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

[philipma1957]

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.

first off trump signed off on the hardest law for crypto in the usa.

so I call bull s  on your post.

and the issue is simple  until trump repeals a few laws he did he is garbage. 🗑️

I get so fucking annoyed when I read anti biden harris post about crypto.

the top 100 daily prices all under biden not trump.

so I call bull on your post.


Now that I have insulted you. Trump is in a unique spot. He can pass a lot of laws from Feb 1 to say Nov 1 2025.

Maybe just maybe he will do something pro crypto.

He could unlock a lot of old us held coins by offering zero cap gains if you sell your btc to the treasury.

To me if he does this I will come back and tell you I am sorry that I called bull s on your post.

[Gposas]

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.

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.
If Donald Trump has a target of developing the Crypto world in the US, that simply means he has a big reason best known to him and his group of advisers.

On my opinion I feel laws or governmental standards can be changed by a new governmental principle... So if there are some groups out there to bring a way of disrupting the plans of the President-elect that simply means he (Donald Trump) will have a way to tackle the situation.

[Faisal2202]

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.

The types of premises Trump has made will solve these problems and you are right if Trump won't act then these threats will become bigger but Gary will be replaced by new chairman on 20 Jan maybe and I think he is a good guy with friendly behaviour towards crypto.

[yhiaali3]

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.

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.

[bitterguy28]

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

so making a country totally pro crypto would not be easy but should start from the government

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