Kamala Harris might continue crackdowns on Bitcoin and the cryptospace

[legiteum]

Also, why hasn't this thread been moved to Politics? How political can you get?

[bbc.reporter]

@legiteum. This is not a politics discussion thread. This is a news updates, discussion and speculation on what might be the occurrences under a new administration after the elections on November. Why are you showing desperation if Kamala Harris and her speculated relationship with the cryptospace is being discussed in the forum? If you do not like it, you can ignore this thread. We are here to discuss bitcoin, the cryptospace and if the crackdowns will continue, also if bitcoin will pump or dump after November.

[legiteum]

@legiteum. This is not a politics discussion thread. This is a news updates, discussion and speculation on what might be the occurrences under a new administration after the elections on November. Why are you showing desperation if Kamala Harris and her speculated relationship with the cryptospace is being discussed in the forum? If you do not like it, you can ignore this thread. We are here to discuss bitcoin, the cryptospace and if the crackdowns will continue, also if bitcoin will pump or dump after November.

We all know you are only posting Republican disinformation so your favored party, the Republicans, can win the election. And it's very apparent to me that your love of Trump has absolutely nothing to do with crypto, and probably has everything to do with getting abortion to be illegal in the USA.

You are obviously not here to "discuss Bitcoin", you are here to trash one of the two US political parties. Hence all of the name-calling and GOP-generated memes.

Indeed, you haven't even pointed to a single actual policy that Democrats have put forward that has diminished Bitcoin, which I understand would be pretty darn hard since Bitcoin went up 500% under president Biden.

If the moderators want to move all US politics-related discussion to the politics forum, I won't argue with them, but it seems like consistency would demand this thread attacking US Democrats be moved too.

[Marvell1]

@legiteum. This is not a politics discussion thread. This is a news updates, discussion and speculation on what might be the occurrences under a new administration after the elections on November. Why are you showing desperation if Kamala Harris and her speculated relationship with the cryptospace is being discussed in the forum? If you do not like it, you can ignore this thread. We are here to discuss bitcoin, the cryptospace and if the crackdowns will continue, also if bitcoin will pump or dump after November.

We all know you are only posting Republican disinformation so your favored party, the Republicans, can win the election. And it's very apparent to me that your love of Trump has absolutely nothing to do with crypto, and probably has everything to do with getting abortion to be illegal in the USA.

You are obviously not here to "discuss Bitcoin", you are here to trash one of the two US political parties. Hence all of the name-calling and GOP-generated memes.

Indeed, you haven't even pointed to a single actual policy that Democrats have put forward that has diminished Bitcoin, which I understand would be pretty darn hard since Bitcoin went up 500% under president Biden.

If the moderators want to move all US politics-related discussion to the politics forum, I won't argue with them, but it seems like consistency would demand this thread attacking US Democrats be moved too.

Based on what's going on, we could see that either Trump and the Republican Party is expressing support for bitcoin and cryptocurrency. Meanwhile, everyone realized that during his four years in office, Biden and the Democratic Party were not too friendly to cryptocurrency. Even during the election campaign, they didn't even want to mention cryptocurrencies. So the fact that people here are discussing and expressing support for the republican party means that people are also supporting bitcoin.

The ultimate purpose of this discussion is still bitcoin, people are just concerned about its future and want to know what it will look like after the election is over. No one here cares about Trump or Harris as much as you think.

[legiteum]

The ultimate purpose of this discussion is still bitcoin, people are just concerned about its future and want to know what it will look like after the election is over. No one here cares about Trump or Harris as much as you think.

Really? Then why does it seem like every other post on this forum is somebody pumping up Trump? Why do they keep lying about the Democrats, saying they are the "enemy of crypto" when the facts simply don't support that?

The only reason I can think of is that they support the Republican political agenda, e.g. deporting 5% of US workers, getting into a trade war with China, and making abortion illegal. Since Bitcoin has done so well under Democrats, there is simply no other explanation.

[NotATether]

Governments trying to de-stabilize crypto banks has already been debunked a while ago. Silicon Valley Bank went down due to mismanagement, not because of anything the government did. I'm not sure about the downfall of the other two banks though, but it definitely has to have something to do with exposing themselves to too much risk in their credit and loans, and not because of anything the government did (which is supposed to be regulating these banks).

[fuguebtc]

Whoever becomes US president will not stop the growth of bitcoin, Bitcoin has been in existence since 2009 until now and that means it has gone through 4 different US presidents. But if anti-bitcoin, unfriendly crypto-people like Biden or Gary continue to hold power, our development will slow down. Meanwhile, if we get the support of people who have a more open view of bitcoin and cryptocurrency, it will help us grow a little faster. So it will depend on what people want and decide who to vote for.

Biden's policies have resulted in less investment in US-based crypto companies, and for crypto-related companies to cease operations in the US. This results in other countries getting these investment dollars, and other countries benefiting from innovation related to crypto currencies, including bitcoin.

That the Biden administration is not crypto-friendly and that they do not want it to grow is quite clear as they enacted many draconian policies as well as supported Gary's crypto crackdown. Everything is clear as day and anyone can see, but it is confusing when some people say that the cryptocurrency industry has developed very well under Biden.
Bitcoin and cryptocurrencies have grown well because as I said no one can stop them, bitcoin is almost inevitable. I believe that if it weren't for the Biden administration or them stopping Gary from treating cryptocurrencies unfairly, we would probably be much better off than we are now.

To date , Harris has not mentioned or expressed her views on cryptocurrency during her campaign, which suggests she is implicitly asserting that she will continue to pursue Biden's legacy or it will be even worse once she is elected.

[Lucius]

https://x.com/btc_archive/status/1826362374531461549?s=46

OP what do you think about this? As they say in WO, we got a Trump with just a little more hair

They are all the same, for power and function they will change their mind ten times a day if it suits them. This only confirms the conclusion that it is completely irrelevant who will be the next president of the US.

[Luzin]

They are all the same, for power and function they will change their mind ten times a day if it suits them. This only confirms the conclusion that it is completely irrelevant who will be the next president of the US.

Anything can change, including nature and policies when they have interests and desires to be achieved. But usually when politics is in competition, one will bring the opposite recognition of the competitor. But if you look at this, both will bring up the same issue and that seems to be enough to make supporters split.  But will Kemala be Trump's opponent? I have not read about the declaration and its supporting parties.

Source: https://www.bloomberg.com/news/articles/2024-08-21/harris-supports-policies-to-expand-crypto-industry-aide-says

[mindrust]

If Kabala is going to copy Trump’s campaign why don’t she just join the Republican Party?

Recently Robert F Kennedy did just that.

RFK Jr To Endorse Trump On Friday Morning

Update (5:15pm ET): As we speculated earlier, Robert F. Kennedy Jr. indeed plans to end his independent presidential campaign and endorse former President Donald Trump, NBC news reported citing two sources familiar with the plans.

Wise move Kenny. You don’t wanna partner up with commies. JFK would be proud of ya.

[avp2306]

If Kabala is going to copy Trump’s campaign why don’t she just join the Republican Party?

Recently Robert F Kennedy did just that.

RFK Jr To Endorse Trump On Friday Morning

Update (5:15pm ET): As we speculated earlier, Robert F. Kennedy Jr. indeed plans to end his independent presidential campaign and endorse former President Donald Trump, NBC news reported citing two sources familiar with the plans.

Wise move Kenny. You don’t wanna partner up with commies. JFK would be proud of ya.

Harris still get what she want from his current party so as long as they make her satisfied with the action done with his comrades then provably that she won't think about leaving Democrats.

What action been done by RFK is really great and he show that he's a true gentleman by stepping out of the game when he know he doesn't have a chance to win and just help his fellow candidates to get more support and win. The endorsement made by Kennedy would provably bring good exposure to Trump and more possible voters to come with his side.

Now everything goes more interesting and Trump get more support coming from influential people.

[coolcoinz]

Indeed, you haven't even pointed to a single actual policy that Democrats have put forward that has diminished Bitcoin, which I understand would be pretty darn hard since Bitcoin went up 500% under president Biden.

You should probably count that once again because Biden took office in January 2021 and the price of Bitcoin was around $30k on December 31 2020 and peaked at around 70k. How's that 500%?
On January 6 it was $40k and Trump was technically still the president at that time!

This means nothing though. When Trump took office in 2017 bitcoin went from $700 to 20k, which is around 3x the Biden's record (the one you made up because it was never 500%). According to these numbers trump was much better for bitcoin than Biden.

You're grasping at straws.


You know why they failed with most of their policies? Because they couldn't get the majority. Biden and Democrats tried hard, but failed every time.
Here's one example of an anti bitcoin policy:
https://www.warren.senate.gov/imo/media/doc/Crypto%20AML%20One-Pager_7.26.23.pdf

Here's some explanation why they failed
https://www.foxbusiness.com/politics/treasury-deals-blow-to-elizabeth-warrens-anti-crypto-crusade

[bitLeap]

So here's the pattern
If Trump wins then he will nominate someone pro-crypto in his administration if based on current rumors Elon Musk, while if Kamala becomes president then she will nominate Gary Gensler as the leader who eradicates crypto in the US. It's that simple so for US citizens make the right choice and also for the crypto community must be careful that Kamala propaganda may greet you for a while but in the end if she is elected then the first person to stab the crypto community in the US will be her and Gary Gensler. The impact will not only be in the US but the crypto community throughout the country will feel the consequences too.

[ultrloa]

So here's the pattern
If Trump wins then he will nominate someone pro-crypto in his administration if based on current rumors Elon Musk, while if Kamala becomes president then she will nominate Gary Gensler as the leader who eradicates crypto in the US. It's that simple so for US citizens make the right choice and also for the crypto community must be careful that Kamala propaganda may greet you for a while but in the end if she is elected then the first person to stab the crypto community in the US will be her and Gary Gensler. The impact will not only be in the US but the crypto community throughout the country will feel the consequences too.

Provably it is and nothing more close to get that position is Elon Musk since we know how big his support to Trump in campaign so most provably he's willing to give a position to Musk if he would accept to became a pro-crypto advocate or run a project for crypto under Trumps term.

And I guess he is more serious regarding on what he promise and say to people. He choose a good VP JD Vance which is also a pro crypto that's why their current tandem is really good and we provably could see a better crypto industry under their term.


Kamala I don't believe that they can bring some good change especially for crypto since they are already been known that they are anti crypto. So most likely people will experience hell under their term so people should pick right leader which can bring good growth and adaption to new improvements to their country.

[bbc.reporter]

@legiteum. This is not a politics discussion thread. This is a news updates, discussion and speculation on what might be the occurrences under a new administration after the elections on November. Why are you showing desperation if Kamala Harris and her speculated relationship with the cryptospace is being discussed in the forum? If you do not like it, you can ignore this thread. We are here to discuss bitcoin, the cryptospace and if the crackdowns will continue, also if bitcoin will pump or dump after November.

We all know you are only posting Republican disinformation so your favored party, the Republicans, can win the election. And it's very apparent to me that your love of Trump has absolutely nothing to do with crypto, and probably has everything to do with getting abortion to be illegal in the USA.

You are obviously not here to "discuss Bitcoin", you are here to trash one of the two US political parties. Hence all of the name-calling and GOP-generated memes.

Indeed, you haven't even pointed to a single actual policy that Democrats have put forward that has diminished Bitcoin, which I understand would be pretty darn hard since Bitcoin went up 500% under president Biden.

If the moderators want to move all US politics-related discussion to the politics forum, I won't argue with them, but it seems like consistency would demand this thread attacking US Democrats be moved too.

Heheheh I am sorry, however, I am not trashing. I am creating jokes on them because they are giving us good comedy hehe. I also joke on Trump and I have also expressed skepticism on him. If you are a person who idolize these Democrats or Republicans because you trust and believe that they are good people, I reckon you should ignore these types of threads.

In any case, news update. According to one of Kamala's policy advisers, the vice president will help the growth of the cryptospace under her term if she wins on November. I am skeptical, however, I am waiting on what types of engagements she will do with the cryptospace community during her campaign. Will this be similar to Trump where he creates a show in a conference to make everyone cheer for him or will this be a more serious attitude where Kamala will have a meeting with the industry leaders of the cryptospace?



Vice President Kamala Harris will back measures to help grow digital assets, a policy adviser to her campaign said, highlighting efforts to court an emerging cryptocurrency industry expanding its political influence.

“She’s going to support policies that ensure that emerging technologies and that sort of industry can continue to grow,” Brian Nelson, senior campaign adviser for policy to the campaign, said when asked about the vice president’s efforts to engage the crypto community during a Bloomberg News roundtable at the Democratic National Convention on Wednesday.

Read in full https://www.bloomberg.com/news/articles/2024-08-21/harris-supports-policies-to-expand-crypto-industry-aide-says

[MarjorieZimmermanGinger]

My only wish is this speculation on more crackdowns under Kamala Harris' administration will not be true. However, is it certain that bitcoin and the other cryptocoins will not pump if Harris is victorious on November? Arthur Hayes certainly speculates that it will not matter if a Republican or Democrat will win. He predicts that bitcoin and the cryptospace will certainly pump under Trump or Harris hehehehe.

The storyline is different, however. The people in social media are beginning to call Harris a communist hehehe.

It's always a debate because it's related to power, so what about bitcoin when one of them wins the election contest. Interestingly Trump has a broader view of bitcoin compared to Kamala Harris but this is inseparable from the interests between the two when it comes to bitcoin. At a further level, the impact will only be temporarily influenced by whether Trump wins or not because bitcoin has its own path for the process.

When talking about politics, it will be far from expectations because they are actually talking about interests. But in the case of the contest that is happening in the US, I think this will show a new direction for bitcoin and who will win the election will show the potential for bitcoin to develop there.

[ChiBitCTy]

I mean Trump may claim to be pro-bitcoin but he couldn't explain it to save his life.   He only came out in support of it to pander for votes.  Communism and socialism aren't the same thing.  Socialism has some good aspects that are important to human well being, the same as being anti-big government does. 

But if you're going to say Kamala want's communism, than the same can be said about Trump wanting a dictatorship.  What these should lead people to understand is that both are horrible for this country, and the US political system is a JOKE. 

Regardless of who wins I don't see it making a huge change on the effect of bitcoin and it's value.  But, we shall see.

[kro55]

Regardless of who wins I don't see it making a huge change on the effect of bitcoin and it's value.  But, we shall see.

I don't think so. If Trump is elected and doesn't make a difference to the crypto industry, I don't think he will receive support from the community as well as large investors Winklevoss or Catherine Wood, or Elon.

If he is elected and has an open policy towards the cryptocurrency industry, that alone will be enough to make the market more positive. Meanwhile, if Kamala is elected and continues to have harsh policies on the industry, many investors will worry about the market and we will face more difficulties.

We often say that government decisions will not affect market development but that is not true. Harsh regulations will directly impact the market, such as making fund houses, organizations, and large investors hesitant to pour capital into the market, causing the industry to slow down. Similarly, why did traditional investors only invest in bitcoin when the ETF was approved and thanks to the ETFs, bitcoin demand increased sharply this year?

Bitcoin will still grow no matter who is elected president, but it will grow quickly or slowly depending on their policies.

[yhiaali3]

American media is also playing a key role in hyping economic activities in the US this is why adjustments in the fiscal or monetary policies in the US always affect the price of cryptocurrencies. The US elections will come and go but Bitcoin will continue to be a leading force in the global financial sector. However, I am afraid that with the level of institutional involvement of some major US companies through the ETF, the US will continue to influence the industry.       

There is no doubt that the United States is the biggest influencer not only on cryptocurrencies but on the global economy as a whole, whether because of the dominance of the dollar or because of the economic and political power of the United States, it will remain at the forefront.

Despite all this power and great influence of the United States, it has not been able to ban Bitcoin, on the contrary, we find that Bitcoin has become present on the ground and plays a role in the main elections, so we must be reassured about the strength of Bitcoin, and even if an anti-Bitcoin president comes, he will not be able to do more than what previous anti-Bitcoin presidents did.

[Iranus]

American media is also playing a key role in hyping economic activities in the US this is why adjustments in the fiscal or monetary policies in the US always affect the price of cryptocurrencies. The US elections will come and go but Bitcoin will continue to be a leading force in the global financial sector. However, I am afraid that with the level of institutional involvement of some major US companies through the ETF, the US will continue to influence the industry.       

There is no doubt that the United States is the biggest influencer not only on cryptocurrencies but on the global economy as a whole, whether because of the dominance of the dollar or because of the economic and political power of the United States, it will remain at the forefront.

I don't like the US but there's no denying that they still dominate the world and have influence over almost every industry, and crypto is no exception.
As far as I know, the total capitalization of the global financial market is over 109 trillion while the US financial market is over 42 trillion. So it is no surprise that they can always make a significant impact on the market with just news.

Despite all this power and great influence of the United States, it has not been able to ban Bitcoin, on the contrary, we find that Bitcoin has become present on the ground and plays a role in the main elections, so we must be reassured about the strength of Bitcoin, and even if an anti-Bitcoin president comes, he will not be able to do more than what previous anti-Bitcoin presidents did.

I think the reason they can't ban bitcoin is because they are a representative democracy and value human rights so banning something is not an easy thing to do.
Yes, banning or blocking bitcoin is an impossible task so far but if we have anti bitcoin politicians then this will more or less affect the growth of bitcoin. So we need to elect and vote for politicians who are not against and open to bitcoin so that it can reach its full potential.


https://www.visualcapitalist.com/the-109-trillion-global-stock-market-in-one-chart/