I dont think that the fate of cryptocurrency in the united states will determined by joe biden
Biden belong to an old generation and i dont think he interested in crypto
I think we must wait until joe announces his set of ministers after that we can predict the fate of crypto
Topic: Joe Biden’s Crypto Impact Is Unclear As He Wins Presidency - page 2. (Read 304 times)
So let's not get worried at this time because no one knows what policy impact Joe will bestow upon the market. Just wait and watch! The price drop has nothing to do with US presidential election. It is possibly a profit booking menace we have seen!
Not worried about it. Some of Joe campaign funds have been givem from a crypto exchange, taking gratitude for something like that will show some manners on his status. I know its shouldnt but if you are the winner of the election and you used funds from a certain perspective such as crypto would you do some appreciation?Anyway, I think somehow it got affected the market, since we all knew news output easily generate hype and fud over the market.
Crypto currency is far out of the president of the United State of Americas hands. Not only for the global reach of bitcoin but the chain of command. Bitcoin in the USA relies on the regulators that are far and far under the score of the POTUS. It's almost a whole different branch of government that rules on finical things related to crypto and the such. Sure there is probably some unrelated volatility because the change of the potus, however I wouldn't really expect any new regulations other then ones that push BTC forward (if perhaps to add my personal opinion it would be that btc rises as the feds will for sure print money even more and giant companies will pay more taxes rightfully)
Even though nothing is clear at this moment and I am sure nothing else will come up in next 6 months because Joe Biden will look at the priority concerns first.
I agree, right now he's main priority is the pandemic and this is why he's already formed a task decision which needs to come up with a tangible plan for
when he starts office in January. Cryptocurrency and quite understandably is not on his priority list.
However, I'm slightly concerned about how he's going to approach crypto in the future as it is true that he is a democrat and not a young one either. By
definition their opinion on something like BTC may sway in an unfavorable way, through what I guess might be legislation.
Perhaps though the pandemic might lead to a different path given that the economy needs to recover quickly.
As it is too early to tell what's gonna be his position when it comes to cryptocurrency.
Let us all hope that he will be positive when it comes to crypto legislation.
A lot of institutions already realized the benefits of crypto and blockchain technology during this pandemic.
So let us hope that his people that will look into it will also see those benefits.
Of course, this will not be his priority in the first 6 months, this pandemic should be his priority to help his fellow Americans.
Even though nothing is clear at this moment and I am sure nothing else will come up in next 6 months because Joe Biden will look at the priority concerns first.
I agree, right now he's main priority is the pandemic and this is why he's already formed a task decision which needs to come up with a tangible plan for
when he starts office in January. Cryptocurrency and quite understandably is not on his priority list.
However, I'm slightly concerned about how he's going to approach crypto in the future as it is true that he is a democrat and not a young one either. By
definition their opinion on something like BTC may sway in an unfavorable way, through what I guess might be legislation.
Perhaps though the pandemic might lead to a different path given that the economy needs to recover quickly.
Joe Biden is a 77 year old Democrat and Democrats are known for social conservatism but economic liberalism. While I don't think Joe Biden will take any drastic step against cryptocurrencies but given his age, there's a risk from policy perspective! Even though nothing is clear at this moment and I am sure nothing else will come up in next 6 months because Joe Biden will look at the priority concerns first.
So let's not get worried at this time because no one knows what policy impact Joe will bestow upon the market. Just wait and watch! The price drop has nothing to do with US presidential election. It is possibly a profit booking menace we have seen!
So let's not get worried at this time because no one knows what policy impact Joe will bestow upon the market. Just wait and watch! The price drop has nothing to do with US presidential election. It is possibly a profit booking menace we have seen!
Joe Biden’s picks to head key regulatory agencies could redefine cryptocurrency policy in the coming years, although it’s unclear exactly how.
The Associated Press declared on Saturday that Biden, the Democratic nominee, beat President Donald Trump, a first-term Republican in an election that was marked by division and the continued spread of the COVID-19 pandemic. While the former vice president didn’t highlight crypto issues in his campaign, some of Biden’s supporters hope he will advocate for reform on tech policies, while major companies are hoping to escape antitrust investigations.
To be sure, at press time Trump had not conceded and protracted court challenges remain a possibility given the closeness of the race and the polarized environment.
The price of bitcoin (BTC) was down more than 4%, dropping to $14,840.10.
Close to three decades ago as a U.S. senator from Delaware, Biden introduced a pair of bills that would have outlawed encryption, inadvertently spurring the development of PGP keys.
Biden has so far kept a tight lid on who his campaign will nominate to key positions, but his top pick to run the U.S. Treasury Department is reportedly Federal Reserve Governor Lael Brainard, who is overseeing the Boston Fed’s research into a digital dollar.
Former Commodity Futures Trading Commission Chairman Gary Gensler may also be tapped to help Biden’s team plan out oversight of Wall Street, the Wall Street Journal reported Friday.
“We’re not hearing many names floating around for the other positions,” Kristin Smith, executive director of the Blockchain Association, told CoinDesk last month.
There could be “a lot of change” in how the U.S. approaches cryptocurrencies under a Biden presidency, though it’s up in the air whether that is good or bad for the industry, Smith said.
“If we’re looking at the administration, I think our ideal scenario is to have someone with a strong familiarity with those positions,” she said.
John Collins, a partner at advisory firm FS Vector, told CoinDesk last month that while crypto is likely to be a low priority for the incoming administration given the economy and other pressing issues, the space should still have room to grow.
“Things like the crypto custody guidance for banks, I don’t see that going anywhere. I wouldn’t expect a Biden [Office of the Comptroller of the Currency] to withdraw that but I also think it’ll be difficult to get some blanket acceptance of all token sales,” he said. “There’s an understanding though that financial services is changing and the regulatory structure needs to be dynamic and change with it, and crypto and digital currencies and open payment networks are a big part of that.”
Collins also said Biden’s term is likely to see political appointees who come from the crypto sector, which has been rare so far.
Indeed, Vice President-elect Kamala Harris’s team already includes Ryan Montoya, the former chief technology officer at the Sacramento Kings, who oversaw the NBA team’s use of various blockchain-related tools and platforms, according to Decrypt Media.
What is your opinion on this subject?
Source Mickael Mosse Blog
The Associated Press declared on Saturday that Biden, the Democratic nominee, beat President Donald Trump, a first-term Republican in an election that was marked by division and the continued spread of the COVID-19 pandemic. While the former vice president didn’t highlight crypto issues in his campaign, some of Biden’s supporters hope he will advocate for reform on tech policies, while major companies are hoping to escape antitrust investigations.
To be sure, at press time Trump had not conceded and protracted court challenges remain a possibility given the closeness of the race and the polarized environment.
The price of bitcoin (BTC) was down more than 4%, dropping to $14,840.10.
Close to three decades ago as a U.S. senator from Delaware, Biden introduced a pair of bills that would have outlawed encryption, inadvertently spurring the development of PGP keys.
Biden has so far kept a tight lid on who his campaign will nominate to key positions, but his top pick to run the U.S. Treasury Department is reportedly Federal Reserve Governor Lael Brainard, who is overseeing the Boston Fed’s research into a digital dollar.
Former Commodity Futures Trading Commission Chairman Gary Gensler may also be tapped to help Biden’s team plan out oversight of Wall Street, the Wall Street Journal reported Friday.
“We’re not hearing many names floating around for the other positions,” Kristin Smith, executive director of the Blockchain Association, told CoinDesk last month.
There could be “a lot of change” in how the U.S. approaches cryptocurrencies under a Biden presidency, though it’s up in the air whether that is good or bad for the industry, Smith said.
“If we’re looking at the administration, I think our ideal scenario is to have someone with a strong familiarity with those positions,” she said.
John Collins, a partner at advisory firm FS Vector, told CoinDesk last month that while crypto is likely to be a low priority for the incoming administration given the economy and other pressing issues, the space should still have room to grow.
“Things like the crypto custody guidance for banks, I don’t see that going anywhere. I wouldn’t expect a Biden [Office of the Comptroller of the Currency] to withdraw that but I also think it’ll be difficult to get some blanket acceptance of all token sales,” he said. “There’s an understanding though that financial services is changing and the regulatory structure needs to be dynamic and change with it, and crypto and digital currencies and open payment networks are a big part of that.”
Collins also said Biden’s term is likely to see political appointees who come from the crypto sector, which has been rare so far.
Indeed, Vice President-elect Kamala Harris’s team already includes Ryan Montoya, the former chief technology officer at the Sacramento Kings, who oversaw the NBA team’s use of various blockchain-related tools and platforms, according to Decrypt Media.
What is your opinion on this subject?
Source Mickael Mosse Blog
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