Donald Trump's stance on Bitcoin is changing, the Trump pump is over?

[Cookdata]

So many gullible members in this thread. That fat idiot must be laughing his ass off thinking how he successfully manipulated so many fools into thinking that he actually gives a damn about the crypto community.

Grow up people! Almost all politicians don't support crypto and the rare few that do support BTC etc have a tough time. Think!

From the look of things, it's seems Trump didn't fulfill promises he made to you the way you sound angry Alright, joke aside politicians are crooks, manipulative, cheaters and has zero emotions regarding how human feels, they will make plenty of promises just to gather vote only to change by the time they get to office and that's what Trump is doing right now and I don't understand how people are buying into his wide mouth lies.

I remember this same guy called Bitcoin as a scam, he said it openly that it's back by nothing when he was in power, how stupid indeed people forget so fast only to change mouth when he want reelection, this is even evidence that they don't have dignity for people, they just want power by force and that's how they do, all of them.

[NotATether]

From the look of things, it's seems Trump didn't fulfill promises he made to you the way you sound angry Alright, joke aside politicians are crooks, manipulative, cheaters and has zero emotions regarding how human feels, they will make plenty of promises just to gather vote only to change by the time they get to office and that's what Trump is doing right now and I don't understand how people are buying into his wide mouth lies.

Politicians are quite weird and they aren't like normal people. Just like how most surgeons are slightly more sociopaths (?) on average because of the nature of their job (death everywhere obviously), I tend to think that politicians are kind of like that too because everyone intelligent and dumb have expectations for said politicians and inevitably some people are going to be left unhappy and they will make a fuss about it.

[Abiky]

He doesn't care, but he cares about the money and accepting bitcoin donations shows he's picked a side.

Biden clearly showed us what side he's on. His senator Warren has been attacking bitcoin for years and trying to promote CBDC and trying to implement 30% tax on mining. Trump on the other hand said he's against CBDC, doesn't support the mining tax and accepts bitcoin donations.

If I had to choose between these two I'd obviously choose Trump. If I could vote for people like Kennedy Jr, that would be my choice, but no real bitcoiner is going to vote for Biden.

Exactly. Why would any crypto supporter vote for Biden? The fierce regulatory landscape and constant attacks against crypto mixers, is one of the many reasons to steer away from the current administration. Regulations must be implemented carefully to avoid harming the growth of the industry in the long run.

Under Trump's leadership, the crypto industry was "sailing" in smooth waters. Jay Clayton was the SEC chairman at the time, and wasn't a staunch critic of crypto as Mr. Gary Gensler. The SEC didn't hunt down exchanges for listing "unregistered securities" back then. Smart people will either choose Trump or RFK Jr. as the next President of the United States. Just you wait and see. Who knows what surprises we'll find during Election Day?

[Reatim]

Politicians are quite weird and they aren't like normal people. Just like how most surgeons are slightly more sociopaths (?) on average because of the nature of their job (death everywhere obviously), I tend to think that politicians are kind of like that too because everyone intelligent and dumb have expectations for said politicians and inevitably some people are going to be left unhappy and they will make a fuss about it.

I think they are still like normal people but more greedy and obviously more powerful.

Can you imagine how would normal people actually act if given the chance to have power and authority over their constituents? Most people would be very bad government officials.

Just remembering high school, people who were popular knew exactly how to get what they want, when they want from whoever they like. My old classmate from high school is now a politician and he was so lazy but popular. Politics is everywhere if you really think about it. The power dynamics are relevant in all kinds of fields.

[bbc.reporter]

It is very much clear that we cannot agree on similar arguments much of the time in the forum. However, I reckon everyone can support this ban on CBDC which is being argued that it can be used as a tool for surveillance and the invasion of privacy.

The politicians from any country who will back the implementation of CBDC in your jurisdictions should be taken out from their positions. Do not vote for them.



Just as US politicians were finding common ground over crypto, the bipartisan bliss vanished over an old divisive issue — central bank digital currencies.

The rift over CBDCs was on full display on Thursday, when the House of Representatives voted to prohibit the Treasury from creating a digital dollar without explicit authorisation from Congress.

The bill, dubbed the CBDC Anti-Surveillance State Act, was sponsored by Tom Emmer, a Republican from Minnesota and one of the crypto industry’s biggest congressional allies.

“For more than two years, we have worked to educate, grow support, and pass this important legislation, which prevents unelected bureaucrats from issuing a financial surveillance tool to fundamentally undermine our American values,” Emmer said in a statement on X.

Read in full https://www.dlnews.com/articles/regulation/us-house-passes-bill-banning-surveillance-tool-cbdcs/

[Catenaccio]

It is very much clear that we cannot agree on similar arguments much of the time in the forum. However, I reckon everyone can support this ban on CBDC which is being argued that it can be used as a tool for surveillance and the invasion of privacy.

The politicians from any country who will back the implementation of CBDC in your jurisdictions should be taken out from their positions. Do not vote for them.

The approval of Ethereum Spot ETF has big contribution from Donald Trump. Lately he announced publicly that he will support Cryptocurrency market if he reclaims his presidency a second time.

This statement from Trump, after many months of vague stance from him even sometimes he shown signals that he started to turn to pro-cryptocurrency, make big pressure on the current President Biden and SEC. Many months, SEC. did not response to applications of companies for Ethereum Spot ETFs but recently, they requested companies to work with them more closely and there are some letters, supports from Biden's party too.

CBDCs, they will come but we can vote to delay their existence. I really don't believe that governments will not deploy CBDCs in future.

[Z-tight]

It is very much clear that we cannot agree on similar arguments much of the time in the forum. However, I reckon everyone can support this ban on CBDC which is being argued that it can be used as a tool for surveillance and the invasion of privacy.

The government likes surveillance and anti-privacy, this is not a new thing to us, this is why they are attacking BTC's privacy solutions, such as mixers and CoinJoin, meanwhile many bitcoiners have always been against cbdc's, because it strengthens the governments stands on anti-privacy and pro-surveillance. I don't know what would be the conclusion of this, but i reckon cbdc's would eventually be launched, because it supports surveillance, and that is what the government enjoys.

[pooya87]

However, I reckon everyone can support this ban on CBDC which is being argued that it can be used as a tool for surveillance and the invasion of privacy.

But isn't that inevitable? The world is moving toward centralized shitcoin issued by the government and more surveillance with or without it. Also correct me if I'm wrong but this whole mess about CBDCs and where they go from here seem more like a legislation issue not a government issue.

[Z-tight]

Also correct me if I'm wrong but this whole mess about CBDCs and where they go from here seem more like a legislation issue not a government issue.

The decision to lauch a cbdc or not has to be approved by the U.S congress, i don't think the Federal reserves can issue and print cbdc's without approval from the congress. However, i don't know if this bill passed would eventually become law, it still has to be heard in the U.S senate, so there are a lot of things that can still happen.

The U.S president has veto powers, and might have a decision to make on this if it goes that far. Since Trump opposes the idea of cbdc's or digital dollar, then maybe if he wins in the forthcoming election in the U.S, it could be a point for citizens that are strongly against cbdc.

[Blitzboy]

He doesn't care, but he cares about the money and accepting bitcoin donations shows he's picked a side.

Biden clearly showed us what side he's on. His senator Warren has been attacking bitcoin for years and trying to promote CBDC and trying to implement 30% tax on mining. Trump on the other hand said he's against CBDC, doesn't support the mining tax and accepts bitcoin donations.

If I had to choose between these two I'd obviously choose Trump. If I could vote for people like Kennedy Jr, that would be my choice, but no real bitcoiner is going to vote for Biden.

Exactly. Why would any crypto supporter vote for Biden? The fierce regulatory landscape and constant attacks against crypto mixers, is one of the many reasons to steer away from the current administration. Regulations must be implemented carefully to avoid harming the growth of the industry in the long run.

Under Trump's leadership, the crypto industry was "sailing" in smooth waters. Jay Clayton was the SEC chairman at the time, and wasn't a staunch critic of crypto as Mr. Gary Gensler. The SEC didn't hunt down exchanges for listing "unregistered securities" back then. Smart people will either choose Trump or RFK Jr. as the next President of the United States. Just you wait and see. Who knows what surprises we'll find during Election Day?

Why support Biden when crypto flourishes under less oversight? Not all regulation is bad. Think big: organized laws might legitimate cryptocurrencies, promoting mainstream use and stabilizing volatile markets. However, execution matters. Innovation can be stifled by overly restrictive rules like the present administration's crypto mixer ban. Look at the EU's cautious, supporting approach to growth in a stable framework. Could the U.S. balance security and innovation with the proper leadership?

Was the quiet in the crypto waters under Trump a facade or a squandered opportunity to mature? Jay Clayton's absence of rigorous regulation may have seemed seamless, but it allowed the industry full of frauds and speculative development. Contrary to Gensler's proactive approach, crypto's long-term success may require harsh groundwork. Crypto may soar if the next administration combines Clayton's light touch with Gensler's regulatory rigor.

[pooya87]

Since Trump opposes the idea of cbdc's or digital dollar,

I still doubt if he has any understanding of what he is talking about regarding bitcoin, crypto or CBDCs. His campaign team are telling him to say stuff that would help him in the upcoming election and he just parrots them at the crowds.

[dzungmobile]

I still doubt if he has any understanding of what he is talking about regarding bitcoin, crypto or CBDCs. His campaign team are telling him to say stuff that would help him in the upcoming election and he just parrots them at the crowds.

He does many things for his benefit and reputation as well as his high ego. I saw he made some good strategic policies for the USA. in his four years as their President but there are other things he did bad and he did worse after he lost the President Election 4 years ago.

This year, his return is expected and there are signals for it months ago, though it's hard to believe he supports Bitcoin, cryptocurrency market because he actually loves it. It's purely or mainly from politics and what he can potentially by publicly announce his stance. His stance can be changed, quickly, unpredictable as we saw in his previous four-year presidency.

[teamsherry]

I'm seeing this as a political strategy to win voters to his mostly youths and those that are increased in the future of crypto and beside he only said he can live with it and that wasn't an upfront claim that he would make things better.

Anyway many peopel that fought bitcoin in the past are now changing their perspective towards it, so it's no suprise trump is too, just that it was quite unexpected to come from trump.

[nelson4lov]

I still doubt if he has any understanding of what he is talking about regarding bitcoin, crypto or CBDCs. His campaign team are telling him to say stuff that would help him in the upcoming election and he just parrots them at the crowds.

This couldn't have been said any better. One of the categories of people not to be trusted are politicians especially when they're in the campaign mode like Trump has been doing. Trump's crypto advocacy during his campaign is simply to help him take in more donations and to put him in a good position with the lot of Bitcoiners and crypto folks that are interested in a crypto friendly US government. I do hope these people are taking his words with a grain of salt. Best to be keep expectations low imo.

[Assface16678]

I still doubt if he has any understanding of what he is talking about regarding bitcoin, crypto or CBDCs. His campaign team are telling him to say stuff that would help him in the upcoming election and he just parrots them at the crowds.

This couldn't have been said any better. One of the categories of people not to be trusted are politicians especially when they're in the campaign mode like Trump has been doing. Trump's crypto advocacy during his campaign is simply to help him take in more donations and to put him in a good position with the lot of Bitcoiners and crypto folks that are interested in a crypto friendly US government. I do hope these people are taking his words with a grain of salt. Best to be keep expectations low imo.

Well, it will be a win, win situation for us bitcoin investors, well its because ig he is just mentioning or doing things related to crypto currency or bitcoin and if it will help to make bitcoin more known and people will become more interested then its a win situation for us, and if he is just doing those things because the election is coming and in order to get more people to cote for him then its a win situation for him, I think as long as we are going to benefit to that then why not support him, we just have to make sure that he will do what will he says about bitcoin, and of course we should also be cautios because we cant fully trust the words of a politician, as we know they are good at making promises but in the end they will never do it or they will forget about it.

[bbc.reporter]

News update.

Trump promised to free Ross Ulbricht on day 1 of his presidency hehehehee. It appears that the Biden administration should free him before November if they want to compete against Trump on his procrypto campaign hehehe.

I am quite certain that everyone will agree that this is certainly good news for many bitcoiners and the cryptospace community.



Donald J. Trump has pledged to commute Silk Road founder Ross Ulbricht’s life sentence to time served if he’s re-elected president
.
“If you vote for me, on Day 1, I will commute the sentence of Ross Ulbricht to a sentence of time served,” Trump said during his Saturday night remarks at the Libertarian National Convention in Washington, D.C. “He’s already served 11 years, we’re gonna get him home.”

Source https://www.coindesk.com/policy/2024/05/26/trump-pledges-to-free-silk-road-creator-ross-ulbricht-if-re-elected/



This is the video of the speech.

https://streamable.com/x7kcmg

[woez]

If he becomes president in the future. If not, everything will go back to normal...Is the president's decision absolute without prior discussion with the council members and before it is submitted and implemented? I think it's just to attract the attention of the masses.

[legiteum]

This is the video of the speech.

Trump got fiercely booed and heckled at that speech today. I guess the Libertarians know BS when they hear it.

[bbc.reporter]

If he becomes president in the future. If not, everything will go back to normal...Is the president's decision absolute without prior discussion with the council members and before it is submitted and implemented? I think it's just to attract the attention of the masses.

You might be correct, however, if he will do what he has promised in his speeches, what can his critics say about him? Yes there will be critics but the crypto critics might need to wait for Trump day 1. To commute Ross Ulbricht's sentence is a very big commitment.

In any case, if Trump promised Ross to be freed, I reckon Biden should not let this competitor to be better at promises! Biden should also make a promise that he will free Sam Bankman Fried heheheheheheheheehh!

[pooya87]

Yes there will be critics but the crypto critics might need to wait for Trump day 1.

Trump didn't appear out of thin air yesterday. There is a history that anybody who wants to know how serious he is about his pre-election promises can look at. They don't need to wait.
For example what has he done about his biggest campaign promise to make America great? He just isolated US more than ever by alienating allies, started the war with China (the war that is ongoing), ruined US economy more than before, ...

It's the same with all other empty promises by the way. Like the wars. There were wars back in 2016-17 when he was advertising himself and promised to end those as well