Biden team shift their tones on Bitcoin & cryptocurrency market

[0t3p0t]

Personally I don't trust politicians especially on what they personally tells people during speech unless being implemented. Anyways, since it was all about for the good of us crypto enthusiasts I think this has positive effects on us and yeah considered as good news for me. They are now targetting the crypto people in the hope of getting our attention especially US citizens for the elections I could be wrong but who knows? 😅

[peter0425]

Personally I don't trust politicians especially on what they personally tells people during speech unless being implemented.

Biden is such a snake. Him changing his perspective and approach on bitcoin just right before election is clearly a pr move. An attempt to gain back the support of crypto enthusiasts but he should have implemented laws that supported crypto if he was really in support of it.

Anyways, since it was all about for the good of us crypto enthusiasts I think this has positive effects on us and yeah considered as good news for me. They are now targetting the crypto people in the hope of getting our attention especially US citizens for the elections I could be wrong but who knows? 😅

You are not at all wrong lol. These politicians are so easy to read.

[CODE200]

Everyone extends olive branches to crypto when the price goes up but empty their rounds of bullets at it when it goes down. Who would've known?

However, I still do not trust the Biden administration in regards to crypto. They still look like the kind of people who are ready to kill bitcoin privacy at any moment if they want to.

PS: Politicians usually don't keep their promises. It is well known.

It's politics, you play your cards right and you befriend the right people at the right time and you will be able to make a big win, they knew that the crypto community is a really neutral group and they know that whatever they offer as long as it's a good thing for the community, that's where most of the community will be and I think that's just a normal thing with politicians running for office, I know that they don't keep their promises, after all, what matters is that we voted for them hoping that they will do good on their promise but that seems to be not the case. You can't trust any administration that's ambiguous at best when it comes to topics that are cryptocurrency related, they will just say whatever they want us to hear after all.

[edwai]

I am a newbie, how do I post on the website? Can someone teach me?

[batang_bitcoin]

Personally I don't trust politicians especially on what they personally tells people during speech unless being implemented. Anyways, since it was all about for the good of us crypto enthusiasts I think this has positive effects on us and yeah considered as good news for me. They are now targetting the crypto people in the hope of getting our attention especially US citizens for the elections I could be wrong but who knows? 😅

What we can ask for? they will say what their people really need but are they going to fulfill those promises that they've said during the campaign? I don't think so, maybe some will be able to fulfill that once they're on the seat but not at all. Well, just gonna good luck all the citizens of the United States of America and they need to be wise with who are they going to vote. Too many things are happening on this world already and we still have 5 months for the election and I hope that no world war will happen before that.

[satscraper]

Everyone extends olive branches to crypto when the price goes up but empty their rounds of bullets at it when it goes down. Who would've known?

However, I still do not trust the Biden administration in regards to crypto. They still look like the kind of people who are ready to kill bitcoin privacy at any moment if they want to.

But I do.

His administration  just wanna arrange everything back to order, including crypto

Trump as referred to crypto is more unclear as  I think he commonly  calls an audible depending on the profit he takes at this moment.

[Iranus]

During Biden's term, look what the SEC has done to us as they continuously attack the markets, from centralized exchanges to mixer services, and their next victims could be decentralized exchanges. I don't see anything good under Biden in power.

What have they done?
They made possible the biggest bull run we had, a new ATH and record cash inflows.

Do you mean the increase in bitcoin price is entirely based on the US government? We are proud that bitcoin is the only decentralized asset in the world and its value is determined by supply and demand, while you say the Biden administration is responsible for the increase in bitcoin price? And we must thank them and continue to support them, otherwise we won't have any more bull seasons? As some others have said, bitcoin was created in 2009 and has had many bull seasons before that. So all those bull seasons were also created by Biden? LMAO.

In recent news, on May 31, President Biden also vetoed the SAB 121 bill. Do you think this is one of the many good things Biden is bringing to cryptocurrency?



https://cryptoslate.com/biden-vetoes-resolution-to-overturn-of-secs-controversial-sab-121/

[legiteum]

In recent news, on May 31, President Biden also vetoed the SAB 121 bill. Do you think this is one of the many good things Biden is bringing to cryptocurrency?

Yes, putting more rules around Bitcoin investing--and making Bitcoin investments safer for everyday, mainstream investors--will help increase the price of Bitcoin. This is a very good thing for the market.

I realize that lots of us "hardcores" here on Bitcointalk don't think that way, but  we're not the ones responsible for Bitcoin being at the price level it is at, either. For Bitcoin to maintain these levels, the investment must be safe for average consumers.

Unless you want another FTX fiasco--and look what that did to the price of Bitcoin!--you should support more oversight into the Bitcoin market.

[stompix]

Do you mean the increase in bitcoin price is entirely based on the US government? We are proud that bitcoin is the only decentralized asset in the world and its value is determined by supply and demand, while you say the Biden administration is responsible for the increase in bitcoin price?

The increase in price is based on money inflow!
All your applause, meme, decentralization, everything doesn't mean a thing if there isn't money coming in!

We had an US ETF approval the price skyrockets, we had a HK and a Brazil one nobody cared!
If Biden and the democrats would have been against crypto wouldn't have state-wide approval for everything related to crypto nor would the US dominate everything related to Bitcoin, from LN channels to mining!
That's what I'm saying!

In recent news, on May 31, President Biden also vetoed the SAB 121 bill. Do you think this is one of the many good things Biden is bringing to cryptocurrency?

So a bill proposed by the SEC was good?
I'm willing to bet you have no idea what that bill was in the first place, no wonder you didn't mention it once before!