Trump spoke at the Libertarian party national convention the other day and delivered some promises that are quite big for crypto.
1. A day one commutation of Ross Ulbricht's life imprisonment sentence.
2. Ban federal agent involvement in limitation of speech.
3. Cancel the "Green new deal".
4. Drill for even more oil.
5. Support the right to self custody of crypto.
6. Ban CBDC in the U.S.
Source: https://www.youtube.com/watch?v=RaiI3-ontAE
Potentially even more promises flying left and right.
Personally it sounds like a bit much. I'd rather be some consumer protection regulation applied to crypto so no more Celsius and FTX scams can happen out of the U.S. and also much of the rest of the population doesn't like us crypto folk that much. A presidential candidate talking so favorably about crypto might be doing more damage to his campaign in general even if he gets the whole crypto crowd on this single issue. For example miners would be very pleased by the counter-environmental measures, but not everyone is a miner and many people in the US have been affected very badly from climate change also. And also Biden already increased drilling licenses too much. At some point there should be a reduction rather than the opposite as per what most people believe for the environment at least.
What do you think of all this? Did Trump overpromise? Do you think these promises give him hope for winning the presidential race?
