Topic: Instead of attacking industry of the future, we will embrace them (Trump) (Read 120 times)

Though, his job as president of the USA is not precisely to care for the yield of Bitcoin investors, though. If we assume Trump is as pro-Bitcoin as we assume he is,.then he would push forward for a strategic Bitcoin reserve, in order to benefit the federal government in the future when Bitcoin continues to increase in value.
However, I am afraid the USA would not be interest into having strategic reserves which could be easily verifiable by anyone, they already have some troubles with the audits they have allowed to happen in Fort Nox, nobody in the public can be sure about the real amount of money there is under the custody of the Federal government, and they seem to be comfortable with such lack of transparency...

When Donard Trump was still running for the presidential election he made promises to Bitcoin investors and that is the promise his trying to fulfill, any regulation that will not support the growth of Bitcoin and Bitcoin investors will not be permitted by trump, some people are saying trump can't make changes that will support Bitcoin alone that it has to be debated, there are some bodies who are in charge when it concerns crypto in the United States one of them are the Internal Revenue Service (IRS) this body oversees taxation of cryptocurrency in the United States and the chairman of this body is always appointed by the president of the United States and confirmed my the Senate and can be removed by the president, that means Donard Trump can influence how the taxes payments of Bitcoin and other crypto coin investors will go, he don't need to debate it with anyone all he needs to do is discuss with the Internal Revenue Service (IRS)
and is done and that's because they work under his instructions.
The Securities and Exchange Commission (SEC) is also a body that plays key role in crypto regulation in the United States they Oversees securities and regulates Initial Coin Offerings (ICOs) and crypto projects that qualify as securities and the chairman is also appointed by the president of the United States meaning the president instruct them on what to do.
Donald Trump has every power as the US president to influence how Bitcoin and other crypto coin will work and operate in the United States in other to favor it's investors.

even though we are all aware that for this to come to reality, it is going to take due processes and a lot of debate even after trump is eventually sworn into office, but it is still rewarding to see his consistency in standing for the promises he has made before his election at this time that he has won the election. one thing most government are found wanting of is that they fight what has the potential of being of usefulness to them in the future maybe because they don't understand it or possibly because they don't agree with it. crypto and particularly bitcoin is the future of finance and whether some anti bitcoin folks like it or not it will only take time before we witness a full-blown adoption that will make any nation that fails to jump at it regret because they joined pretty late. this is what trump has seen, and this is this is the reason why he wants the united state to get started early enough so they stand a higher chance of being a major voice in the crypto space.

This is just the best thing to do because if he doesn't show support for cryptocurrency, people would still be investing in crypto any way. He must have learnt some lessons from his experience during his first term in office as president, so now instead of fighting what's so difficult to be defeated, it's better he embraces it and benefit from it too. I am certain that once all Trump's crypto plans are fully implemented, lots of other countries will become bold enough to implement some cryto friendly policies too which will be beneficial to all citizens. Our only prayer is that Trump should not act like some bad politicians who only make promises just to gain supporters.

As the January 20th inauguration comes close a lot of motivation and relief is being felt in the market and the volume of Bitcoin is increasing daily, despite the outgoing regime hostile approach to Bitcoin and crypto entirely, but as you rightly have said, Trump is going to set aside a lot of old anti-Bitcoin regulations in other to put in place policies that will rightly integrate Bitcoin into the US development plans and financial support since the Bitcoin strategic reserve is meant to support their economy in the future, so for sure they will be a lot of legal papers that have to pass through regulations like the lower and the upper chambers approving, so it a long walk down, but above all it going to have a lot of positive effects on the market as soon as the process starts.

It is cool that Trump actually understood that crypto is the industry of the future and he wants to position US very well in this industry. Very smart individuals are well positioned, take for example Elon musk and others.
Since I was convinced that Trump didn't dive into bitcoin for only political score, he did it sincerely, I fell in love with him.
My statement was "The crypto industry will breath free air for about 4 years". Even if Trump administration fail to make pro-bitcoin laws, we are sure he will also not make anti bitcoin laws.

Policies in the United States are determined by institutions and bodies that operate according to a general approach. No single party can take unilateral decisions without the approval of the rest of the bodies, and thus major decisions are decentralized (this also includes foreign policies). The Federal Reserve is one of the most important financial policymakers in America (and in the world as well) and we do not hear anything from it on an important issue like this. Add to that Congress with its various bodies and the Securities and Exchange Commission (SEC), which in turn operates according to the country's general policy directions and not in implementation of decisions from the White House (the executive authority).

In the US elections, it is clear that Kamala Harris (Democrats) was more clear and transparent about cryptocurrencies and did not want to implicate themselves with promises that they know they are unable to fulfill even if they wanted to. In contrast, Trump is not ashamed of his populism and therefore does not hesitate to make promises to gain greater support, and we have seen how he does not hesitate to make racist promises against immigrants and minorities.

Trump has shown some interest in making the US more receptive to the crypto industry. We expect that some of the anti-crypto  laws by the outgoing administration will be set aside for more flexible laws. But don't expect Trump to remove all regulations that protect the industry from fraudulent activities. Some laws need to be in place to avoid the 2022, crypto disaster that led to the fall of FTX, TerraUSD, and Luna. We shouldn't also have total trust in politicians because they can change their stance at any time.

I am aware of what Trump has promised to the people of the USA, specially those who are into Bitcoin and are afraid of hostile regulation, as those insane taxes on miners Biden wanted to put on place some months ago. Though, I am still skeptical he will actually fulfil his promise and pass regulation which would be a net win for those who hold Bitcoin or want to step up development within the decentralized ecosystem of alternative Cryptocurrencies.
The furthest he may go would be cutting taxes on gains gotten through the holding and speculation of Bitcoin, Ethereum and other decentralized assets.
Trump is specially good at cutting taxes on the rich, so let us see if he will cut taxes on the rich and also the common people who hold Bitcoin.

He won't be a crypto president, rather he will continue to wield a spear against the oriental eastern foes of USA and keep wagering commercial wars.

Another big support and relief for Bitcoin and the entire cryptocurrency industry, as we all expect some positive regulations of the industry in his second term as US President Donard Trump retreated his administration's focus on Bitcoin and the entire cryptocurrency, set to eliminate all anti-Bitcoin regulations and replacement them with x Bitcoin oriented registration, this will set the path for future cryptocurrency developments in the United States.

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