The powerhouses are working on laws to further crypto adoption.

[BIT-BENDER]

https://x.com/i/status/2050873499137503685

The Russian crypto bill has passed first hearing, and it seems like Donald Trump will sign the Clarity Act. Are these bullish signs, yes they are bullish signs and a very strong building blocks for massive adoption.

Around November 2024 Russia agreed to view Crypto-currency as a property after the law was signed by Vladimir Putin, the steps to adopt has been more rapid since 2020 with world powers spare heading a large part of the movement.
There is a believe that the Clarity Act when signed could make US the Crypto-currency capital is this another tug of war between powerful country on who leads a sector, even if it is this will rapidly propel Crypto-currency adoption.

[_act_]

Yes, the clarity act will let regulators like SEC and CFTC be able to know, differentiate and regulate coins and tokens that are securities and commodities, and also be able to regulate stable coins together while the SEC will regulate securities and CFCT will regulate commodities.  It will bring more adoption and more likely let other countries plan faster in making cryptocurrencies more relevant.

It means more adoption, but what I want now is the banks to make bitcoin a reserve currency, not only from consficated coins but they should start buying it like they are buying gold. Bitcoin has a lot to offer because if bitcoin can go up to $30 trillion market, that is more than 15 times increase in its price.

[sergiorus]

https://x.com/i/status/2050873499137503685

The Russian crypto bill has passed first hearing, and it seems like Donald Trump will sign the Clarity Act. Are these bullish signs, yes they are bullish signs and a very strong building blocks for massive adoption.

Around November 2024 Russia agreed to view Crypto-currency as a property after the law was signed by Vladimir Putin, the steps to adopt has been more rapid since 2020 with world powers spare heading a large part of the movement.
There is a believe that the Clarity Act when signed could make US the Crypto-currency capital is this another tug of war between powerful country on who leads a sector, even if it is this will rapidly propel Crypto-currency adoption.

The Russian crypto bill is irrelevant. Crypto has been very widely adopted here for years and in fact its freedom of operations will only reduce after the bill is passed. It will positively impact the GDP growth as some part of the "shadow" economy is forced to get bright, but it won't positively impact crypto adoption in the country (given that the bar is already high enough).

The American Clarity bill has a potential to be incredibly bullish though but it's still somewhat nuanced.

[snowpega]

https://x.com/i/status/2050873499137503685

The Russian crypto bill has passed first hearing, and it seems like Donald Trump will sign the Clarity Act. Are these bullish signs, yes they are bullish signs and a very strong building blocks for massive adoption.

Around November 2024 Russia agreed to view Crypto-currency as a property after the law was signed by Vladimir Putin, the steps to adopt has been more rapid since 2020 with world powers spare heading a large part of the movement.
There is a believe that the Clarity Act when signed could make US the Crypto-currency capital is this another tug of war between powerful country on who leads a sector, even if it is this will rapidly propel Crypto-currency adoption.

These are the bullish signs in my point of view that will lead the adoption of the cryptocurrency space to the moon. This is what the future demands because, after many OG members, the young generation has now started to understand the fundamentals of the cryptocurrency space. And saying this will not be incorrect, that this space is diverging from older people to the young generation in the form of inheritance. Many investors' eyes are on the clarity bill to be passed as soon as possible, and the chances are higher that this bill will be passed by the US court, maybe in the quarter.

What do you think about this? There is no doubt that the number of cryptocurrency users has increased at a good level in the cycle, and for this, there are many reasons, like the US adopting bitcoin and some altcoins for its national strategic reserve, which gives a boost to its popularity, and seeing this, many other countries are considering adding it to their national strategic reserve.

[BIT-BENDER]

It means more adoption, but what I want now is the banks to make bitcoin a reserve currency, not only from consficated coins but they should start buying it like they are buying gold. Bitcoin has a lot to offer because if bitcoin can go up to $30 trillion market, that is more than 15 times increase in its price.

You mean that banks should start investing in Bitcoin more, my thoughts about this is that banks are already investing in Bitcoin secretly, bank owners and board members could own Bitcoin already.
But if banks openly start to invest in Bitcoin will this not in future generate more restrictions and regulations, since basically most banks of the world are connected to a central bank or a central entity.

[Mhizlove]

Anytime big countries begins to add clarity law on crypto, it eliminate the little fear people has before and any where rules are not clear companies and investors don't like. But let not forget that law can still favour government control than that of users freedom, so while it looks bullish for adoption we still need to be vigilant on how the rules wii affect our privacy, how people will use their coin freely and this adoption isn't all about government approval but about the system if it's still useful for the common people.

[Lembo69]

The increasing acceptance of cryptocurrency and its being considered legal is a good thing. As a result, people can now invest in it without any hesitation. However, if the government enacts any law like tax, it can have a negative impact on investors. I am saying this because in many cases the government prioritizes its own interests.
Of course, legality is a relief for investors, because now they no longer have to worry that they are investing in something illegal. Still, it would be wise to maintain some privacy as before. Because in the future the government may decide to impose taxes on investors, and that may come into effect very soon.

[Fortify]

The Russian crypto bill has passed first hearing, and it seems like Donald Trump will sign the Clarity Act. Are these bullish signs, yes they are bullish signs and a very strong building blocks for massive adoption.

Around November 2024 Russia agreed to view Crypto-currency as a property after the law was signed by Vladimir Putin, the steps to adopt has been more rapid since 2020 with world powers spare heading a large part of the movement.
There is a believe that the Clarity Act when signed could make US the Crypto-currency capital is this another tug of war between powerful country on who leads a sector, even if it is this will rapidly propel Crypto-currency adoption.

Power house? Russia has one of the most feeble economies of the world if you consider that it is the biggest country by land size. It is heavily reliant on raw goods like oil and has found itself very isolated from trading with the richest countries in the world since it's poor idea of invading a neighbor. The only reason Russia is considering crypto is with the aim to get around sanctions, which could actually backfire on the community in the long run because the more it gets associated with these dictator like regimes, the more likely it is to get banned in places like Europe and North America, which would wipe out most of the value in these cryptocoins overnight. I wouldn't trust Russia not to change the laws back on a whim anyway, especially if Putin felt threatened or that officials were using it to escape any government pressures.

[Bluedrem]

Even the government that opposed Bitcoin is now slowly accepting that it is a valuable asset. Yes, it is worth accepting because in the current and past context, there was no asset like Bitcoin that maintained its value and provided so much profit on the asset. When the government is unable to stop the people from holding Bitcoin, the government also wants to establish a strong economy by taking Bitcoin from the people.

[Smartprofit]

New Russian bills provide for prison terms of up to seven years for illegal cryptocurrency exchange... Meanwhile, the head of the Russian Central Bank, for example, believes it is necessary to ban the use of non-custodial cryptocurrency wallets... 🙋 Is this positive for the development of the crypto industry? I'm not so sure.

Yes, the authorities want to legalize cryptocurrency circulation in Russia, but, as one member of the crypto community put it, "It's like being heterosexual and walking into a gay club (with the electricity out) with your pants down." In my opinion, attempting to legally regulate cryptocurrencies in Russia will lead to a decline in their use compared to today. Owning cryptocurrencies will be associated with enormous risks (even if people try to strictly comply with the new laws). But this is just my opinion. I could be wrong. Moreover, these laws have not yet been finalized and have not yet entered into force.

[Davidvictorson]

In my estimation, these types of news are good but it doesn’t automatically translate to bitcoin becoming bullish. Remember El- Salvador? Yes that’s a case study. I feel like on the end of these regulations are centralizations. Because one cannot have all of these without some powerful corporations trying to benefit off of it. In as much as they want to adopt it doesn’t mean they will let it maintain what is was mean to do as written in the white paper.

[DiMarxist]

Everyone is looking the way of crypto because crypto, is the future of global payments that the world is likely to have, so countries are only aligning themselves with what is likely to come. I am not surprised that the big heavy weight countries are preparing themselves by passing laws that will make them to adopt crypto currency as a payment methods.This is call for countries who are yet to make up their mind to do so because the future belongs to crypto.

[batang_bitcoin]

I haven't read all what's in clarity act and the Russian crypto bill. But with all of these publications and laws being made that's attached specifically for crypto adoption, they're good reasons for the people who are not yet depth with crypto. That gives them the guarantee that the government has looked upon it and with their laws and support, this gives a pass to a normie to invest in the crypto market. Because what settles these noncoiners is their doubt to invest with it when the government doesn't say that much to it. So, this is just a start for them when they have already seen a pass to go through.

[Dave1]

https://x.com/i/status/2050873499137503685

The Russian crypto bill has passed first hearing, and it seems like Donald Trump will sign the Clarity Act. Are these bullish signs, yes they are bullish signs and a very strong building blocks for massive adoption.

Around November 2024 Russia agreed to view Crypto-currency as a property after the law was signed by Vladimir Putin, the steps to adopt has been more rapid since 2020 with world powers spare heading a large part of the movement.
There is a believe that the Clarity Act when signed could make US the Crypto-currency capital is this another tug of war between powerful country on who leads a sector, even if it is this will rapidly propel Crypto-currency adoption.

It's no longer a secret, this countries are already in the race couple of years ago or at least when Trump became the US President. He will always boldly tells the public that he wants US to be a Bitcoin or crypto friendly country.

And so with that the race started, UK, China and others join too. We have El Salvador and Bhutan and other nations that are secretly buying. There are also some countries like Bulgaria and Germany that might have sold their stash years ago but that is going to be costly for them.

So let's see, in the next bull run this is going to be huge for us.

[YellowSwap]

Here goes your freedom of operation, everyone is happy that this is about to happen but past approvals haven't thought them any lessons, all I am seeing in more controls from them governments.

Donald Trump is doing all this for himself and his country alone, why should I be happy about this? I mean I can't even spend crypto through cross border anymore, it's like he is making the whole thing his own.

Even Google accepts the fact that cross border payment using crypto is getting restricted due to concerns about money laundering and terrorism financing, Brazil already implemented these measures, I think USA already did too.

[BIT-BENDER]

Here goes your freedom of operation, everyone is happy that this is about to happen but past approvals haven't thought them any lessons, all I am seeing in more controls from them governments.

Donald Trump is doing all this for himself and his country alone, why should I be happy about this? I mean I can't even spend crypto through cross border anymore, it's like he is making the whole thing his own.

Even Google accepts the fact that cross border payment using crypto is getting restricted due to concerns about money laundering and terrorism financing, Brazil already implemented these measures, I think USA already did too.

I don't think it is Donald Trump's fault that you can't spend Crypto-currency through cross board, I actually don't know how you think is his fault or if he can give any solution to that problem.
Yes I agree Many government are fighting for control and even if you aren't happy or you are happy you can't stop them from being interested in Bitcoin or Crypto-currency and yes as leaders they will be involved for their countries, your country and others can get involved in Bitcoin.
What I think is affecting cross board payment is that they want less anonymity, they want your privacy to be unhidden that's why Crypto-currency is like a threat to them.

[Ishicryptic]

These recent developments about powerful nations like America, and Russia, at different stages of enacting laws to further crypto adoption in their countries shouldn't come as a surprise to anybody because cryptocurrency is rapidly showing it's worth. Before now there have been news everywhere about Bitcoin strategic reserves and I know that with time more countries will key into holding Bitcoin and become crypto friendly to drive adoption in countries.

If there will be a healthy rivalry between these powerful countries about who will be top in the crypto space that will be a big boost for adoption and if an unfriendly crypto country like China were to join in the chalange in the future I believe that adoption will reach the far corners of the earth. Other countries normally follow the leads of these powerful countries.

[lionheart78]

Everyone is looking the way of crypto because crypto, is the future of global payments that the world is likely to have, so countries are only aligning themselves with what is likely to come.

Crypto as the future of global payment?  Maybe, but for now, I believe digital payment, not exclusively crypto, will be the future of global payment.  Governments are aligning themselves because they can see a massive profit from it.

I am not surprised that the big heavy weight countries are preparing themselves by passing laws that will make them to adopt crypto currency as a payment methods.This is call for countries who are yet to make up their mind to do so because the future belongs to crypto.

Yeah, they see cryptocurrency industry as on big fat paycheck, reason why they are accurately identifying cryptocurrency classification so that they can fully utilize their taxation and profit.

[Ndabagi01]

You mean that banks should start investing in Bitcoin more, my thoughts about this is that banks are already investing in Bitcoin secretly, bank owners and board members could own Bitcoin already.
But if banks openly start to invest in Bitcoin will this not in future generate more restrictions and regulations, since basically most banks of the world are connected to a central bank or a central entity.

This is not something to deny even if I hear a rumor about it. Who today would deny that bitcoin isn’t a worthy investment that one could put their money into and make ends meet. It is just the government that is after regulation of the crypto market more, even private entities like banks don’t like it and would prefer to go private than the government knowing every bit of their moves.

Yes, bitcoin has given everyone the freedom to invest secretly, so there is no doubt that even government and its officials are secretly investing in them but publicly disapproving it. When you’re the government in power, you’ll want total control but once you’re no more in power, you’ll prefer privacy over everything. This is just the reality of the government fighting bitcoin publicly and they might also be investing in them privately.

[SquallLeonhart]

Here goes your freedom of operation, everyone is happy that this is about to happen but past approvals haven't thought them any lessons, all I am seeing in more controls from them governments.

Donald Trump is doing all this for himself and his country alone, why should I be happy about this? I mean I can't even spend crypto through cross border anymore, it's like he is making the whole thing his own.

Even Google accepts the fact that cross border payment using crypto is getting restricted due to concerns about money laundering and terrorism financing, Brazil already implemented these measures, I think USA already did too.

The government that likes to bomb other nations just for fun time to time, is telling that we should stop using crypto cross borders because of terrorism fear. Well, if we should not pay terrorists, then maybe American's should consider not paying taxes to US government?

Because as far as I am aware, terrorism comes from the word terror, and terrorism means "the one who spreads terror in ordinary people", and USA is literally a terrorist nation who spreads fear around the world by bombing innocent, so if anything, it's US government that should be not getting paid.