Topic: How Joe Biden's Picks for SEC, Treasury Will Impact Crypto - page 2. (Read 290 times)
As far as I can remember, the same thing can be said when Trump took office, he will be friendly to crypto because he surrounds himself of so called crypto/blockchain advisors. But we didn't see anything change to crypto/blockchain during his tenure. And so we can say that same with Biden here, I'm not seeing any U-turn on crypto specially bitcoin, they will continue to 'regulate', but not with strong hand, tell will just let it flourish like the Trump administration.
I believe biden's adminstration will be friendly to Cryptocurrency especially on top coins like BTC, ETH, XRP after a big news from SEC before few months XRP faced a big blow and I hope the results will go on public favour as loads of money has been invested in XRP, and I guess they won't disappoint anyone.
And yes regulations will surely be there in upcoming days because they wanted to secure dollar
This change in administration will be a lynchpin to the status of cryptocurrency, if they were friendly and have the regulations that does not set back the progress of cryptocurrency and bitcoin in their country then good thing because many countries will try to follow the footsteps of USA when it comes to some regulations that involves economy or cryptocurrency, some would even want to reference their regulations based on what USA will do because some of them do not know or do not have the resource to deal with regulating cryptocurrency. And yes regulations will surely be there in upcoming days because they wanted to secure dollar
What we should not fail to realize is the fact that the united states of America practice capitalism even though with regulations. The point is that regulation are there not to negatively prevent growth but to ethically guide the growth, operation and development of any industry. so, i feel that is what these two appointee will do, to ensure that the industry is regulated in the best way, so that the economy will benefit as well as the government.
Ah, it’s nice to see that the link that you posted on the bottom is just a regular source instead of your own blog spam. But onto the topic here:
Pretty sure that the Biden admin is going to be pretty crypto friendly, given the fact that his second largest donor is Sam Bankman Fried with a $5,000,000 donation to his campaign - https://www.coindesk.com/cryptocurrency-ceo-donated-second-largest-amount-to-joe-bidens-campaign
Not expecting TOO MUCH CHANGE. Probably more IRS audits for crypto stuff, but that’s that IMO.
yeah, I read newspapers and Biden seems to be nice to crypto. Maybe he'll make crypto better, I suppose Pretty sure that the Biden admin is going to be pretty crypto friendly, given the fact that his second largest donor is Sam Bankman Fried with a $5,000,000 donation to his campaign - https://www.coindesk.com/cryptocurrency-ceo-donated-second-largest-amount-to-joe-bidens-campaign
Not expecting TOO MUCH CHANGE. Probably more IRS audits for crypto stuff, but that’s that IMO.
US is not China. Whatever changes will be, there will not be big.
And what could affect? The price? The world is discovering crypto and US was always afraid to not remain behind.
I don't think that anything big will be done against crypto.
I see all this only usual newspaper noise.
And what could affect? The price? The world is discovering crypto and US was always afraid to not remain behind.
I don't think that anything big will be done against crypto.
I see all this only usual newspaper noise.
I believe biden's adminstration will be friendly to Cryptocurrency especially on top coins like BTC, ETH, XRP after a big news from SEC before few months XRP faced a big blow and I hope the results will go on public favour as loads of money has been invested in XRP, and I guess they won't disappoint anyone.
And yes regulations will surely be there in upcoming days because they wanted to secure dollar
And yes regulations will surely be there in upcoming days because they wanted to secure dollar
If by "friendly" you mean scare people off the USD w/ massive inflationary pressure, then I agree with ya.
Nothing major is going to change, small cases of enforcing regulations here and there is not going to affect bitcoin and it is not going to be any different from the past 12 years in any of the previous administrations in one country!
The only thing major that would be worth concerning over is if one administration adopted bitcoin with open arms and removes taxes on it like what Japan did 4 yeas ago or outright ban it like what Bangladesh did. And neither one of these two scenarios are happening so it is not worth even discussing.
Everything else they do to centralized shitcoins such as XRP, ETH,etc. doesn't matter because it does not affect bitcoin and they can do it because they are "centralized".
The only thing major that would be worth concerning over is if one administration adopted bitcoin with open arms and removes taxes on it like what Japan did 4 yeas ago or outright ban it like what Bangladesh did. And neither one of these two scenarios are happening so it is not worth even discussing.
Everything else they do to centralized shitcoins such as XRP, ETH,etc. doesn't matter because it does not affect bitcoin and they can do it because they are "centralized".
Well butt hurt "Janet Yellen" will have to get her revenge on "The Bitcoin Guy" ..after he sabotaged her speech on live TV. So we will see some kind of backlash for that in these new regulations that they are planning.
Let's just hope it is not anything close to this ---> "BitLicense" (New York) : https://en.wikipedia.org/wiki/BitLicense where Benjamin Lawsky really tried to screw Bitcoin back in 2014.
It will push Bitcoin use underground and it will only slow it down a bit, but illegal transactions will increase and taxes will not be paid.
Let's just hope it is not anything close to this ---> "BitLicense" (New York) : https://en.wikipedia.org/wiki/BitLicense where Benjamin Lawsky really tried to screw Bitcoin back in 2014.
It will push Bitcoin use underground and it will only slow it down a bit, but illegal transactions will increase and taxes will not be paid.
I believe biden's adminstration will be friendly to Cryptocurrency especially on top coins like BTC, ETH, XRP after a big news from SEC before few months XRP faced a big blow and I hope the results will go on public favour as loads of money has been invested in XRP, and I guess they won't disappoint anyone.
And yes regulations will surely be there in upcoming days because they wanted to secure dollar
And yes regulations will surely be there in upcoming days because they wanted to secure dollar
- Gary Gensler is expected to lead the SEC, and there’s likely to be a bigger focus on crypto exchanges and trading platforms.
Many people are concerned that Gary Gensler will assist the SEC to submerge XRP or create a good healing instead of letting the court decide.
https://www.investopedia.com/what-does-gary-gensler-as-sec-chief-mean-for-crypto-5095573[/list]
There's noise about Janet Yellen, Janet Yellen Reveals Plans for Bitcoin — Sees Cryptocurrencies Used Mainly for Illicit Financing .
And I would say that this is one FUD that started when this news was released on January 21 and then the final catalyst is the supposedly "double spend".
In any case though, I agree with @squatz1, nothing will change, probably bitcoin will be the 'collateral' damage in terms of terrorism. But in the long run, we can still survived, and remember this? Famed investor Mike Novogratz expects a Biden victory and a Republican-controlled Senate to boost tech stocks and Bitcoin,
And I would say that this is one FUD that started when this news was released on January 21 and then the final catalyst is the supposedly "double spend".
In any case though, I agree with @squatz1, nothing will change, probably bitcoin will be the 'collateral' damage in terms of terrorism. But in the long run, we can still survived, and remember this? Famed investor Mike Novogratz expects a Biden victory and a Republican-controlled Senate to boost tech stocks and Bitcoin,
Ah, it’s nice to see that the link that you posted on the bottom is just a regular source instead of your own blog spam. But onto the topic here:
Pretty sure that the Biden admin is going to be pretty crypto friendly, given the fact that his second largest donor is Sam Bankman Fried with a $5,000,000 donation to his campaign - https://www.coindesk.com/cryptocurrency-ceo-donated-second-largest-amount-to-joe-bidens-campaign
Not expecting TOO MUCH CHANGE. Probably more IRS audits for crypto stuff, but that’s that IMO.
Pretty sure that the Biden admin is going to be pretty crypto friendly, given the fact that his second largest donor is Sam Bankman Fried with a $5,000,000 donation to his campaign - https://www.coindesk.com/cryptocurrency-ceo-donated-second-largest-amount-to-joe-bidens-campaign
Not expecting TOO MUCH CHANGE. Probably more IRS audits for crypto stuff, but that’s that IMO.
Joe Biden has picked two high-profile individuals to fit these big roles. Experts discuss how they will affect the crypto industry.
In brief
Following Biden’s inauguration, there will be an array of new faces in Washington, including several who will have oversight of the crypto markets, including Gary Gensler and Janet Yellen.
To know more detailed about their information and joe bidens announcement about bitcoin with gary and janet information check this news source.
https://decrypt.co/55421/how-joe-bidens-picks-for-sec-treasury-will-impact-crypto
In brief
- Major regulatory agencies in the US are in the middle of a leadership shift.
- Gary Gensler is expected to lead the SEC, and there’s likely to be a bigger focus on crypto exchanges and trading platforms.
- Former chair of the Federal Reserve Janet Yellen has been confirmed as Treasury Secretary.
Following Biden’s inauguration, there will be an array of new faces in Washington, including several who will have oversight of the crypto markets, including Gary Gensler and Janet Yellen.
To know more detailed about their information and joe bidens announcement about bitcoin with gary and janet information check this news source.
https://decrypt.co/55421/how-joe-bidens-picks-for-sec-treasury-will-impact-crypto
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