The 10 Trump Promises for the Cryptocurrency Industry

[TomPluz]

As the election season has started to settled in and after the smiles of the winners and that of their supporters as well as the tears and glooms of those in the other side of the fence, it is time that we go into the things that politicians promised most especially for the cryptocurrency industry...and we can start with President Trump, of course.

Right from the very start of his campaign, Trump's team recognized the power and the influence of this industry and they know that votes from the crypto people can help him clinch the presidency, very much adding to the "too big to rig" strategy.

Now that Trump will surely be inaugurated in January 20, 2025, let's all make some reviews of the promises he made and let's all as an industry make sure that we are following up on all of these promises that can really help on the growth and sustainability of the industry.

Below are the promises Trump made...courtesy of AZ News.

[Jating]

We will see how he will fulfill his promises with regards to crypto and Bitcoin in general. And we have seen that all Bitcoiners are happy to see him in office because of his pledge with Bitcoin and we have seen the price going on a parabolic rise and hitting new all time high.

So it's good that we can have this thread and see how he will do when he officially in the White House next year. It's obvious that his next target is to replace Gary Gensler with his nominee, and it should be a pro-crypto SEC Chairman.

[NotATether]

Reducing Ross' sentence is not good enough. He needs to be freed.

Although I suspect that half of these promises are only fulfilled because Elon and the D.O.G.E fires everyone who is responsible for said crypto obstruction.

I'm not going to lie, I don't like these what I see as "cartoon villains". But if they actually manage to shake off all the special restrictions against USA by many crypto providers (especially eliminating the New York BitLicense), then that would be really cool.

[Publictalk792]

Yes 2024 US presidential election is expected to significantly impact cryptocurrency industry. Donald Trump once critical of cryptocurrency has repositioned himself as a pro crypto candidate aiming to make US "crypto capital of the planet". His economic policies characterized by deregulation and tax reductions may stimulate institutional investment and elevate Bitcoin market value.  Despite uncertainty one trend seems inevitable interest rates are likely to decrease, flooding markets with liquidity and potentially fueling Bitcoin rise. Historically Bitcoin has tended to increase after US elections regardless of the winning party. As crypto narrative continues to intertwine with US election cycle the choices made in voting booth could determine trajectory of this transformative technology.

[ABCbits]

Reducing Ross' sentence is not good enough. He needs to be freed.

Actually Trump made promise to free Ross[1], so i don't understand why AZ News says sentence reduction instead.

[1] https://www.coindesk.com/policy/2024/05/26/trump-pledges-to-free-silk-road-creator-ross-ulbricht-if-re-elected/

[Baofeng]

Reducing Ross' sentence is not good enough. He needs to be freed.

Actually Trump made promise to free Ross[1], so i don't understand why AZ News says sentence reduction instead.

[1] https://www.coindesk.com/policy/2024/05/26/trump-pledges-to-free-silk-road-creator-ross-ulbricht-if-re-elected/

Yeah, I vividly remember those interview by Trump saying that he will free Ross.

As for making Bitcoin great in the US, for us, this could be the biggest promises so far. And in just short amount of time, or at least when he is the sitting President, not sure how he will do it as most likely in 2026 we might be in for a  bear market until his Presidency ends.

[_act_]

What I am really waiting for is when bitcoin will be a strategic reserve in United States. I think other countries can follow and make bitcoin to be part of their reserves. Bitcoin will get more recognized in the world. The price will get to over $1 million one day.

[NotATether]

Reducing Ross' sentence is not good enough. He needs to be freed.

Actually Trump made promise to free Ross[1], so i don't understand why AZ News says sentence reduction instead.

[1] https://www.coindesk.com/policy/2024/05/26/trump-pledges-to-free-silk-road-creator-ross-ulbricht-if-re-elected/

Another promise that he's not going to keep.

It's not like we haven't been through this before.

Yeah, I vividly remember those interview by Trump saying that he will free Ross.

As for making Bitcoin great in the US, for us, this could be the biggest promises so far. And in just short amount of time, or at least when he is the sitting President, not sure how he will do it as most likely in 2026 we might be in for a  bear market until his Presidency ends.

Are we just looking at making the number go up, or do we actually mean Bitcoin adoption here? Because price increases are not good enough. They are nice, and I like becoming richer, but if more people are not using Bitcoin by the end of his term then it is a useless effort for him to commit to.

[robelneo]

Its a stroke of luck that Trump's advisers think of Cryptocurrency as one of the agenda in his campaign, it may not be considered a main factor but its still a factor that contribute to his winning the election.
Trump set a lot of history in winning the election but his policy in Cryptocurrency will make him a historical figure in the Cryptocurrency industry, Cryptocurrency and blockchain will continue to exist even before Trump's lifetime but if he fulfill his promise, he will be a prominent figure in Bitcoin's history.

[UNIVERSE]

What I am really waiting for is when bitcoin will be a strategic reserve in United States. I think other countries can follow and make bitcoin to be part of their reserves. Bitcoin will get more recognized in the world. The price will get to over $1 million one day.

Of course, there will be many countries to follow it if it really happens. It is not impossible if Bitcoin becomes a legal tender in US, too. Not sure how big the price of Bitcoin if Trump keeps the promise, but I'm also very sure it will be possible to be $1 million. However, before this happens, I am really waiting Trump fires Gary Gensler. He said he will fire Gary Gensler immediately when he officially becomes the next US president. We know everyone hates Gary Gensler, he always becomes the obstacle of crypto industry. When he is fired, crypto market should give positive response. I expect it will trigger Bitcoin to hit a new ATH again.

[Gurujebs]

Now that Trump will surely be inaugurated in January 20, 2025, let's all make some reviews of the promises he made and let's all as an industry make sure that we are following up on all of these promises that can really help on the growth and sustainability of the industry.

Below are the promises Trump made...courtesy of AZ News.

The US sold their Bitcoin and not much again, I don't know where they are going to have some to hold unless they are going to do another silk operation to seize new Bitcoin from people that are using it to do fraud or buy from the market and if the market knows they are going to buy, then crypto market is going to explode with profits, people will be bullish.

I'm going to be happy to see Gery Gensler sacked, what he has done to coinbase and Ripple is a freedom of abuse on investments and using his power to frustrate crypto industry, I want to see him get sack and investigated, there could be some things he would have done that is illegal but probably hidden it.

[Gposas]

As the election season has started to settled in and after the smiles of the winners and that of their supporters as well as the tears and glooms of those in the other side of the fence, it is time that we go into the things that politicians promised most especially for the cryptocurrency industry...and we can start with President Trump, of course.

Right from the very start of his campaign, Trump's team recognized the power and the influence of this industry and they know that votes from the crypto people can help him clinch the presidency, very much adding to the "too big to rig" strategy.

Now that Trump will surely be inaugurated in January 20, 2025, let's all make some reviews of the promises he made and let's all as an industry make sure that we are following up on all of these promises that can really help on the growth and sustainability of the industry.

Below are the promises Trump made...courtesy of AZ News.

Though promises is part of the strategy used in election process to win vote counts of most citizens, it is clear that he may likely not fulfil all promises made but the possibility of him accomplishing at least 80% of his promises is certain seeing he is now a big time supporter.
However, it is clear that if these promises are fulfilled during his administration, there will be a significant development in the Crypto world.

On the other hand, there are other sectors in the US economy that still needs attention, even up to the world's concern both in war and other related crisis. He has just 4years, it wouldn't be something surprising if he couldn't meet up with all his promises on Crypto but I urge he will fulfill at least 80% of them.

And lastly, it seems you didn't add the promise made on fostering BTC mining in the US.

[yhiaali3]

In fact, all of these are very strong promises that the crypto community is drooling over and they hope that Trump will fulfill all of these promises because this will change the course of the entire industry.

Among the best of these promises are the dismissal of Gary Gensler, as well as the creation of a strategic reserve fund for Bitcoin, preserving current Bitcoin holdings in the United States, and also proposing cryptocurrencies as a solution to the national debt, but I do not know if Trump as president is capable of doing these things without the approval of Congress?

[target]

Promises are just proposing and recommending seem a typical politician but we'll see. People prefer to have someone else other than Biden but Trump is popular and already have the experience since the last makes him very qualified. We'll just have to find out whether they are just proposals and recommendations.

Halting the CBDC development looks good. I think majority are opposing CBDC.

[bitterguy28]

So it's good that we can have this thread and see how he will do when he officially in the White House next year.

yes we can use this thread to check off from the list and monitor his progress and his battle against anti cryptocurrency and we’ll see if he’s actually doing a good job or anything he has said was nothing but a hoax

It's obvious that his next target is to replace Gary Gensler with his nominee, and it should be a pro-crypto SEC Chairman.

i do think it will be the first thing he will do i mean isn’t the first thing most presidents do is organize the people working for them? they are going to want people on their side before they officially start working so they already have the support they need.