[UPDATED] Trump's stance on Bitcoin is changing, the Democrats strike back!

[nikola22]

However, bitcoin pumped more than 3000% under the first term of the Donald. I do not know what is your argument because what I have said is that the Democrats will strike back against the Republicans, against the cryptospace and much of the DeFi projects and companies in the cryptospace. They will leave the rule and regulations to be unclear so they can use their favorite tactic. Regulation through enforcement hheheeheh.

but back then the rise of Bitcoin wasn’t to Trump’s credit. moreover, during his first presidential term Trump spoke negatively about cryptocurrencies. for example, he called Bitcoin a scam: https://www.foxbusiness.com/video/6257768965001

it was only when Trump realized or was shown how cryptocurrency could be used for personal enrichment that he suddenly became a "friend" to Bitcoin. however, in reality he only cares about his own gain. he couldn’t care less about Bitcoin unless it puts money into his own pocket.

[bbc.reporter]

The Democrats have now the majority in congress and the senate and presently there is a rumor that the anticrypto Democrat grandma Warren will be appointed as the chairman of the banking committee. This implies that it will not be very shocking there will be operation Chokepoint part 3 on the cryptospace!

Also, everything that Trump has supported in the cryptospace, the Democrats will reverse this. Does this imply that they will go after CZ again and send him back to prison?

[legiteum]

Also, everything that Trump has supported in the cryptospace, the Democrats will reverse this. Does this imply that they will go after CZ again and send him back to prison?

So no more TrumpCoin. Ohhhhh nooooozzzz!!!!

Seriously though, maybe stick to politics in your own country, because here in the USA, parliament Congress doesn't control the DOJ and thus prosecution, here we have this thing called the "Executive Branch", which your beloved* Trump still technically controls.

(*Beloved only to about 20% of Americans [and apparently one Brit] now, but who's counting  ).

[free-bit.co.in]

The Democrats have now the majority in congress and the senate and presently there is a rumor that the anticrypto Democrat grandma Warren will be appointed as the chairman of the banking committee. This implies that it will not be very shocking there will be operation Chokepoint part 3 on the cryptospace!

Also, everything that Trump has supported in the cryptospace, the Democrats will reverse this. Does this imply that they will go after CZ again and send him back to prison?

Per Stand With Crypto, 68.2% of the candidates who won in the midterms are rated pro crypto, whether they're Republicans or Democrats. If that's true, there are about 245 pro crypto candidates out of 535 seats in Congress as of now.

Not every Democrat is anti crypto, mate.

Tbf, Trump didn't do much for the industry these past 2 years either. What he did was mostly about profit for his family, not about the industry's future or pushing it forward.


https://www.hokanews.com/2026/11/245-pro-crypto-candidates-win-midterms.html

[knowngunman]

Also, everything that Trump has supported in the cryptospace, the Democrats will reverse this. Does this imply that they will go after CZ again and send him back to prison?

Allegedly, Democrats promised to use subpoena power to probe Trump family business dealing and all crypto ventures linked to him. Obviously, we are going to witness some changes but not everything can be reversed easily. They may go after Binance but they can not send back CZ to prison unless it's possible to reverse presidential pardon which I doubt.

Tbf, Trump didn't do much for the industry these past 2 years either. What he did was mostly about profit for his family, not about the industry's future or pushing it forward.

He did little for the industry and the rest for his family. Lol, family always come first by the way. He basically use the industry to push himself and his family forward instead of pushing the industry forward.

[Dickiy]

The Democrats have now the majority in congress and the senate and presently there is a rumor that the anticrypto Democrat grandma Warren will be appointed as the chairman of the banking committee. This implies that it will not be very shocking there will be operation Chokepoint part 3 on the cryptospace!

Also, everything that Trump has supported in the cryptospace, the Democrats will reverse this. Does this imply that they will go after CZ again and send him back to prison?

Trump defeat certainly makes the crypto industry worried, but the highlight is the US public's dissatisfaction with trump's policies that insist on wanting war. That's where the problem begins if from the beginning trump was not too insistent on wanting war with Iran, it is likely that US citizens still want to vote for the Republican Party. Now the impact of crypto policy is again an easy target by the Democratic Party who from the beginning wanted to avenge what trump started.

[FinneysTrueVision]

The Democrats have now the majority in congress and the senate and presently there is a rumor that the anticrypto Democrat grandma Warren will be appointed as the chairman of the banking committee. This implies that it will not be very shocking there will be operation Chokepoint part 3 on the cryptospace!

Also, everything that Trump has supported in the cryptospace, the Democrats will reverse this. Does this imply that they will go after CZ again and send him back to prison?

As long as Trump is still president and controls key enforcement agencies there isn’t much the Democrats can do besides preventing new legislation from being passed. Things might be different if a Democrat becomes President but it’s not a certainty they will win nor that their candidate will be anti-crypto.

To some extent, Operation Chokepoint 2.0 was played up to be worse than it really was. Regulation is always going to be strict in the United States regardless of who is President. Even with Trump right now, Americans are still prohibited from buying tokenized stocks and trading on perp DEXs.

Trumps actions, like pardoning CZ and not privacy developers, has shown us that his priorities have never been about supporting crypto.

[stompix]

Also, everything that Trump has supported in the cryptospace, the Democrats will reverse this.

So democrats will start buying TrumpCoin, MelaniaCoin and WLFI?
Cause Trump policy has been dumping shitcoins on everyone, and....what else?
Like seriously, what has Trump supported for Bitcoin not shitcoins and stablecoins to fill his own pockets?

Oh,and if Democrats do the reverse thing, then it's even better, Gary Gensler the true Bitcoin Maxi and shitcoin hater might be nominated again and we won't have a shitcoin lover and CEX ass kisser in office

Does this imply that they will go after CZ again and send him back to prison?

And hopefully this time that lying piece of shit rots alongside SBF in prison.

[bbc.reporter]

Oh,and if Democrats do the reverse thing, then it's even better, Gary Gensler the true Bitcoin Maxi and shitcoin hater might be nominated again and we won't have a shitcoin lover and CEX ass kisser in office

Does this imply that they will go after CZ again and send him back to prison?

And hopefully this time that lying piece of shit rots alongside SBF in prison.

I like your hopium and you might correct. Gensler 2.0 might only be pessimistic for the whole of the cryptospace except bitcoin!

On CZ, yes. There is a conspiracy theory that the hack was his trick to take out $6.3 billion from Binance before it will be shutdown.

In any case, it appears that Gensler 2.0 is also being mentioned in social media by other people.



We've derisked quite a bit. After derisking higher we kept re-adding. That has completely stopped.

This isn't purely an alpha based call. I don't have a good read on the market, we're up a lot into year end and want to crystallize gains, and I'm worried about what's coming.

Short term, crypto may be uninvestable. Democrats are probably going Gensler 2.0. There are plenty of nasty outcomes:

- DATs made illegal and forced to unwind
-Warren Banking Oversight
- Protocols pushing memecoins getting prosecuted
- Privacy tokens treated as hostile

Mid to long term, this is obviously a net good for Bitcoin. Democrats will likely accelerate spending and fiat debasement, and the industry may come out better once it gets "cleaned up."

Expect a tremendous amount of volatility. It will present incredible buying opportunities.

Note: The democrats cannot replace the CFTC chair who has been ruling favorably for stock perps and DeFi generally, so some assets may not be totally evisercated.

Source https://x.com/ThinkingUSD/status/2120308472390541751?s=46

[stompix]

I like your hopium and you might correct. Gensler 2.0 might only be pessimistic for the whole of the cryptospace except bitcoin!

It's hopium on the nomination; Trump will never agree with someone who sees Trumpcoin and Melaniacoin as scams as chief of anything.
But Gary was always a Bitcoin maxi, more than 99% of this board!

- DATs made illegal and forced to unwind
-Warren Banking Oversight
- Protocols pushing memecoins getting prosecuted
- Privacy tokens treated as hostile

So we have:
- DATS, as in share-printing companies that just grab people's money to buy crypto while giving them worthless papers in return, oh no!
- nothing to do with crypto really
- oh , hell yes
- Gary never actually had anything clear against privacy coins, see page 22:
https://ocw.mit.edu/courses/15-s12-blockchain-and-money-fall-2018/5d9600f7f25e4cdb6793d7e214758b54_GLVrOlHLJ1U.pdf

I take these 4 over what we have now!

[Abiky]

As long as Trump is still president and controls key enforcement agencies there isn’t much the Democrats can do besides preventing new legislation from being passed. Things might be different if a Democrat becomes President but it’s not a certainty they will win nor that their candidate will be anti-crypto.

To some extent, Operation Chokepoint 2.0 was played up to be worse than it really was. Regulation is always going to be strict in the United States regardless of who is President. Even with Trump right now, Americans are still prohibited from buying tokenized stocks and trading on perp DEXs.

Trumps actions, like pardoning CZ and not privacy developers, has shown us that his priorities have never been about supporting crypto.

Trump pardoned CZ just because the former Binance CEO is wealthy. Anyone who's wealthy or has done business with Trump before, will receive a "special treatment". Privacy developers never contributed to Trump's political campaign, nor did they do business with Trump before. It has always been about Trump enriching himself with crypto, rather than truly believing in it.

Democrats would probably target Trump's involvement with WLFI and his little "meme" coin. The end of an era. Crypto will survive, but it will be strictly regulated by the Democrats. It's what's coming in 2027 and beyond. If Republicans win the WH and at least the House by 2028, then the crypto industry would be in for a huge win. Otherwise, not. We'll see what happens...