One of the biggest problems I see is that Trump is the best friend of the banking industry. He is a guy who built his empire purely based on loans. For as long as banks are telling him to slow down bitcoin or at least not actively support it, he won't. If you look into Trump's vita, there is a ton of connections with banks all over the world. The Deutsche Bank loaned him $2 billion over the course of two decades and they did not dump him when it came out that he inflated his net worth applying overvaluation to his real estate. He is a slave of the banks and his former presidency (and potential future presidency) allowed/will allow him to repay the favor. It's a powerful and entangled mutual relationship. Bitcoin is not on his agenda. Banks are. And should banks say that they loaded their bags and he can now push bitcoin, then he would.
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built his empire purely based on loans"
Imagine a guy making money using the free flow of capital! Disgusting! This is how western economies operate; all new money is created as debt - how does that make one best friends/slaves of the bank? I guess I must be best friends of the bank too! I built my "empire" on loans as I imagine most of us have. I'm also guilty of inflating my income/net worth by showing the bank previous income tax filings that I knew had little to no bearing on what I would make in the future - guess what? They didn't care - loan approved.
Let's see, based on political donations, who are really in the pocket of the banks:
Oh... all of them! Would you look at that, even banks have political leanings.
As we have seen, Biden already used his executive power to kill a bi-partisan joint resolution that would have slapped down the SEC's unfair requirements under SAB 121 and that motion only passed because 9 Democrats voted with the Republicans and against Biden on it. On top of that, Biden wants to see a 30% tax on electricity used to mine bitcoin. Conservatives don't favour increased legislation - Trump is your best bet regardless of what you think he might try to do based on what you may or may not actually know about his past. Don't forget Trump has 3 chldren through Ivana, a daughter with Marla Maples and a son through Melania which means he probably fucked all of them... OMG Trump is gonna fuck all of us too!! You're right. Dammit! How could I have been so blind?
Neither was I speaking in favor of a political camp, nor against one. It is also a question of magnitude. I don't know what your net worth is and what your "empire" looks like. But there is a difference when someone inflates net worth from 10,000 to 20,000 and gets a 100,000 loan approved and someone who inflates net worth from 100,000,000 to 200,000,000 and gets a billion approved. I don't care whether he is republican or democrat. It's irrelevant in regards to my post.
The extent to which Trump is entangled with the banking sector on the personal level goes beyond any other president's interactions with the banking sector. Yet, I never said he has been the only one. My intention was to point out the magnitude and I personally think magnitude matters in almost all concerns in life.