New US presidents are privacy-friendly?

[Chrystora123]

The US is one of the countries with the largest crypto market in the world.  we all know that since the previous president's leadership, the US is very unfriendly to privacy, with the freezing of rules from the previous rule makers as if it is giving fresh breath to businessman and crypto traders. 

President Joe Biden has frozen all federal regulatory proposals, including former Treasury Secretary Steve Mnuchin's proposed rules on self-hosted crypto wallets, until his new administration can review them.

it was written that the new presidential administration will conduct a "review" of the previous policy proposal.  Do you think the new US government has a chance not to implement that rules?

https://twitter.com/jchervinsky/status/1352048684725317632?s=20
https://markets.businessinsider.com/currencies/news/biden-freezes-new-regulatory-proposals-including-proposed-crypto-rule-2021-1-1029989717

[fiulpro]

Until and unless they do something and it brings good effects in terms of privacy I do not think that we can make any statement in that regards. But for sure they would be better off than Trump.

**It's just a proposal right now**

Plus this would not only be good for cryptocurrencies but I do think that this could change a lot of rules and regulations which pry inside people's wallet for no reason. But at the same time I do think this might just be a move to promote the new digital dollar that the US is thinking of launching and they might like people to think that they would be giving the same benefits and privacy as available in cryptocurrencies like Bitcoins.

If they are successful in battling the issue of providing people with privacy I do believe that more countries will take a note from them and would try and follow their lead.

[Oilacris]

We cant tell until the decision would be final, they are still in review which means possibilities on continuing the previous administration bill towards crypto issue will neither continue or not.

I wouldnt be surprised though if they would still be sticking out on what the past administration had set out towards it.This doesnt only limit out on US but also in other countries
as well on where government would always be on the negative side of things when we do talk about privacy.We know that they do love
to track out everything and to those things who do really gets out the radar would really be unpleasant into their eyes.

[The Sceptical Chymist]

President Joe Biden has frozen all federal regulatory proposals, including former Treasury Secretary Steve Mnuchin's proposed rules on self-hosted crypto wallets, until his new administration can review them.

Just based on the above quote, it looks like Biden is just taking a wait-and-see approach to things he probably doesn't know much about--and remember, he has to unfuck a lot of what Trump fucked up in the country and that's going to take some time.

But privacy?  Sad to say, but it's dying.  Not just in the US but all over the world--look at how many CCTV cameras England has, and how much power the governments of N. Korea and China have over their citizens' data.  Unless people revolt, that trend isn't going to reverse itself, and in order for people to revolt, they actually have to care.  Seems to me like most people don't give two craps about their privacy.  Look at all the stuff people post on FB and other social media sites.  You think the government/law enforcement isn't watching all of that?

[Hydrogen]

I see many today who hate corporations. They hate US big tech and hate billionaires. They derive all of their information and views from mainstream media.

Who owns mainstream media? Corporations, US big tech and billionaires.

....

Whatever ones stance on privacy.

I hope they do not intend to -fight- corporations and billionaires. By believing everything mainstream media outlets like CNN or fox news say.

Even most social media accounts and internet influencers are owned on some level.

[Lorence.xD]

Just based on the above quote, it looks like Biden is just taking a wait-and-see approach to things he probably doesn't know much about--and remember, he has to unfuck a lot of what Trump fucked up in the country and that's going to take some time.

That is what you get when younger generations elect the older generation to lead the country that they are living in, they would need to catch up to speed if they want to learn something new. 4 years will not be enough to undo all of the damage.

But privacy?  Sad to say, but it's dying.  Not just in the US but all over the world--look at how many CCTV cameras England has, and how much power the governments of N. Korea and China have over their citizens' data.  Unless people revolt, that trend isn't going to reverse itself, and in order for people to revolt, they actually have to care.  Seems to me like most people don't give two craps about their privacy.  Look at all the stuff people post on FB and other social media sites.  You think the government/law enforcement isn't watching all of that?

Have to say that it is already dead, proponents of privacy have long been gone and the remaining ones are living on the mercy of the people that still value their privacy. I already accepted that my data has been sold to companies around to world to bombard me with ads, the only way to be a private person is to live off the grid. The government does not watch all those things but they are gathering it nonetheless to help them in the future in the case that they need to profile you, if they were to watch those, I feel like we should have seen a rise in the cases of cyber extortion.

USA was never privacy friendly in the first place, remember Edward Snowden, Julian Assange, Gary Webb and other journalists and whistleblowers killed by CIA. We are living in a dystopian future and the media is feeding us the lies that this is the utopia that we have been longing for.

[bekti3]

it was written that the new presidential administration will conduct a "review" of the previous policy proposal.  Do you think the new US government has a chance not to implement that rules?

Based on the final decision of Biden's inauguration, there are several post-practice points at the heart of Biden's policy that invalidated some of the rules and agreements made by Trump during his tenure. the impact of cryptocurrency will increase slightly to get the ideal position. besides that Biden's subordinates among those who contributed to Ripple have approached his seat. will there be some kind of new breakthrough? I'm really looking forward to it.

[suzanne5223]

Reviewing of the previous government proposal policy is what every new President elected do. I assume Biden will behaved more mature than Trump cause he seems to be understanding but I don't see him supporting privacy coins though he will still be fair with it while he dont see Bitcoin pseudonymous treat cause his new stimulus offer shows he's more concerned about people affection.

[Chrystora123]

snip..
If they are successful in battling the issue of providing people with privacy I do believe that more countries will take a note from them and would try and follow their lead.

This is a concern because the US is still a country that many countries emulate..

snip..

Looks sad but this is imperfect British and Chinese, they (government) say this is for the good of all citizens there.. "what..watching is goodness?"

snip..

salute with many people's struggle for privacy nowadays, look at how many users left WhatsApp when they announced KYC plans.  We need more and more people to turn against the big tech companies that don't respect user privacy..

snip..

talking ripple!!  yap must be monitored..

[figmentofmyass]

President Joe Biden has frozen all federal regulatory proposals, including former Treasury Secretary Steve Mnuchin's proposed rules on self-hosted crypto wallets, until his new administration can review them.

it was written that the new presidential administration will conduct a "review" of the previous policy proposal.  Do you think the new US government has a chance not to implement that rules?

i was hoping for this sort of delay since the new treasury/FINCEN regulations were obviously being rushed through at the last hour.

unfortunately, this doesn't mean they won't be implemented at all. in fact, if i had to guess, the final versions will probably be worse once biden's team gets through with them. but at least we'll have some more time (weeks/months?) before they go into effect.

**It's just a proposal right now**

the writing is on the wall. the USA complying with the FATF travel rule is only a matter of time. the biggest question is how low the reporting threshold will be.

[hatshepsut93]

The US hasn't been privacy-friendly for a long-long time. There's a high chance that this law will be passed in some form, but there has been quite a backlash against this law, so this will likely be taken into consideration, and I hope the new regulators will realize that it's just impossible to do KYC on self-hosted wallets, this rule will achieve nothing. The US seems to at least somewhat care about the opinion of business, so maybe the law won't actually pass, or at least will pass in a weakened form.

[20kevin20]

There's likely no government in the world that is privacy-friendly at this point. With the tech developing and advancing at such a creepily-fast pace, privacy is gonna be a thing of the past sooner than we think. Biden and his team will not be privacy-friendly either. What they might do is just abolish their plans only to introduce even more surveillance & control, but camouflaged in a better way. That's it.

[tabas]

It is like that they have to take time to study it first whatever the implications that it can bring or, they don't have much time for it to study right away and that's why they're asking for an extension. It can be a good news for now because they've delayed it.
But what if the next news that would come from them will be stricter than Fin Cen?

[goaldigger]

There's likely no government in the world that is privacy-friendly at this point. With the tech developing and advancing at such a creepily-fast pace, privacy is gonna be a thing of the past sooner than we think. Biden and his team will not be privacy-friendly either. What they might do is just abolish their plans only to introduce even more surveillance & control, but camouflaged in a better way. That's it.

Actually they are more concern about their private life than the privacy of the public so I’m really doubt that the new administration will in favor more on the privacy of their constituents. The election was done already and this is the time to work on their promises, its too early to speculate by I hope this new administration will deliver the good thing and make the America great again.

[Febo]

New US presidents are privacy-friendly?

I cant imagine any USA president to go to toilet and keep doors open. Or to swap white house walls with glass. Privacy is incorporated in western worlds society. No transparent ledger money will ever be mass used. It can be in China. It can be in North Korea. It will not happen in Europe or USA.

[Congyang]

I hope the new president, Joe Biden, can be friendly to crypto, this will certainly have an impact on the crypto market around the world. crypto in the US is now in joe biden's hands, if joe biden can apply lucrative rules, it looks like a crypto boom will come soon

[YOSHIE]

I also read very often about the development of news about crypto since President Joe-Biden became the number one person in the United States.

Interesting thing and I don't think it's surprising that Biden will become fully involved in crypto in the US.
In the Archive joe-biden document before the election took place, Biden received full support from the CEO.

Archive joe-biden.


So after all that happened, it is very natural and positive that crypto in the US generates a good response from Biden as is happening today.

Biden to pick blockchain scholar to head SEC regulator

Biden administration could be friendly to crypto

The two news shows that crypto in the future, especially in the US, will have a perfect fate.

[iamsheikhadil]

I'm pretty sure Biden will do as much as he can to reverse as much of Trump's foolish legacy, he can. Trump when tweeted how Bitcoin was a fraud and he trusts only the US dollars, it's not going to be a surprise if Biden becomes exactly opposite of it since the base of his campaign started from removing Trump. So, thinking optimistically about it, I'm sure Biden will have a much softer stance on crypto regulations

[Obito]

I'm pretty sure Biden will do as much as he can to reverse as much of Trump's foolish legacy, he can. Trump when tweeted how Bitcoin was a fraud and he trusts only the US dollars, it's not going to be a surprise if Biden becomes exactly opposite of it since the base of his campaign started from removing Trump. So, thinking optimistically about it, I'm sure Biden will have a much softer stance on crypto regulations

Four years will not be enough to undo all the problems that Trump had incurred at that time period, not to mention that Joe Biden is old and I do not think that it will be on his best interest to improve the country for the future. Do not believe what these politicians says, those who believe those promises also thinks that the prostitutes they hire are in love with them, everyone will say what makes them favorable remember that.

[michellee]

I hope the new president, Joe Biden, can be friendly to crypto, this will certainly have an impact on the crypto market around the world. crypto in the US is now in joe biden's hands, if joe biden can apply lucrative rules, it looks like a crypto boom will come soon

If he can do that, I think crypto will become more popular than now, and we will see the mass adoption will grow more. But maybe in these situations, Biden will concern this pandemic and try to solve the problem and help the people who get affected. But no matter if Biden will become friends or not to crypto, the mass adoption in crypto will come by itself because people will see if crypto can give them benefits or not.