only this year investors have made profit many times. But investors of altcoins like Ethereum even loses the more so they can't pass bitcoin in any form. Since everyone want their projects to be known, they would donate to support the candidate of their choice. But you have to know that bitcoin has nobody to donate to but it is still leading the cryptocurrency ecosystem. It is only the users donate their portion of bitcoin to support the candidate of their choice and not the founder or related but the users like me and you.
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October 25, 2024, 11:55:25 AM
What ever influence a politician must have impacted in any altcoins, it can not make such altcoins to be the best choice of all investors. Every investor still have their preference for what ever coins or token they want to invest into and the politicians can not detect or force people on the token they should buy or not.
The donation of ripple is actually because they need something in return but I doubt if kamala can win the election.
Politicians could only change a persons idea based on how much they love that politicians. I mean think about it this way, if you are very much in love with Kamala Harris and you love her so much that you are going out and trying to get a lot of votes for her and work everyday to get her some voters basically working for her every single day, then you are going to end up with a lot of people like that investing into Ripple because how Ripple is investing in her election as well.The donation of ripple is actually because they need something in return but I doubt if kamala can win the election.
However, if you are a person who doesn't care about her or any other politician then you are not going to care, then it's all about if you like Ripple or not, if you do then you can get it and if you don't then you won't, on the other hand if you are a Trump supporter then you are going to sell any Ripple you have and never buy one neither. This is why that is what matters and we should be considering how this is going to be the most important part and not going to matter much.
I understand what you means and you are actually right about it, it's quite easy to convince your followers to do something and they can just agree to do it freely because of the love they have for you but what I mean is that, it is not also possible that a politician can just make all investors to buy into one altcoin. Many persons will still have their choices on other coins.
October 25, 2024, 07:45:32 AM
What ever influence a politician must have impacted in any altcoins, it can not make such altcoins to be the best choice of all investors. Every investor still have their preference for what ever coins or token they want to invest into and the politicians can not detect or force people on the token they should buy or not.
The donation of ripple is actually because they need something in return but I doubt if kamala can win the election.
Politicians could only change a persons idea based on how much they love that politicians. I mean think about it this way, if you are very much in love with Kamala Harris and you love her so much that you are going out and trying to get a lot of votes for her and work everyday to get her some voters basically working for her every single day, then you are going to end up with a lot of people like that investing into Ripple because how Ripple is investing in her election as well.The donation of ripple is actually because they need something in return but I doubt if kamala can win the election.
However, if you are a person who doesn't care about her or any other politician then you are not going to care, then it's all about if you like Ripple or not, if you do then you can get it and if you don't then you won't, on the other hand if you are a Trump supporter then you are going to sell any Ripple you have and never buy one neither. This is why that is what matters and we should be considering how this is going to be the most important part and not going to matter much.
October 23, 2024, 04:44:07 PM
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.
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October 23, 2024, 01:45:15 PM
I read that "Ripple Labs Founder Donates Another $10 Million in XRP to Support Kamala Harris," and we all know Ripple still has that ongoing SEC case. By principle, politicians shouldn't take gifts that could mess with their decision-making. So, what if Kamala becomes president? Ripple will definitely expect something back for their support.
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?
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?
What ever influence a politician must have impacted in any altcoins, it can not make such altcoins to be the best choice of all investors. Every investor still have their preference for what ever coins or token they want to invest into and the politicians can not detect or force people on the token they should buy or not.
The donation of ripple is actually because they need something in return but I doubt if kamala can win the election.
October 23, 2024, 01:27:28 PM
I read that "Ripple Labs Founder Donates Another $10 Million in XRP to Support Kamala Harris," and we all know Ripple still has that ongoing SEC case. By principle, politicians shouldn't take gifts that could mess with their decision-making. So, what if Kamala becomes president? Ripple will definitely expect something back for their support.
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?
Definitely it will favour altcoins. Because already they are looking for possible means to reduce bitcoin to nothing, even though trump wins the election, bitcoin will still stand firm more than any cryptocurrency, its self explanatory that any other coins emulate from bitcoin and theirs no way they can excel more than bitcoin, bitcoin is like the father of all the cryptocurrencies today, so we all know that people is combining to boasts one particular altcoins that will supercedes bitcoin, which you and I know that it's impossible to achieve. 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?
October 23, 2024, 01:03:30 PM
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?
You never know! Politicians are the most notorious kind of human beings in the world and they can do whatever they wish to do. Ripple didn't spend that donation as a charity. They will definitely expect something back from the administration of Kamala wins the election.
But I don't see them favouring altcoins over Bitcoin. All of them understand the power of Bitcoin and they also realise that it is impossible to dethrone Bitcoin. But when politicians are involved, you can expect the unexpected.
October 23, 2024, 12:02:52 PM
Of course donations can affect bitcoin's future. But Trump is already pro-crypto. He has attended the bitcoin conference unlike Kabala that is known for her anti-bitcoin policies. I think Trump even has a bitcoin donation address.
Take a look at that:
https://www.donaldjtrump.com/crypto
If you make a donation to Trump via crypto, this will probably affect his plans for crypto in the future. I mean he is already as pro crypto as a presidential candidate can get but maybe he will go even beyond that. If you are going to donate Trump's campaign you better do that using crypto that's all I am saying.
Take a look at that:
https://www.donaldjtrump.com/crypto
Quote
Now accepting crypto
Demonstrating President Trump’s success as a champion of American freedom and innovation, we proudly offer you a chance to contribute to the campaign with cryptocurrency. Saving our nation from Biden’s failures requires your support. As Biden piles regulations and red tape on all of us, President Trump stands ready to embrace new technologies that will Make America Great Again.
Demonstrating President Trump’s success as a champion of American freedom and innovation, we proudly offer you a chance to contribute to the campaign with cryptocurrency. Saving our nation from Biden’s failures requires your support. As Biden piles regulations and red tape on all of us, President Trump stands ready to embrace new technologies that will Make America Great Again.
If you make a donation to Trump via crypto, this will probably affect his plans for crypto in the future. I mean he is already as pro crypto as a presidential candidate can get but maybe he will go even beyond that. If you are going to donate Trump's campaign you better do that using crypto that's all I am saying.
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October 23, 2024, 09:33:21 AM
I read that "Ripple Labs Founder Donates Another $10 Million in XRP to Support Kamala Harris," and we all know Ripple still has that ongoing SEC case. By principle, politicians shouldn't take gifts that could mess with their decision-making. So, what if Kamala becomes president? Ripple will definitely expect something back for their support.
I saw this news too, and honestly, I shook my head when I read it, it's absolutely certain that if kamala Harris eventually wins the US presidential election to become the president of US (which I personally pray it doesn't happen), ripple will definitely need a return of the favor, since what we actually talking about here is money, and not just money, but huge money, which such a donation, ripple is simply buying the conscience of kamala Harris, and I won't be surprised to see her favor ripple if for whatever reason, she became US president.
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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?
There is no way regulators in the government will favor Altcoins and leave bitcoin behind, not when several of them are heavily invested in bitcoin mostly.
October 23, 2024, 08:13:07 AM
I read that "Ripple Labs Founder Donates Another $10 Million in XRP to Support Kamala Harris," and we all know Ripple still has that ongoing SEC case. By principle, politicians shouldn't take gifts that could mess with their decision-making. So, what if Kamala becomes president? Ripple will definitely expect something back for their support.
And what if politicians take donations in altcoins, like how Trump also received some? Does that mean their decisions on regulations could end up favoring altcoins over Bitcoin?
As far as I know, it's legal in the USA for businesses and organizations to donate millions of dollars to politicians in exchange for winning, they'll do something in their favour, so I expect that Ripple donated 10$ Million in XRP to Kamala Harris because they expect something from her. I don't know what is this something.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?
There haven't been crypto donations done before. I think that the next time there might be some regulations on Bitcoin and crypto donations but their decision won't favour altcoins over Bitcoin because they think about Bitcoin as an asset similar to Gold, which they'll probably invest in and save.
Btw regulations might be about the transparency of Bitcoin transactions. I think they'll have to declare who sent them the transaction and how much because imagine the president receiving Bitcoins from an unknown source or from a wallet that's tagged, that can quickly become a scandal.
October 23, 2024, 07:41:43 AM
I read that "Ripple Labs Founder Donates Another $10 Million in XRP to Support Kamala Harris," and we all know Ripple still has that ongoing SEC case. By principle, politicians shouldn't take gifts that could mess with their decision-making. So, what if Kamala becomes president? Ripple will definitely expect something back for their support.
Business owners can donate to political parties for many reasons. Elon Musk has committed close to $70 million to the reelection of former president Donald Trump. Musk is believed to like Trump's proposed tax policies and his stance on transgender and abortion. Trump has also promised to make him part of his team if he becomes president. Ripple's donation might be targeted at having a soft landing from the legal battle with the SEC. However, the US system is highly complex a just a donation might not be able to influence government decisions. We all know that Sam Bankman-Fried donated close to $100 million to political parties but it didn't stop FTX from going bankrupt and him going to jail.
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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?
Bitcoin is like the locomotive in the train, while altcoins are like the coaches. No matter how you try you cannot move the coaches without the engine. 
October 23, 2024, 07:32:11 AM
10 million will not affect the US elections or obligate the winner to implement a certain political direction, but I believe that what Chris Larsen did was for personal purposes or an attempt to pump XRP more than it was a real change.
In general, the news is not new, as there is:
- Billionaire Ripple founder has given more than $11.8 million to Harris campaign
- Harris PAC’s $1 million contribution from Ripple’s Chris Larsen shows crypto industry warming to VP
In general, the news is not new, as there is:
- Billionaire Ripple founder has given more than $11.8 million to Harris campaign
- Harris PAC’s $1 million contribution from Ripple’s Chris Larsen shows crypto industry warming to VP
October 23, 2024, 07:18:45 AM
I read that "Ripple Labs Founder Donates Another $10 Million in XRP to Support Kamala Harris," and we all know Ripple still has that ongoing SEC case. By principle, politicians shouldn't take gifts that could mess with their decision-making. So, what if Kamala becomes president? Ripple will definitely expect something back for their support.
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?
The first rule for candidates who are currently fighting in politics is that any type of donation is not a problem, they don't care what they donate because as long as it can provide additional funds for the campaign it will always be accepted. Elon Musk as Trump winning team poured out $1 million for one person in a certain area who has the right to vote in the upcoming election and now it is worth more than $75 trillion.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?
Kamala policy is very much against Bitcoin and it is in line with the Biden administration. However there are exceptions during the campaign period and she does not want to limit the voices of her supporters so donations from Ripple which is undergoing a long case are still welcomed. Maybe Ripple goal in becoming a donor is to make a special request if Kamala is elected later.
October 23, 2024, 06:44:57 AM
That could be true because they think that by donating to politicians, they can get a strong support from them. Politicians should not take gifts no matter what the reason. That can give different views from citizens and when they get elected and make a regulations that benefit one project, that will show to citizens that it is because of the gifts.
If those politicians don't want to relate to rumors or any news, they should be neutral and not receives anything from anyone. They should focus on their programs. When they get elected, they can learn more about crypto and make good regulations that will support crypto because of the benefits.
Well, we will see it later. Hopefully, that can give crypto more opportunity to gets more adoption by the people.
If those politicians don't want to relate to rumors or any news, they should be neutral and not receives anything from anyone. They should focus on their programs. When they get elected, they can learn more about crypto and make good regulations that will support crypto because of the benefits.
Well, we will see it later. Hopefully, that can give crypto more opportunity to gets more adoption by the people.
October 22, 2024, 09:42:47 PM
I read that "Ripple Labs Founder Donates Another $10 Million in XRP to Support Kamala Harris," and we all know Ripple still has that ongoing SEC case. By principle, politicians shouldn't take gifts that could mess with their decision-making. So, what if Kamala becomes president? Ripple will definitely expect something back for their support.
Ripple Labs supported Harris's election financially and also made the money available in XRP proves two points; It sends a message that Ripple is a viable crypto and For Harris to consider when becomes the present. Although this is not automatic support for XRP, nevertheless, the case could be thwarted if is there are vested interest in it. I even wonder why the case of Ripple is like this among others, though not criminal, let's see where it leads.Also, anyone can donate to any candidate of choice, it's no big deal, the main thing is for the money to be legit.
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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?
Not at all, I am sure he receives Bitcoin donations as well, the fight for crypto is for all of them. 
October 22, 2024, 04:54:57 PM
Or put it this way: if they don’t plan on giving anything back to crypto devs, they shouldn’t accept crypto donations, simple as that.
I don't know why you think accepting cryptocurrencies is different from "accepting any money from businesses".Without business funding, presidential campaigns would have much less money. There are countries like France where business donations indeed are banned, but in many it is seen as "normal". And if some business from "industry X" donates to a candidate, then often there is obviously an expectation that this may help the business, e.g. via "friendly" regulations.
I think however if Ripple expects "help" in the specific case of the SEC against them, that may be indeed illegal and a corruption case. However, it would be completely legal if the Congress after the election creates or changes legislation so it's friendly to Ripple. This is probably the intention of the donations: to create a friendly environment for the own lobbyists.
By the way, the president can't appoint the SEC chair on its own, he needs consent of the Senate. And he can't "fire" a chair while their mandate is still running.
October 22, 2024, 03:58:03 PM
I read that "Ripple Labs Founder Donates Another $10 Million in XRP to Support Kamala Harris," and we all know Ripple still has that ongoing SEC case. By principle, politicians shouldn't take gifts that could mess with their decision-making. So, what if Kamala becomes president? Ripple will definitely expect something back for their support.
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?
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?
This might interest you again. About $190m crypto donations has been made so far since campaign started as reported by Watcher Guru.
I never expect Bitcoin and other coins could be this influence to US election this year but I hope this news headlines don't get forgotten when they assume the office of the President because politicians are all the same across all the globe. Yesterday, I saw Trump in McDonald's serving customers and I was out of words, thought this happen only in Africa where politicians are been polite before election and turn beats later, hope this gestures continues after tye elections.
I think Bitcoin doesn't stop in the US and it will not end there but even if US is friendly with Bitcoin, there are some countries regulations that will never change, there believe is what they will believe but perhaps more adoption like this will change their understanding later.
October 22, 2024, 03:35:54 PM
Are you aware that for instance Harris doesn't accept crypto donations directly. It's done by one of her committees. These PAC's work individually and come up with their own plans and ideas to earn money for a candidate. They usually don't even consult anything with the candidate and they don't connect donators with the candidate, so if you give them money there's no way you can attach a private message to Kamala 
IMO XRP does it as a PR move. Usually it's not the PAC that will inform the public about the donation, but the donator, so they donated and immediately went to the media so that everybody knows:
-they are doing well financially and have excess money they can spend on donations
-they support democrats
TBH I couldn't care less about XRP and which political party they send money to. Cryptocurrencies should remain apolitical.
IMO XRP does it as a PR move. Usually it's not the PAC that will inform the public about the donation, but the donator, so they donated and immediately went to the media so that everybody knows:
-they are doing well financially and have excess money they can spend on donations
-they support democrats
TBH I couldn't care less about XRP and which political party they send money to. Cryptocurrencies should remain apolitical.
October 22, 2024, 03:32:24 PM
I read that "Ripple Labs Founder Donates Another $10 Million in XRP to Support Kamala Harris," and we all know Ripple still has that ongoing SEC case. By principle, politicians shouldn't take gifts that could mess with their decision-making. So, what if Kamala becomes president? Ripple will definitely expect something back for their support.
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?
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?
I don't really think all these donating and donations will have any impact whatsoever although that's from my won perspective and the reason why is because most of all these are just political strategies just like the way Bitcoin was paraded in Argentina by one of the candidate for their past Presidential elections.
October 22, 2024, 03:16:10 PM
I read that "Ripple Labs Founder Donates Another $10 Million in XRP to Support Kamala Harris," and we all know Ripple still has that ongoing SEC case. By principle, politicians shouldn't take gifts that could mess with their decision-making. So, what if Kamala becomes president? Ripple will definitely expect something back for their support.
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?
Without Bitcoin, I doubt if altcoins will remain stronger in the crypto market, because we all know that Bitcoin is a major cryptocurrency pair on all major exchanges, of which if it is affected, every other coins stands to be indirectly affected too. Hence, Bitcoin will always remain stronger weather it's been used as s medium to support the forthcoming US presidential election or not. However, judging from the central message of the thread it says "Ripple Labs Founder Donates Another $10 Million in XRP to Support Kamala Harris",, it didn't say the founder of Bitcoin, hence, you wouldn't have expected the founder of XRP to use Bitcoin, instead of prioritizing his in support of Kamala Harris quest for presidency. 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?
October 22, 2024, 09:34:41 AM
So, what if Kamala becomes president? Ripple will definitely expect something back for their support.
I don't think there's anything she can do for them, not legally at least. The case is too in the open for her to do anything illegal. She is not the one in charge of the case; it's the SEC, and she can't influence that.
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?
There is no decision on regulations that would favour altcoins over bitcoin. They can only make regulations that might favour that particular coin, which would favour bitcoin. There is no way you can be against Bitcoin and be for other crypto projects. It just shows you're a greedy fraud who just wants to make money, and politicians wouldn't want to be seen that way, even if they are that.
All they can do is make favourable laws for crypto which also favours bitcoin.
October 22, 2024, 03:12:43 AM
Bitcoin and altcoins are different, there's no correlation at all if they regulate XRP, it doesn't influence them to regulate Bitcoin too.
Based on this picture, Trump will win the election.
Who cares with candidate committee, they're smaller than the whole population, Trump received more donation from outside money, so there are more people who support Trump over Kamala.
Who cares with candidate committee, they're smaller than the whole population, Trump received more donation from outside money, so there are more people who support Trump over Kamala.
October 22, 2024, 01:29:19 AM
Donations can be used to buy supports from corrupted political party and politicians who are in their governmental administration term but I believe in most of nations, it won't last forever.
This chart shows that things can be changed in countries with democracy and companies have to change their donation targets with time too. They need to maximize good effects from donation to their company benefit.
This chart shows that things can be changed in countries with democracy and companies have to change their donation targets with time too. They need to maximize good effects from donation to their company benefit.
Yeah, however, it all depends on the year and the campaign.
Only time will tell how it may affect the BTC itself, but I wouldn't say that much.
After all, we are talking about politicians - they can say anything and do all in reverse
October 22, 2024, 01:26:45 AM
Donations can be used to buy supports from corrupted political party and politicians who are in their governmental administration term but I believe in most of nations, it won't last forever.
This chart shows that things can be changed in countries with democracy and companies have to change their donation targets with time too. They need to maximize good effects from donation to their company benefit. How Twitter and Facebook censored tweets, posts, news feed recent years are examples.
This chart shows that things can be changed in countries with democracy and companies have to change their donation targets with time too. They need to maximize good effects from donation to their company benefit. How Twitter and Facebook censored tweets, posts, news feed recent years are examples.
October 22, 2024, 01:20:18 AM
I think this poses risks of conflicts of interest and could influence their regulatory decisions in favor of altcoins, to the detriment of Bitcoin. This raises ethical concerns about the impartiality and integrity of political decision-making.
October 21, 2024, 09:38:16 PM
You can see all the donation details at https://www.opensecrets.org/. Not sure if crypto is already counted in those numbers, but it's clear the total donations are huge--$10M is just a small slice of the pie. We can't be certain what the plan is, but if Kamala does end up helping Ripple, it better be justified. Otherwise, she'll get called out, maybe even sued, and I doubt she’d want that. Imagine being the first female President in US history and then facing a lawsuit like that, not a good look.
As for Bitcoin regulation, there’s nothing particularly special right now. It’s treated like property, and people can trade it as long as they pay their taxes. But maybe the biggest change, if Kamala decides to help, could be making Bitcoin a legal tender. That could set the stage for other countries to follow suit.
As for Bitcoin regulation, there’s nothing particularly special right now. It’s treated like property, and people can trade it as long as they pay their taxes. But maybe the biggest change, if Kamala decides to help, could be making Bitcoin a legal tender. That could set the stage for other countries to follow suit.
October 21, 2024, 09:23:42 PM
To the date, I have never seen any alt surpassing the Bitcoin in terms of popularity, pricing, volume and increasing caps.
Altcoins are just profound ways to transfer huge sums of money without getting charged for it in terms of taxations unless and until you get them converted to fiat and withdraw in a bank.
The trade that is outplayed in OP, is just another example of using alts for money exchange to avoid any forthcoming actions against Ripple. Many things goes into it, but at the end lets say Bitcoin cant be beaten.
Altcoins are just profound ways to transfer huge sums of money without getting charged for it in terms of taxations unless and until you get them converted to fiat and withdraw in a bank.
The trade that is outplayed in OP, is just another example of using alts for money exchange to avoid any forthcoming actions against Ripple. Many things goes into it, but at the end lets say Bitcoin cant be beaten.
October 21, 2024, 09:06:46 PM
Provided there isn't a quid pro quo arrangement, it's not really that bad. After all, it's not like Kamala is directly asking Ripple for donations. They're probably given voluntarily and willingly in support of Kamala's campaign, and without demanding or even expecting any favor in return.
However, it's within our nature to remember those who helped us when we needed them most. I guess it's hard to be purely objective. Should Kamala win, she will probably carry with her much gratitude toward Ripple. And it's possible she would somehow be lenient in dealing with it when the time comes. This is certainly what's in the mind of these companies. No strings attached doesn't exist.
I don't expect Bitcoin to be sidestepped. Even altcoins bow down to it. There's nothing to worry.
However, it's within our nature to remember those who helped us when we needed them most. I guess it's hard to be purely objective. Should Kamala win, she will probably carry with her much gratitude toward Ripple. And it's possible she would somehow be lenient in dealing with it when the time comes. This is certainly what's in the mind of these companies. No strings attached doesn't exist.
I don't expect Bitcoin to be sidestepped. Even altcoins bow down to it. There's nothing to worry.
October 21, 2024, 09:01:10 PM
Yes, surely if she gets elected as president then she will return the favor somehow and there's chance that favor might be the approval from SEC. In politics that always happens and such favors mostly become fruitful because the intention of sending such donations is always to expect some return. It won't impact Bitcoin in anyway but surely it can somehow open doors from XRP during the presidency of Kamala if she become president.
Well it think it's better to use the statement; " if she gets elected as president then she may likely return the favour" this is because she is actually not obligated in any way to return their favour at all costs. Anyways I believe all these are just speculations since chances have it that she may or may not. However I really don't think that these donations will make altcoins progress better than bitcoin.
I think the worst that could probably happen is that stricter regulations may be put in place probably against decentralisation however it's not actually guaranteed that any of these will happen. Last time I checked, US citizens are core users of bitcoin and I think that implies that there are a majority of decentralisation enthusiasts there too.
October 21, 2024, 08:51:23 PM
I read that "Ripple Labs Founder Donates Another $10 Million in XRP to Support Kamala Harris," and we all know Ripple still has that ongoing SEC case. By principle, politicians shouldn't take gifts that could mess with their decision-making. So, what if Kamala becomes president? Ripple will definitely expect something back for their support.
Ripple is a centralized shitcoin and SEC for many months centralized in Gary Gensler hands except recent months the SEC Chairman was forced to approve Bitcoin Spot ETFs and Ethereum Spot ETFs.The donation to Kamala Harris from Ripple can be their attempts to buy support from Kamala Harris if she gets elected and surely will order something on SEC to support Ripple. We know the Democratic Party are abusing laws and courts for their benefits.
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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?
No altcoin will become Bitcoin killer, history proves that since 2009. Many altcoins died and many self-claimed "Bitcoin killer" altcoins died too.Altcoins can be more favorite than Bitcoin in bull run but let's see how a cryptocurrency bull run starts. It surely starts with Bitcoin, without Bitcoin bull run, no altcoin bull runs.
October 21, 2024, 07:07:59 PM
So, what if Kamala becomes president? Ripple will definitely expect something back for their support.
Ripple will be expecting something back, but that does not mean that they must get something back for their support.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?
If the politician in question is someone who feels like they must reward everyone who supported them in securing a political position, then it is possible that the crypto donations they've received in altcoins can actually influence them into making decisions that will favor the coins that they received over Bitcoin, but if it's a politician that cares less for rewarding people who have supported him directly or, or rather, reward them in other ways, then we shouldn't expect any form of crypto donation to have an effect on them and the decision they plan to make.
October 21, 2024, 06:57:16 PM
So, what if Kamala becomes president? Ripple will definitely expect something back for their support.
Yes, surely if she gets elected as president then she will return the favor somehow and there's chance that favor might be the approval from SEC. In politics that always happens and such favors mostly become fruitful because the intention of sending such donations is always to expect some return. It won't impact Bitcoin in anyway but surely it can somehow open doors from XRP during the presidency of Kamala if she become president. 
October 21, 2024, 06:46:07 PM
So, what if Kamala becomes president? Ripple will definitely expect something back for their support.
Ripple will be expecting something back, but that does not mean that they must get something back for their support.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?
If the politician in question is someone who feels like they must reward everyone who supported them in securing a political position, then it is possible that the crypto donations they've received in altcoins can actually influence them into making decisions that will favor the coins that they received over Bitcoin, but if it's a politician that cares less for rewarding people who have supported him directly or, or rather, reward them in other ways, then we shouldn't expect any form of crypto donation to have an effect on them and the decision they plan to make.
October 21, 2024, 06:43:46 PM
I read that "Ripple Labs Founder Donates Another $10 Million in XRP to Support Kamala Harris," and we all know Ripple still has that ongoing SEC case. By principle, politicians shouldn't take gifts that could mess with their decision-making. So, what if Kamala becomes president? Ripple will definitely expect something back for their support.
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?
Such donations shouldn't bother you but you should instead be delighted because in which ever way, it will favour the cryptocurrency industry. It is obvious that Trump is a pro bitcoin candidate. Gifts to Harris is trying to strike a balance such that anyone who emerges as a winner, the industry will not be negatively impacted. It is more risky when it is just one sided (the side of Trump), when he losses, things will shatter. But now, with Harris accepted the XRP donation, we are sure she wouldn't go against crypto even if she doesn't want to help it.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?
Don't think much, in the eyes of the government, there's no great distinction between bitcoin and altcoins, when one wins, the other has won and vice versa.
October 21, 2024, 06:39:49 PM
I read that "Ripple Labs Founder Donates Another $10 Million in XRP to Support Kamala Harris," and we all know Ripple still has that ongoing SEC case. By principle, politicians shouldn't take gifts that could mess with their decision-making. So, what if Kamala becomes president? Ripple will definitely expect something back for their support.
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?
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?
Taking donation cannot guarantee anything if you mean towards crypto adoption, but for sure those donators would get a favor if their candidate supported will win. We see how many times ripple got bothered by many controversy and face many trials so maybe what they do is somehow to stop this cases under since maybe Harris camp would think about that they owe one from ripple founder when campaign periods happen then maybe save their asses out of those controversies.
But at least they see how useful crypto is by using on those transactions and maybe they can see it as currency with those matter and not only a risky investment option to take or use by people.
October 21, 2024, 06:33:40 PM
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?
Definitely not. Bitcoin still remain obviously the strongest. A coin that its creator is not known and that has the highest marketcap among them all. Regardless of who won the election, no altcoins will be favored than bitcoin. What I think more about Kamala Harris is that crypto will just be as normal as it is now. It is Trump that is having crypto plan which will definitely favour bitcoin more but no altcoin will be in bitcoin place if either of them is elected. October 21, 2024, 06:28:20 PM
I read that "Ripple Labs Founder Donates Another $10 Million in XRP to Support Kamala Harris," and we all know Ripple still has that ongoing SEC case. By principle, politicians shouldn't take gifts that could mess with their decision-making. So, what if Kamala becomes president? Ripple will definitely expect something back for their support.
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?
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?
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