Topic: This just happened after Bakkt CEO becomes US senator! (Read 361 times)
You can’t change U.S and other government narrative on bitcoin and other cryptocurrencies by few such appointments. We have to understand the reasons why governments are not in favour of cryptos. Tax collection, controlling money laundering and other such things will be a dream for governments if they legitimized crypto in there area of regime.
Its a good thing that a CEO whose allegiance in relation to crypto is wide open to everyone is being appointed to the Senate house. However, this is not the time to rejoice concerning the appointment expecting that there would be regulation to support crypto because for one, it was an appointment and not an election which means the CEO is accountable to the people who makes the appointment. Secondly, making law about the entire financial system of the country or the passing of any law for that matter goes beyond the position of an individual as it needs the support of the majority of both Chambers to get it passed without taking into consideration the Executive bottlenecks that needs to be passed before it becomes law.
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The overall mindset of government officials is against bitcoin and cryptocurrency. Bakkt appointment as Georgia senate member won’t make any change in U.S government standings against cryptocurrency. Bitcoin don’t need support of U.S congress as long as it has backing of his own decentralized congress.
As a proponent of bitcoin Bakkt CEO becoming US senator would lobby other members of Senate towards adopting of Bitcoin by SEC although Donald Trump had tweeted that he is not a fan of Bitcoin however the congressmen can pass a positive resolutions if well convinced about the benefits of adoption of Bitcoin by SEC would bring to the US economy thus popularising it.
It will open an opportunity to cryptocurrency to be discussed in the senate if possible that she would push and promote crypto. However, just like any other bill, it will take a lot of time, arguments, and discussion before it could pass the senate. She still needs to make a lot of efforts to convince and educate other government officials about crypto and how it could help the country if they were going to legalize and put regulations on it.
Not so sure though, it still depends on the CEO. Indeed it is generally good for cryptocurrency's image, but the CEO might have another plans, especially it is politics, and power corrupts these peope into doing where they would benefit more that the others.
It could drive the prices up if whales decide to swim with it and manipulate the market, but it won't really assure that there would be any significant effect on the prices.
It could drive the prices up if whales decide to swim with it and manipulate the market, but it won't really assure that there would be any significant effect on the prices.
In my view, when Bakkt CEO is a US senator already, it should have two possibilities.
1. She can be a good negotiator for crypto/Bitcoin adoption, or
2. She will be sued to fight Bitcoin/crypto as she is a part of the trump government.
Let's see what will happen. I think we don't need to expect too much.
1. She can be a good negotiator for crypto/Bitcoin adoption, or
2. She will be sued to fight Bitcoin/crypto as she is a part of the trump government.
Let's see what will happen. I think we don't need to expect too much.
Totally agreed with you. In the meantime we are suffering hard times since Bakkt' launch and yet its volumes haven't reached real big numbers.
In my view, when Bakkt CEO is a US senator already, it should have two possibilities.
1. She can be a good negotiator for crypto/Bitcoin adoption, or
2. She will be sued to fight Bitcoin/crypto as she is a part of the trump government.
Let's see what will happen. I think we don't need to expect too much.
1. She can be a good negotiator for crypto/Bitcoin adoption, or
2. She will be sued to fight Bitcoin/crypto as she is a part of the trump government.
Let's see what will happen. I think we don't need to expect too much.
In the next article from OP, "Kelly Loeffler seduce Donald Trump to accept Bitcoin", we are going to the Moon 
But, Trump is actually a bitcoin adept, you just have to look closer to his tweets about the economy.
The relationship between Bitcoin and Bakkt should no longer be evaluated. Bitcoin missed this opportunity. Now we need new stories. Bakkt's excitement is gone.
I really wonder how could bitcoin miss something...and what was it doing at that time. Betting on ponies?
She only been temporarily appointed to the senate as the incumbent had to step down due to health problems.
She's now the Republican candidate for the US senate race that will take place in November 2020.
She still has to get elected to carry on after 2020...
She's now the Republican candidate for the US senate race that will take place in November 2020.
She still has to get elected to carry on after 2020...
It doesn't change a thing, she is still a full senator till then, David Perdue is also going to end his term in 2020, does it makes him less of a senator?
Title is misleading, I do hope that the OP has somewhat verified everything before posting this link. This has nothing to do with her, appointed as US senator. Because they have this plans along the way whether she becomes a Senator or not,
OP is just posting for the only purpose of promoting his link, and you are absolutely right that what Bakkt does has nothing to do with the fact that their CEO has become a senator. OP also lives in the illusion that one senator can change things, or that the fate of Bitcoin depends on US politics.
In the next article from OP, "Kelly Loeffler seduce Donald Trump to accept Bitcoin", we are going to the Moon
Lol,
. Perhaps my point is, maybe we should check at what we are going to post, as not to confused everyone, specially newbies joining the crypto sphere.Well, its good to hear something like this, but it won't change a thing though, it boils down to a simple supply and demand, not politics.
The relationship between Bitcoin and Bakkt should no longer be evaluated. Bitcoin missed this opportunity. Now we need new stories. Bakkt's excitement is gone. Maybe successful work can be done. However, I see this situation as negative.
Title is misleading, I do hope that the OP has somewhat verified everything before posting this link. This has nothing to do with her, appointed as US senator. Because they have this plans along the way whether she becomes a Senator or not,
OP is just posting for the only purpose of promoting his link, and you are absolutely right that what Bakkt does has nothing to do with the fact that their CEO has become a senator. OP also lives in the illusion that one senator can change things, or that the fate of Bitcoin depends on US politics.
In the next article from OP, "Kelly Loeffler seduce Donald Trump to accept Bitcoin", we are going to the Moon
But how sure are we that these people have good plans for cryptocurrency? Okay, I know that this CEO of Bakkt, Loefler, shows herself as a crypto enthusiast, but I have done my research on her and I don't really know if these people are being honest or they just have some evil plans.
First of all, I've discovered that she's one of those that attended FIFA women cup as Trump's Presidential Delegation. We all know that Trump is a big hater for anything cryptocurrencies, and even that same month he tweeted how much he disapproves of the use of crypto. Now if the CEO of Bakkt is working closely with such a person, how sure are we that they have good plans for cryptocurrency?
I have also seen commentators that claimed CME Group and Bakkt means an attack on cryptocurrency. And Chico Crypto said on Twitter that these organizations are fighting crypto and keeping the dollar on top.
First of all, I've discovered that she's one of those that attended FIFA women cup as Trump's Presidential Delegation. We all know that Trump is a big hater for anything cryptocurrencies, and even that same month he tweeted how much he disapproves of the use of crypto. Now if the CEO of Bakkt is working closely with such a person, how sure are we that they have good plans for cryptocurrency?
I have also seen commentators that claimed CME Group and Bakkt means an attack on cryptocurrency. And Chico Crypto said on Twitter that these organizations are fighting crypto and keeping the dollar on top.
Just because of Pres. Trump hates cryptocurrency, you think that Loefler also hates cryptocurrency or have evil intentions towards it. I think that logic is broken. Each person has different POV and we have seen in the past that Loefler is one of those who promote cryptocurrency. I think this event will help Cryptocurrency, especially Bitcoin to be legalized and be accepted in the US though I am sure cryptocurrency regulation and taxation will be pushed also.
Politics is a very different world from the normal world. If she is for bitcoin, but does not have a lot of support from the people of her state and her party, she is more likely not to talk about making good laws for bitcoin. That's because in politics it works the method of exchanging favors and manipulations to always be popular and liked by most people.
Many congrats to Kelly Loeffler for making it to Georgia senate.
The government stance on crypto is very clear and people like Kelly have to follow the government stance on crypto. I don't think she would be able to do any lobby for turning government favor towards cryptocurrency. So we must not expect anything good coming for crypto after her appointment in Georgia senate. All the best to her new senate job.
The government stance on crypto is very clear and people like Kelly have to follow the government stance on crypto. I don't think she would be able to do any lobby for turning government favor towards cryptocurrency. So we must not expect anything good coming for crypto after her appointment in Georgia senate. All the best to her new senate job.
Cash settled futures are more popular than futures settled with assets, but it has no significant impact on the actual price, because no bitcoins are
changing hands. The other thing is, a politician might be a supporter of a specific thing, but it is not to say that whatever the politician is supporting
would benefit from him/her being in a position of power. We saw a lot of pro-bitcoin electorates in the buildup to the national election in the USA and
nothing positive has come from that. One grasshole at the top makes a stupid comment on twitter and the rest of them goes silent.
changing hands. The other thing is, a politician might be a supporter of a specific thing, but it is not to say that whatever the politician is supporting
would benefit from him/her being in a position of power. We saw a lot of pro-bitcoin electorates in the buildup to the national election in the USA and
nothing positive has come from that. One grasshole at the top makes a stupid comment on twitter and the rest of them goes silent.
First of all, I would like to say congratulations to Bakkt CEO for successfully becoming a US senator in Georgia!
She only been temporarily appointed to the senate as the incumbent had to step down due to health problems.
She's now the Republican candidate for the US senate race that will take place in November 2020.
She still has to get elected to carry on after 2020...
For more on the senate race, see the following:
https://www.politico.com/news/2019/12/04/kelly-loeffler-georgia-senate-special-election-075218
One way for the central banks to reduce the impact of Bitcoin globally, is for them to own all the Bitcoin. This probably won't happen, but if they own enough, then they can destabilise the market, and destroy public confidence in it daily use. I still wonder how many mining farms are owned by central banks.
Title is misleading, I do hope that the OP has somewhat verified everything before posting this link. This has nothing to do with her, appointed as US senator. Because they have this plans along the way whether she becomes a Senator or not,
Bakkt bitcoin options on futures to launch December 9: an industry first.
Just look at the date she posted it, Oct, 24, so regardless, they're going to push thru with the offering this December.
Great views mate, and of course BAKKT should plan ahead with regards to their development and if she becomes a Senator then she might not be able to work with BAKKT anymore since its a conflict of interest but hopefully she’ll make a plan or any law with regards to adoption. BAKKT should grow at least, and its good that US will slowly become a place for cryptos. Bakkt bitcoin options on futures to launch December 9: an industry first.
Just look at the date she posted it, Oct, 24, so regardless, they're going to push thru with the offering this December.
Good news indeed!!
Slowly Bitcoin minimalist is occupying a respectable position in Government. This will help a lot if you talk about adoption in the US. If the US accepts Bitcoin then the allies will also follow.
Slowly Bitcoin minimalist is occupying a respectable position in Government. This will help a lot if you talk about adoption in the US. If the US accepts Bitcoin then the allies will also follow.
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