Coin Center warns US policies could scare away crypto investor despite Trump win

[ABCbits]

Coin Center warns US policies could scare away crypto investors despite Trump win

Non-profit crypto advocacy group Coin Center has warned that even though a Trump win is a net positive for the crypto industry, entrenched policies could still scare crypto innovators away from the United States.

In a Nov. 21 blog post analyzing the landscape of US crypto policy following the 2024 election,  Coin Center’s research director Van Valkenburgh shared three “grave threats” to the crypto users and developers in the US heading into 2025... Read more here.


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.

Your opinion is greatly appreciated.

[robelneo]

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.

[bitterguy28]

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

[MrSpasybo]

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

Yeah, 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.

Things are going pretty well so there is no reason to worry about Trump changing his stance on crypto. I believe Trump is not the 2nd Gensler ^^

[Stompix]

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.

Yeah, just like he promised last time to build the wall and make Mexico pay for it, remember?
What else was there for which he was voted, oh create better healthcare, and lower taxes for everybody, oh wait, he also promised to eliminate the federal deficit, how did that work out?

And at least the first time he had an incentive because he could run again, now he can't run for president anymore so he doesn't give a rat's ass about votes anymore, as long as he is not sniffing a way to make money for himself out of this he will forget it just like the others.

[Bobcrypto]

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.
However, if the US policies will scare investors during the Donald Trump regime, I think it will be handled professionally in my opinion.

[TomPluz]

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.

[KingsDen]

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.

[Bobcrypto]

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.

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.

[JoyMarsha]

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.

[KingsDen]

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.

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.

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 best

[ABCbits]

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.

Anyway, we only can wait and see how Trump plan to undo damage done by Biden and his first administration.

[Faisal2202]

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.

Your opinion is greatly appreciated.

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.

Because those who thought they would not be surveillanced by the agencies in USA and they can do whatever they want then they must be very big idiots, they should have known that USA is also famous for their surveillance and especially in Trump's administration that will be on top but these years can be easy for the mixers and other anonymity tools but I hope none of them will be mis-used by the bad actors.

[ABCbits]

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.

Your opinion is greatly appreciated.

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,
--snip--

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.

[Stompix]

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.

And the funny part is that he has no plan on going back against the law he put himself in place, all he talks about is what he is going to do from now on but is dead silent on his previous mistakes if we can call them so, and if you're a miner for example in the US you're kind of f-word as he will add another 25% at least on asics import, on top of his own extra trump tax, so there will be a lot of long faces in January!