Its up to Trump and his policymakers on how they are going to create a friendly environment for the Crypto community in the US territory, He laid his promises to the crypto community on his campaign trail, so we are going to be on a wait and see on what reforms or new laws or policies where he can implement what he promises to the Cryptocommunity, He knows that part of him being relevant is his adoption of Cryptocurrency.he’s appointed many crypto lovers politicians in his entourage mainly elon musk i know it’s all still in the unknown right now but trump doesn’t seem to be giving any indication that he’s forgotten about what he has promised the world and what his visions were for crypto and the us country as a whole
he’s appointed many crypto lovers politicians in his entourage mainly elon musk i know it’s all still in the unknown right now but trump doesn’t seem to be giving any indication that he’s forgotten about what he has promised the world and what his visions were for crypto and the us country as a wholeYeah, those are the first actions Trump took before his inauguration on January 20. Things will probably move faster next year, like accepting BTC as a federal reserve asset, issuing a legal framework for crypto, and exploring blockchain/crypto adoption in the economy.
Its up to Trump and his policymakers on how they are going to create a friendly environment for the Crypto community in the US territory, He laid his promises to the crypto community on his campaign trail, so we are going to be on a wait and see on what reforms or new laws or policies where he can implement what he promises to the Cryptocommunity, He knows that part of him being relevant is his adoption of Cryptocurrency.
While i'm excited Bitcoin price almost reached $100K, i also think Coin Center concern is valid. After all, Trump and other politician rarely talks about those concerns. And for those who don't want to read whole news and blog post, Coin Center also provide image which shows past and potential future policy.This is why I believe it won’t be easy for Trump to fully deliver on his campaign promises, even with crypto enthusiasts around him. There are already many policies in place that he would need to modify to align with his plans. This process won’t happen overnight, and there may need to be compromises along the way. We shouldn’t expect immediate changes, but the good news is that Trump supports crypto, so it’s unlikely he would work against us.
While i'm excited Bitcoin price almost reached $100K, i also think Coin Center concern is valid. After all, Trump and other politician rarely talks about those concerns. And for those who don't want to read whole news and blog post, Coin Center also provide image which shows past and potential future policy.This is why I believe it won’t be easy for Trump to fully deliver on his campaign promises, even with crypto enthusiasts around him. There are already many policies in place that he would need to modify to align with his plans. This process won’t happen overnight, and there may need to be compromises along the way. We shouldn’t expect immediate changes, but the good news is that Trump supports crypto, so it’s unlikely he would work against us.
Let’s remain optimistic. Trump is a strong leader, and with the capable team he will surround himself with, he is likely to give his best effort. January is just around the corner, and we’ll soon see how things unfold. I wish him all the bestWhile i'm excited Bitcoin price almost reached $100K, i also think Coin Center concern is valid. After all, Trump and other politician rarely talks about those concerns. And for those who don't want to read whole news and blog post, Coin Center also provide image which shows past and potential future policy.This is why I believe it won’t be easy for Trump to fully deliver on his campaign promises, even with crypto enthusiasts around him. There are already many policies in place that he would need to modify to align with his plans. This process won’t happen overnight, and there may need to be compromises along the way. We shouldn’t expect immediate changes, but the good news is that Trump supports crypto, so it’s unlikely he would work against us.
I understand your points, but remember that Nothing good comes easily, Donald Trump is given this mandate to resolve any lingering issues bothering on policies on the US economy.
I am sure he has good economic team that can handle the US economic policies, obviously, Trump administration will fix many of them, though it may difficult but every problem or challenges will always have solutions.
After the Trump inauguration in January, all these crypto laws that Coin Center thought could scare crypto investors will be addressed one after the other. By the way, these laws are set by the previous administration, not by the Trump administration because he just assumed office recently. I don't expect the laws to keep being the same without Trump looking into it, to give his verdict on them, to either continue with it or to readjust it. Coin Center can't say what Trump's decision would be on that.
While i'm excited Bitcoin price almost reached $100K, i also think Coin Center concern is valid. After all, Trump and other politician rarely talks about those concerns. And for those who don't want to read whole news and blog post, Coin Center also provide image which shows past and potential future policy.Dont' get what's the big issue here, The three threats he talked about are only to US citizens, not to the whole crypto community, and these threats are treatable too, and speaking of surveillance and that everyone can get away from US just due to the level of surveillance they are asking, I think is not a valid reason.
Your opinion is greatly appreciated.
While i'm excited Bitcoin price almost reached $100K, i also think Coin Center concern is valid. After all, Trump and other politician rarely talks about those concerns. And for those who don't want to read whole news and blog post, Coin Center also provide image which shows past and potential future policy.Dont' get what's the big issue here, The three threats he talked about are only to US citizens, not to the whole crypto community, and these threats are treatable too,
Your opinion is greatly appreciated.
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After the Trump inauguration in January, all these crypto laws that Coin Center thought could scare crypto investors will be addressed one after the other. By the way, these laws are set by the previous administration, not by the Trump administration because he just assumed office recently. I don't expect the laws to keep being the same without Trump looking into it, to give his verdict on them, to either continue with it or to readjust it. Coin Center can't say what Trump's decision would be on that.
FWIW, not all of those set by previous/Biden administration. And let's not forget during first Trump administration, there were some crackdown and unfavorable law towards cryptocurrency. Harvard write lengthy article about it on A Roadmap for President Trump’s Crypto-Crackdown (https://corpgov.law.harvard.edu/2019/08/06/a-roadmap-for-president-trumps-crypto-crackdown/).
The damage of the many bad policies promoted and implemented by the Biden/Harris administration will still be pulling the crypto industry but with the new Trump people coming in next year we can be sure that concerns of the industry will be heard and many can be worked on either to improve them or be eliminated altogether. Although we should not also expect some magical hands in here as things can take some time to come into fruition. The most important thing is that this new administration is going to be friendly to the industry and not an enemy within just like what we have now as personified by SEC's Gary Gensler.
It is not a hidden facts that new regime execute their plans without any knowledge of the US policies effects on any investments opportunity, and i doubt if Us policies will hinder Donald Trump crypto plans. I think some of this informations looks like a probability, not certain that the US policies will scare away investors.I agree with you, a new government can bring a new policy towards any sector of the government economy that will bring a positive effect and potential growth of the nation.
However, if the US policies will scare investors during the Donald Trump regime, I think it will be handled professionally in my opinion.
I agree those policies are treatable, although it requires action from Trump and other politicians. But there's possibility it affect wider (not whole) cryptocurrency community, since some government would use US policies or law as reference.The first threat of reporting to IRS about holdings of crypto is not a bad thing I mean Trump has made sure crypto will be friendly for US citizens and only them have to pay the tax to IRS but yeah other countries following USA policies will have to impose tax too like especially those who have taken loan from IMF BTW I think it's also good for the countries where crypto is still banned and IMF in my country has also asked the government to impose tax on crypto and for tha they have to lift ban first good for us hehe.
No one can create a perfect crypto-friendly community overnight, there will certainly be a lot of problems and challenges along the way but everything can eventually be solved and all concerns can be eliminated with time.trump can create a crypto friendly or atmosphere in the white house but it will take a long time for the entire country to get on board some would argue that almost every us citizen is already aware and is in support of crypto or bitcoin but the truth is many are still skeptical and do not understand how all this works
The good things that Trump promised such as accepting Bitcoin as a federal reserve asset, issuing an open legal framework for cryptocurrencies, isolating crypto-anti-opponents and appointing friendly officials in their place are all good things but they may not be enough, problems will certainly arise but solutions will also arise and all this takes time so there is no need to rush, we are still at the beginning of the road.there are still skeptics in the government many may not understand the path that trump is heading towards to but in due time i believe that they will understand and change their minds and help trump achieve what he envisions for crypto in the country and for the global market