What’s at Stake for US Crypto Regulation?

[Z-tight]

The best scenario we could have is the president that will make bitcoin friendly laws and the worse scenario will be having a president that will bring anti bitcoin laws.

The current administration is already kind of against BTC and crypto, the U.S sec has constantly attacked crypto and crypto firms and i don't even think it can get any worse.

The feds will surely not allow the U.S to store too many bitcoins, so all these statements from presidential candidates that they would store a lot of BTC in their reserves, is nothing but campaigning. Soon the U.S will have a new president, Biden already stepped down, so even if the democrats win, it will be new personnel, so we would see what happens in no distant time.

[Wiwo]

If Trump enter, I believe bitcoin may increase in price for a short time but also increase in value. Although in the past, bitcoin did increased in price during election time in the last two halvings that I knew when I joined Bitcointalk.

Yes, but on the other hand, if Trump loses, speculation will begin that the price will drop, and then it will be an ideal FUD for whales. Also, the support of a candidate or party for Bitcoin may lead to the other candidate opposing Bitcoin to obtain the votes of banks and central authorities.

The fact is that, we should be prepared for whatever becomes the outcome of the November US elections because alot is at stake and just like hugeblack mentioned the his earlier comment, bitcoin is still very young for us to try to entergle it in the crisis wave of politics, and bitcoin being a volitile asset that it prices can react to news and other political interference, but just as we know, no matter the interference it will be based on short term base.

Let act independently because that is what bitcoin is all about, there have been alot of hypes around Trump, US election and bitcoin regulation lately and the discussion is beginning to be tiring for me.

[KingsDen]

The best scenario we could have is the president that will make bitcoin friendly laws and the worse scenario will be having a president that will bring anti bitcoin laws.

The current administration is already kind of against BTC and crypto, the U.S sec has constantly attacked crypto and crypto firms and i don't even think it can get any worse.

The feds will surely not allow the U.S to store too many bitcoins, so all these statements from presidential candidates that they would store a lot of BTC in their reserves, is nothing but campaigning. Soon the U.S will have a new president, Biden already stepped down, so even if the democrats win, it will be new personnel, so we would see what happens in no distant time.

That's true mate! All these speeches are politically motivated. I don't trust them. Besides I don't see it as an advantage to the bitcoiners if US and other countries hold large some of BTC as reserves. It might in turn be a big threat to the cryptocurrency industry in the future. What I mean is that much of a decentralized coin being in the hand of highly centralized government.

[MUGNIA]

Do you think that this stance will encourage more favorable regulations, or could it come to a new challenges?

I think it will give a new challenge to Trump himself as well as crypto. In reality, no government has called for support for crypto, but at a time of campaigning like this, there are many who speak in favor of crypto. Will it continue or is it just a tool for gathering votes?