The 10 Trump Promises for the Cryptocurrency Industry

[Stompix]

So nothing about changing the two laws he signed himself in the previous mandate?
- the crypto tax on crypto earnings?
- the extra tax on mining gear?

Funny how he goes on about making the US the mining capital of the world but at the same time he plans on adding another 50% tax on ASICs with his war on China. I can't buy enough popcorn to watch how this will go after a year, lot of Pikachu faces by that time, I bet!

[philipma1957]

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.

I call bull S on this post I do not trust or like him. Joe Biden is the all time leader in Btc price.

Trump signed a terrible law into effect on Jan 1 2018 which greatly increase reporting and paperwork on usa tax returns.

and crypto crashed.

Top 100 prices of btc all biden

In fact top 200 prices of btc all biden

Trump has a long long long way to go to match joe bidens results for crypto.

and biden sucked as a president but not for crypto.

Biden’s fall was letting ing 11-20 million illegals.

But to trump.

he can pass a cap gain incentive if you are usa based and sell your crypto to the treasury.

say you sell at 101k and the basis was 1k.  that is 100k gain. no cap gain tax cause you sold it to us gov.

easy peasy move. And I bet he wont do this..

I bet bigly he will be a crypto screw ball instead.

[Asiska02]

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.

I am just seeing the comprehensive summary of all the promises he has made to the cryptocurrency community. It is a thing of a politician to make promise, it is then now an harder task for them to fulfill their promises to the people. Trump really knows why he made this promises and what he wanted had been achieved and this is something commendable as the crypto community tht voted for him for the course of the promises he made didn’t go in vain.

After been inaugurated, one of the promises he made to be fulfilled within 24hours of assuming office should be fulfilled immediately, that will bring more hope to the people that he’s going to fulfill in the rest promises he’d made to the crypto community. A political after been given their position just needs to be followed calmly, so I suggest we be calm and see how he decides to work on fulfilling all this promises as a big anticipation for all of them to be fulfilled is fast around the corner also.

[Stompix]

But to trump.

he can pass a cap gain incentive if you are usa based and sell your crypto to the treasury.
say you sell at 101k and the basis was 1k.  that is 100k gain. no cap gain tax cause you sold it to us gov.
easy peasy move. And I bet he wont do this..
I bet bigly he will be a crypto screw ball instead.

You know already that close to nobody actually living in the US believes his promises and they all look surprised to find out that Americans already got fleeced one time by this guy, but still, what you're saying might be done!

And not because it's easy or for the love of crypto, but because it would allow a lot of guys in charge to rake in a lot of millions avoiding taxes, and there are a lot of donors that look to re-coup the investments.

[philipma1957]

But to trump.

he can pass a cap gain incentive if you are usa based and sell your crypto to the treasury.
say you sell at 101k and the basis was 1k.  that is 100k gain. no cap gain tax cause you sold it to us gov.
easy peasy move. And I bet he wont do this..
I bet bigly he will be a crypto screw ball instead.

You know already that close to nobody actually living in the US believes his promises and they all look surprised to find out that Americans already got fleeced one time by this guy, but still, what you're saying might be done!

And not because it's easy or for the love of crypto, but because it would allow a lot of guys in charge to rake in a lot of millions avoiding taxes, and there are a lot of donors that look to re-coup the investments.

It is an easy tax break to give. It only affects say 500 billion in gains.

I have to figure there are people in usa sitting on 1000 a coin bitcoin they would love to dump half thief bags tax free.

[bitterguy28]

fire gary gensler sec chair can now be taken off the list as trump appoints paul atkins there are still many in the list we are really to see but at least trump is doing them one by one some may take longer than others but i am glad he is completing the most important ones like fixing sec he needs to keep replacing the people working with him if he wants the entire government to unite and be cohesive in decision makings

what could be his next step???

[Bobcrypto]

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.

Yeah, I don't like CBDC too, it doe not alliened with the cryptocurrency concept of decentralization which makes it unnecessary to run side by side with Cryptocurrency, being a Centralized government back currency.
There are countries campaigning for CBDC because they want to monitor their citizen's transactions at all cost. I think CBDC should not operate on the blockchain because it may increase regulatoins.

[Faisal2202]

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.

Sorry for replying late on this topic, but it came to my sight now but I already read about the promises he made from different sources, and this one is made very sophisticated (as the image alone is helpful), so if we see, the first promise on the image is done, the second is done, and now the hype and trend in the market is of the reserve, and if it also gets done, then the 3rd (reserve) and 4th (not selling BTC holdings) both will be fulfilled as well.

Because in his proposal about the BTC reserve, he said that the holdings of BTC won't be sold, so he will kill two birds with one arrow haha. This alone can skyrocket the price of BTC.

[Bobcrypto]

fire gary gensler sec chair can now be taken off the list as trump appoints paul atkins there are still many in the list we are really to see but at least trump is doing them one by one some may take longer than others but i am glad he is completing the most important ones like fixing sec he needs to keep replacing the people working with him if he wants the entire government to unite and be cohesive in decision makings

what could be his next step???

Yeah, Gary Gensler has been replaced with Paul Atkins, it is a work in progress, one of the promises settled and i think the next is the Bitcoin strategic reserve for the US. The Bitcoin reserve plans may draw up a long debate with FED, it may require some laws to be amended to add in Bitcoin on the US reserve which is required by law.
I am looking forward to see how this will pay out with the new regime, the possibility of making the Bitcoin reserve a reality because, in my opinion, this is the area other nations will be interested on, and a potential for a massive Bitcoin pumps in 2025.

[God Of Thunder]

I am too late in this thread. For now, I believe that numbers three and ten are the most important. As we know already, the US government already shared its plan for strategic Bitcoin reserve, and I am waiting for the number ten to happen. If Ross gets released, it will be an example for the crypto world. We want to see him free. The people who work for Privacy should not be hunted down by the government. If the government becomes crypto-friendly, we can expect something good from them. I hope Trump will keep his promises.

[trendcoin]

If he fires Gary Gensler, creates a Bitcoin reserve, and adds crypto assets to American retirement accounts, there could be tremendous developments for us. This is the sequence I expect: First, he fires Gary Gensler, creates a Bitcoin reserve, adds crypto assets to American retirement accounts, and then starts doing the rest.

Also, I don't expect him to fulfill all his promises. Politicians make many promises before they get elected, and then they fulfill some of them. I can't blame him if he doesn't fulfill them all. After all, a few years ago he was making negative comments about cryptocurrencies, but today he has come to a tremendous point...

[Bobcrypto]

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.

I think you are right, he is at the verge of making history as the most crypto friendly president in history in the US. Many of us in the crypto space are already making huge progress in the crypto economy through his support.
There are many new crypto projects developments that are making big wave that traders/investors has gained higher investments and trading confidence and there is hope rising that this trends will continue through his regime.

[Bobcrypto]

As for CBDC, i think it is Centralization, and has deviated from the original concept of crypto decentralization. Nobody will actually need CBDC, and i think it is not necessary.

Cbdc's is simply digital fiat, so we all know it is centralized, it has nothing to do with decentralization, also take note that not all cryptocurrencies are decentralized, there are a lot of centralized coins, and it is just BTC and a few others that are truly decentralized. I don't need cbdc, but i know the government will try to force it on people.

CBDC is completely a government vision of faits coins that I think is a deliberate deviation from the original Bitcoin concept of a decentralized digital economy. Government planned CBDC to monitor and Control theirs citizen's financial ownership and transactions with their powers.
I am sure many people will run from CBDC, because it is never created with good intentions, even some government does not support CBDC like the US under President Donald Trump.
It is clear that CBDC has some political tones, I think the US knows the purpose of creating CBDC, hence they are kicking against it. China has been vocal about CBDC because they are trying to make the yuan superior to the dollar. These are some of the political influences about the CBDC initiatives. However, just my opinion.

[God Of Thunder]

Number ten promise was to free Ross, and it happened. This is what I found on another forum today shared by a forum member.



It looks good so far because Trump is keeping his promises. If he continues like that and the US people support him for his work, probably this will be the golden time for cryptocurrency users in the world. Other countries will start to see Bitcoin positively and they will lift bans from Bitcoin.

[Azharul]

Number ten promise was to free Ross, and it happened. This is what I found on another forum today shared by a forum member.



It looks good so far because Trump is keeping his promises. If he continues like that and the US people support him for his work, probably this will be the golden time for cryptocurrency users in the world. Other countries will start to see Bitcoin positively and they will lift bans from Bitcoin.

Actually, I think that you could explain a best opinion in your comment. I am also agree with your prefer comment. Because we know that Donald trumps ten promise will be very helpful for all crypto users. We also believe that when ten promise will continue running in cryptocurrency world, then gradually almost every country will inspire in cryptocurrency world. So we can get many others traders and investors. Which will be very helpful for crypto users. So I believe that within a short time ten promise will stable in cryptocurrency world.