What’s at Stake for US Crypto Regulation?

[Cech]

What impact do you guys think that former President Donald Trump's involvement in the Trump Bitcoin Conference Nashville 2024 will have on the future of cryptocurrency regulation in the US?

https://www.coinspotlight.net/2024/07/27/trump-bitcoin-conference/

In the article, it’s noted that Trump has positioned himself as a pro-crypto candidate and plans to address the Trump Bitcoin Conference in Nashville. Additionally, he has pledged to protect the rights of those who self-custody their cryptocurrencies and aims to support the crypto sector if re-elected. How could these positions influence the crypto policies and innovation moving forward?
Do you think that this stance will encourage more favorable regulations, or could it come to a new challenges?


Thank you

[pooya87]

Additionally, he has pledged to protect the rights of those who self-custody

That's fancy talk for more restrictions and surveillance. They've been doing it for always, like NSA invading your privacy and mining your data every second of every day and calling that "protecting your rights".

For example will he remove the nonsense OFAC mining bans that is forcing American miners to attack Bitcoin every time they find a new block by censoring transactions? I don't think he is even capable of doing that.
And that's just one example.

[Ambatman]

I think he's just telling the masses what they want to hear

We will defend the right to mine Bitcoin, and ensure every American has the right to self-custody of their digital assets and transact free from government surveillance and control.”

There's a reason he used self custody,Which he is well aware many are advocating for.
Government would remain Government
Always loves poking nose in everyone's activities
What's a government if they can't control everything.
 

For example will he remove the nonsense OFAC mining bans that is forcing American miners to attack Bitcoin every time they find a new block by censoring transactions? I don't think he is even capable of doing that.
And that's just one example.

I doubt he will
It is done to protect the right of the citizen

Funny how he stated in 2021

"Bitcoin, it just seems like a scam," Mr Trump said. "I don't like it because it's another currency competing against the dollar."

https://www.google.com/amp/s/www.bbc.com/news/business-57392734.amp
Politics, Very chaotic.

[kryptqnick]

I believe that he will attend the conference and give a speech, as it's in his best interest to gather more funds and support for his campaign. It's going to be a tough battle against Harris, so he needs all the support he can get.
That being said, the impact of the speech should not be overestimated. Trump is not currently the president, and while he is influential, I don't think his current role allows him to have strong impact on crypto regulations in the US. It is also unclear whether he will become the next president and whether he will follow through with crypto promises if he wins. Finally, I don't believe the rumours about Trump intending to declare BTC a US strategic reserve.

[Kemarit]

I believe that he will attend the conference and give a speech, as it's in his best interest to gather more funds and support for his campaign. It's going to be a tough battle against Harris, so he needs all the support he can get.
That being said, the impact of the speech should not be overestimated. Trump is not currently the president, and while he is influential, I don't think his current role allows him to have strong impact on crypto regulations in the US. It is also unclear whether he will become the next president and whether he will follow through with crypto promises if he wins. Finally, I don't believe the rumours about Trump intending to declare BTC a US strategic reserve.

If I'm not mistaken, he still leads Harris by 2-3 points the most, so if there is a tough battle, it will be on the side of Kamala as she need a lot of support. And her turning down the invitation to speak in this conference, but hurt her candidacy for Bitcoin and crypto enthusiast in general.

On the other hand, after the assassination attempt on Trump, he has been on the roll and as we say, he had the momentum already in this election. And him as the center of the conference and him giving what the people wanted to hear from him as a pro crypto advocate, might be the biggest decision for Trump as it might catapulted him with a great lead that Harris can't overcome.

[AprilioMP]

Additionally, he has pledged to protect the rights of those who self-custody their cryptocurrencies and aims to support the crypto sector if re-elected.

I come out with a different mindset about what candidates promise about cryptocurrencies during the campaign.
If they really show a serious attitude towards the rights promised, in previous contests there have been positive effects but many have also complained.
I understand that politicians can't keep their promises, at least they can implement a little of what they promised during the campaign to gain support.