Trump to enter the crypto business

[legiteum]

Trump Jr. has announced that his family will be entering the cryptocurrency business:

https://cointelegraph.com/news/donald-trump-jr-launching-crypto-platform-take-on-banks

Although the details are still sketchy (which is how they do everything), it's clear that Trump is making a big push into crypto personally.

I have sometimes been called "alarmist" in these forums because I have made predictions about what Trump would do if he wins the presidency. I predicted that Trump would introduce a competitor of Bitcoin, and then use his control of the US government to prop up his platform and pass laws to denigrate existing crypto platforms like Bitcoin.

Well, it looks like my first prediction is about to come true.

Trump already has built-in excuses to come after Bitcoin: he promises to criminalize abortion in the USA, which will require the largest police state created in the USA since the Prohibition in the 1920s (which is how the FBI was invented, for instance). Since Bitcoin and other cryptos can be used to pay for illegal abortions, it will make sense that Americans should be forced to use his "trusted" platform instead of "untrusted" ones like Bitcoin. (And if that excuse doesn't work, they could think of a dozen more).

I would like people to think about what a Trump presidency would mean to Bitcoin and crypto generally.

Trump, a convicted criminal and somebody who has been found guilty of running multiple scams all of his life, will have his own business that competes with Bitcoin and/or the crypto industry, and he will have the full power of the US government to give his own company unfair advantages over competitors. And Trump has demonstrated, over and over again, that he will absolutely use the US presidency to enrich himself at he expense of the American people.

Do you want to compete directly against the President if the United States and his political party with your business? Then by all means vote for Trump.

[Upgrade00]

I predicted that Trump would introduce a competitor of Bitcoin, and then use his control of the US government to prop up his platform and pass laws to denigrate existing crypto platforms like Bitcoin.

So U.S dollar 2.0? What exactly do you mean by denigrate crypto platforms and what laws can be passed to achieve that?

Please keep political discussion in the Politics and society board, there are already too many political discussions clogging this board up.

[legiteum]

I predicted that Trump would introduce a competitor of Bitcoin, and then use his control of the US government to prop up his platform and pass laws to denigrate existing crypto platforms like Bitcoin.

So U.S dollar 2.0? What exactly do you mean by denigrate crypto platforms and what laws can be passed to achieve that?

Please keep political discussion in the Politics and society board, there are already too many political discussions clogging this board up.

Now that crypto is the biggest single donor to US elections this cycle, it's hard see where politics ends and Bitcoin begins. I personally would love nothing more than for Bitcoin and crypto to have nothing to do with US politics--like it has in previous elections--but this year is clearly very different.

And Trump entering the Bitcoin space is a clearly a business story, not just a political one.

And how would Trump compete against Bitcoin if he was elected? Very carefully, I am sure, but it's really not very hard when you have the entire US government on your side. All he has to do is require features that he knows only his platform has and get government approvals that only get can get. Trump will have the SEC, the DOJ, the FBI, the FTC, and a bunch of other agencies directly under his control--and this isn't even checked by Congress. And if he wins he will also most likely have a majority in Congress, meaning he can basically pass whatever law he wants. I don't think it's really necessary to use this space to come up with all of the ways Trump could do it--it's just too easy .

[tread93]

Trump Jr. has announced that his family will be entering the cryptocurrency business:

https://cointelegraph.com/news/donald-trump-jr-launching-crypto-platform-take-on-banks

Although the details are still sketchy (which is how they do everything), it's clear that Trump is making a big push into crypto personally.

I have sometimes been called "alarmist" in these forums because I have made predictions about what Trump would do if he wins the presidency. I predicted that Trump would introduce a competitor of Bitcoin, and then use his control of the US government to prop up his platform and pass laws to denigrate existing crypto platforms like Bitcoin.

Well, it looks like my first prediction is about to come true.

Trump already has built-in excuses to come after Bitcoin: he promises to criminalize abortion in the USA, which will require the largest police state created in the USA since the Prohibition in the 1920s (which is how the FBI was invented, for instance). Since Bitcoin and other cryptos can be used to pay for illegal abortions, it will make sense that Americans should be forced to use his "trusted" platform instead of "untrusted" ones like Bitcoin. (And if that excuse doesn't work, they could think of a dozen more).

I would like people to think about what a Trump presidency would mean to Bitcoin and crypto generally.

Trump, a convicted criminal and somebody who has been found guilty of running multiple scams all of his life, will have his own business that competes with Bitcoin and/or the crypto industry, and he will have the full power of the US government to give his own company unfair advantages over competitors. And Trump has demonstrated, over and over again, that he will absolutely use the US presidency to enrich himself at he expense of the American people.

Do you want to compete directly against the President if the United States and his political party with your business? Then by all means vote for Trump.

This is all just noise. Trump is trying to make some crypto plays something that no other president has done. News flash his businesses have lost money since he entered politics. He will try to form a company and profit from it like any businessman would. If you want to talk about a POS we can discuss Biden who has been laundering money for years and years and years though his handshake hush hush deals with China and Ukraine. Trump will at least do it in a legitimate way. I’m so sick of people bashing Trump, if you’re not voting for Trump in this election you’re not an American you’re probably foreign or have no clue wtf is actually going on here.

[legiteum]

This is all just noise. Trump is trying to make some crypto plays something that no other president has done. News flash his businesses have lost money since he entered politics. He will try to form a company and profit from it like any businessman would. If you want to talk about a POS we can discuss Biden who has been laundering money for years and years and years though his handshake hush hush deals with China and Ukraine. Trump will at least do it in a legitimate way. I’m so sick of people bashing Trump, if you’re not voting for Trump in this election you’re not an American you’re probably foreign or have no clue wtf is actually going on here.

Biden:

* Has never been indicted for any crime, let alone convicted, let alone indicted for 88 felonies as Trump has;

* Has never had any of his businesses shut down because of fraud, as Trump has for several of his businesses;

* Has never funneled millions of dollars of US taxpayer money to his companies, as Trump did during his presidency;

* Is not in the process of creating a business that competes with Bitcoin or the crypto industry generally, as Trump is;

And there is absolutely no evidence--not even conspiracy theories (which is saying something for Republicans) that Biden engaged in "money laundering" with the Chinese or any other government. And also, Biden is not running for president. So there's that.

Look, I get it: you clearly want abortion to be criminalized across the USA. I understand it's a very divisive topic, and those who think as you do will vote for absolutely anybody as long as they commit to making abortion illegal, as Trump has.

Harris is not going to use the US presidency to benefit her crypto business (because she doesn't have one, for starters). There's every reason to expect Trump will do exactly that.

Edit:

By the way, your man is basically senile at this point. Good luck trying to win anything with this vegetable:

The GOP’s new worry: Trump can’t drive a coherent message

[Darker45]

The Trump family has been into crypto business already. Trump Sr. has already released his NFTs and made millions out of it as early as 2022. That, despite his pronouncements against Bitcoin, even calling it "a scam against the dollar", a year prior.

Now that he's been praising Bitcoin no end-- although he speaks of it as if it is interchangeable with crypto-- there's no reason why his family would step on the breaks.

The family has certainly made even better following within the crypto community after Trump Sr.'s various interviews, speeches, and other public addresses that are even covered by the media in which he is so generous in speaking in favor of crypto. No way would they not take advantage of it. As a matter of fact, they've already quickly released Bitcoin-themed sneakers. And it was a sold-out.

[fuguebtc]

From what I can see , the noise around Trump and bitcoin is slowly dying down and some people are getting bored with the same topics . A democratic party supporter like you should stop creating topics related to Trump and instead create topics related to the democratic party  . Because what you're doing is attacking and spreading negative things about Trump . But I'm not sure if it will work or not and make people stop voting for him , but you are running free ads for him as his name keeps coming up and attracting people's attention .

Their family is famous for being a business family, so the fact that they or their relatives take advantage of every opportunity to make money is nothing new or surprising, and that is the nature of capitalist entrepreneurs. If you don't like it then stay away, that's all .

[peter0425]

Trump Jr. has announced that his family will be entering the cryptocurrency business:

https://cointelegraph.com/news/donald-trump-jr-launching-crypto-platform-take-on-banks

Although the details are still sketchy (which is how they do everything), it's clear that Trump is making a big push into crypto personally.

Well it is not an actual coin or token at least and instead is just a platfform. Maybe this will compete against other established exchanges but they still have a long way to go. Seeing the positives here, this means that Trump or at least his family is serious with their interest with crypto.

If he does not win presidency, he still can very much resort to crypto and launch his own memecoin. Either way, crypto will definitely and rightfully get some exposure to the citizens of america.

[Crypt0Gore]

I will never take this serious, there is one reason why I like the citizens of the united states, they don't take shit when it comes to leaderships, it takes them nothing to ruin Trumps reputation if he misbehave, his promise was to back the US dollars with Bitcoin, that's all and he already has a meme coin and NFTs too, I believe that's enough.

He can be opened to other alternative coins, maybe XRP like or ETH like, but we all know that nothing can replace Bitcoin, for family business they can build a exchange or something but not BTC 2.0, even if he tries to it won't be a success.

People choose Bitcoin first before Trump, in the end we care more about Bitcoin than Trump or any popular figure supporting Bitcoin, one is decentralised and the other is a human, who should we all trust if not decentralisation?

[nutildah]

In a way, it makes perfect sense that the Trumps would get involved in crypto. Dunno if you heard about yet it but Barron Trump's name was already used in a fiasco of a Solana memecoin that was being in part promoted by Martin Shkreli and Andrew Tate..

Trump already has built-in excuses to come after Bitcoin: he promises to criminalize abortion in the USA, which will require the largest police state created in the USA since the Prohibition in the 1920s (which is how the FBI was invented, for instance). Since Bitcoin and other cryptos can be used to pay for illegal abortions, it will make sense that Americans should be forced to use his "trusted" platform instead of "untrusted" ones like Bitcoin. (And if that excuse doesn't work, they could think of a dozen more).

Its all promises -- that's all he does is make promises based on what he thinks his audience wants to hear; hell, that's what 99% all of politicians do.

I would like people to think about what a Trump presidency would mean to Bitcoin and crypto generally.

If anything, it will drag the price of BTC down with the rest of the markets, just like what happened last time around. But it won't be because of anything Trump does specifically. The economy always tanks under Republican leadership, at least for the majority of my lifetime. It's just what happens.

[mindrust]

Donald Trump is a very successful businessman and as a successful businessman he is, like Elon and Gemini Bros., he understands the importance of the crypto industry. That’s why he is pro-crypto unlike the communist government assets like Kamala/Biden/Obamala who are anti-crypto and anti-freedom.

We are stronger when these brilliant and rich people support our cause.

Congratz Donald! Crypto for the win.

[nutildah]

Donald Trump is a very successful businessman

He's the best businessman. Nobody knows their way around a business like him. People tell him so. We asked ten different people on the street if they could name a better businessman than Trump and none of them could do it. Not one.

he understands the importance of the crypto industry. That’s why he is pro-crypto unlike the communist government assets like Kamala/Biden/Obamala who are anti-crypto and anti-freedom.

Nobody understands the importance of the crypto industry like him. Obama didn't get it. You can be sure Hidin' Biden didn't get it. And Kamala? Pffft. Gimme a break. You think she understands how crypto works? Forget it, folks. Its not even a contest.

We are stronger when these brilliant and rich people support our cause.

Congratz Donald! Crypto for the win.

Its a testament to the power of the U.S. political machine that the tentacles of our propaganda are so powerful they can co-opt the minds of millions of non-citizens living thousands of miles away from our borders, effectively turning them into a botnet unaware that it exists to further the spread of foreign political ideology.

We have the best propaganda.

[snerd]

Trump Jr. has announced that his family will be entering the cryptocurrency business:

https://cointelegraph.com/news/donald-trump-jr-launching-crypto-platform-take-on-banks

Although the details are still sketchy (which is how they do everything), it's clear that Trump is making a big push into crypto personally.

I have sometimes been called "alarmist" in these forums because I have made predictions about what Trump would do if he wins the presidency. I predicted that Trump would introduce a competitor of Bitcoin, and then use his control of the US government to prop up his platform and pass laws to denigrate existing crypto platforms like Bitcoin.

Well, it looks like my first prediction is about to come true.

Trump already has built-in excuses to come after Bitcoin: he promises to criminalize abortion in the USA, which will require the largest police state created in the USA since the Prohibition in the 1920s (which is how the FBI was invented, for instance). Since Bitcoin and other cryptos can be used to pay for illegal abortions, it will make sense that Americans should be forced to use his "trusted" platform instead of "untrusted" ones like Bitcoin. (And if that excuse doesn't work, they could think of a dozen more).

I would like people to think about what a Trump presidency would mean to Bitcoin and crypto generally.

Trump, a convicted criminal and somebody who has been found guilty of running multiple scams all of his life, will have his own business that competes with Bitcoin and/or the crypto industry, and he will have the full power of the US government to give his own company unfair advantages over competitors. And Trump has demonstrated, over and over again, that he will absolutely use the US presidency to enrich himself at he expense of the American people.

Do you want to compete directly against the President if the United States and his political party with your business? Then by all means vote for Trump.

Please, for the love of god, just stop! You’re a liar and a shill for the left. A national police force to enforce abortion?! Lololol

[mindrust]

Please, for the love of god, just stop! You’re a liar and a shill for the left. A national police force to enforce abortion?! Lololol

Far Left forum bots seem to like his comments. Judging from the number of merits he has been collecting lately, I can say that he will be a super commie account with 5k merits soon. He made a nice discovery. There are many communist party voters around. Good for him.

[Die_empty]

I have sometimes been called "alarmist" in these forums because I have made predictions about what Trump would do if he wins the presidency. I predicted that Trump would introduce a competitor of Bitcoin, and then use his control of the US government to prop up his platform and pass laws to denigrate existing crypto platforms like Bitcoin.

Well, it looks like my first prediction is about to come true.

Your predictions have not materialized because Trump has not won the elections, and the announcement by Trump Jr. might just be another political stunt. I know that America has a vibrant Congress and Courts. Or are you seeing your country now operates an authoritarian system where the president has absolute powers to make laws without limits?

Trump already has built-in excuses to come after Bitcoin: he promises to criminalize abortion in the USA, which will require the largest police state created in the USA since the Prohibition in the 1920s (which is how the FBI was invented, for instance). Since Bitcoin and other cryptos can be used to pay for illegal abortions, it will make sense that Americans should be forced to use his "trusted" platform instead of "untrusted" ones like Bitcoin. (And if that excuse doesn't work, they could think of a dozen more).

Do you mean that Trump will introduce his cryptocurrency just because he wants to enforce his anti-abortion laws? That's ridiculous. Americans already know how to bypass such laws. Many of them will simply move to Mexico where they will even get cheaper and private abortions. Trump will end up flooding the US with illegal abortion drugs if he goes to this extent in his bid to control abortion.

[legiteum]

I have sometimes been called "alarmist" in these forums because I have made predictions about what Trump would do if he wins the presidency. I predicted that Trump would introduce a competitor of Bitcoin, and then use his control of the US government to prop up his platform and pass laws to denigrate existing crypto platforms like Bitcoin.

Well, it looks like my first prediction is about to come true.

Your predictions have not materialized because Trump has not won the elections, and the announcement by Trump Jr. might just be another political stunt.

I guess I should have qualified that the first part of my prediction has come true.

I know that America has a vibrant Congress and Courts. Or are you seeing your country now operates an authoritarian system where the president has absolute powers to make laws without limits?

Trump tried to overthrow the US government violently, and his voters don't care. He is a convicted criminal with 88 more indictments on the way, and his voters don't care. He illegally extorted Ukraine, and his voters don't care.

Trump won't have to make any laws, he will just break the ones that already exist as if they weren't there--and his voters won't care.

There was a recent poll (I forgot where, google it) that indicated that a majority of Trump's voters want an authoritarian system where the president is an absolute dictator.

America has a vibrant Congress and Courts... if we can keep it...

Do you mean that Trump will introduce his cryptocurrency just because he wants to enforce his anti-abortion laws? That's ridiculous. Americans already know how to bypass such laws. Many of them will simply move to Mexico where they will even get cheaper and private abortions. Trump will end up flooding the US with illegal abortion drugs if he goes to this extent in his bid to control abortion.

No, Trump is introducing his own crypto stuff so he can make billions (or even trillions) of dollars. He will use his party's favorite policy goal as an excuse to disfavor his competitors and favor his own products.

Republicans are already instituting border controls around states to keep women from leaving states to get abortions. They obviously know all about what you are proposing here, and obviously the only way to stop all of the abortions will be to do what they are doing in certain states in the whole country.

Also, Republicans have also temporarily made the abortion drug illegal nationwide, but since a Democrat was president (Biden), that failed. But Trump will reinstate that ban the moment he gets into office. And then yes, all abortion drugs in the US will have the same issues as illicit drugs like heroine and fentanyl since they will be illegal.

Stopping the millions of abortions in the US every year--a key policy goal of Republicans for the last 40 years--will require a new police state like the US has never seen.

[nutildah]

Far Left forum bots seem to like his comments. Judging from the number of merits he has been collecting lately, I can say that he will be a super commie account with 5k merits soon.

I just got him to 100, so now he's a Full member. We need more, higher ranked communists in this forum to help balance things out.

[microsurfer]

He just want to find more supporters in the crypto space, he really want to win, thats why he have a lot of promisses

[seoincorporation]

This isn't new at all, trump used to have tokens in the past campaign and he knows how to capitalize a campaign with cryptos.

But the exchange idea is new, i like that slogan about the banks, and for sure he will put a bunch of money on his platform, and just think what would happen if he wins the elections, that would be madness because he would be able to inject money to cryptos directly from the gov. Something like El Salvador did.

[NotATether]

I predicted that Trump would introduce a competitor of Bitcoin, and then use his control of the US government to prop up his platform and pass laws to denigrate existing crypto platforms like Bitcoin.

So U.S dollar 2.0? What exactly do you mean by denigrate crypto platforms and what laws can be passed to achieve that?

He said he wants to launch an official Trump (shit)coin.

So nothing to see here.