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Author Topic: Biden Brings Back Former Pro-crypto Regulation Advisor  (Read 36 times)
Nicksy (OP)
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June 24, 2024, 09:22:40 PM
Last edit: July 02, 2024, 04:58:49 PM by Xal0lex
 #1

Bitcoin and crypto regulation is taking center-stage and could potentially dominate the upcoming US elections. Many voters who are into Bitcoin and cryptos are showing signs of willing to vote along the lines of who best can manage crypto regulations in the country.

https:// bitcoinics.com/biden-brings-pro-crypto-regulation-advisor/
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June 25, 2024, 02:26:47 AM
 #2

Saying Bitcoin and crypto regulations are a central point within this elections cycle feels rather like an exaggeration to me, to be honest. The average person who lives in the United States does not about Bitcoin enough to care and vote according to what their candidate has to offer on the issue of mining regulations, taxes on miners and holders, and the rules of the ETFs for other currencies which are likely to appear.
So far, everytime I go onto YouTube for the purpose of watching or listening to political commentary from the United States, they talk about other things which are more likely to affect the bulk of the population of the country: Inflation, gas prices, the transition towards green energy, even conspiracy theories and people like Mike Pillow get more screen time and attention on Youtube than Bitcoin does.
Bitcoin as a topic only has some relevance because of how tight the margin of the last elections was, the next president is likely to be chosen by a few thousands of voters in swing states, if those thousands of voters who are going to decide the election are Bitcoiners is something we do not know, neither Biden. Though, he may not be in the position to take a chance, hence why he may step back on some regulations and taxes on miners.

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June 25, 2024, 02:43:16 AM
 #3

Bitcoin and crypto regulation is taking center-stage and could potentially dominate the upcoming US elections. Many voters who are into Bitcoin and cryptos are showing signs of willing to vote along the lines of who best can manage crypto regulations in the country.

https://bitcoinics.com/biden-brings-pro-crypto-regulation-advisor/
And that is the plan all along. We've discussed this matter of politicians suddenly becoming invested in Bitcoin just because it's the new means to attract the public's vote.
Believe me, if EVs became the new pattern to manour public sentiment for their benefits, they will use it and make lofty promised to regulate it when making their campaigns but it's a matter of will still be at the forefront of their plans when they get what they want.

So far, Biden hasn't shifted from his stance on Bitcoin as he feels it's a means where the rich evade tax but deep down, to give Bitcoin the freedom to breathe means he'd be letting go of his ability to control things hence his staunch, unwavering support of CBDCs.
 This attitude of the president will open doors for Trump who for now is pro Bitcoin and has been vocal about his intentions and since Bitcoin users in the US aren't partisan, it will surely garner support to his side because really, who won't love a man who is so interested in the affairs of cryptocurrencies and Bitcoin in particular?

R


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