Politicians are quite weird and they aren't like normal people. Just like how most surgeons are slightly more sociopaths (?) on average because of the nature of their job (death everywhere obviously), I tend to think that politicians are kind of like that too because everyone intelligent and dumb have expectations for said politicians and inevitably some people are going to be left unhappy and they will make a fuss about it.

I think they are still like normal people but more greedy and obviously more powerful.

Can you imagine how would normal people actually act if given the chance to have power and authority over their constituents? Most people would be very bad government officials.

Just remembering high school, people who were popular knew exactly how to get what they want, when they want from whoever they like. My old classmate from high school is now a politician and he was so lazy but popular. Politics is everywhere if you really think about it. The power dynamics are relevant in all kinds of fields.

The approval of Ethereum Spot ETF has big contribution from Donald Trump. Lately he announced publicly that he will support Cryptocurrency market if he reclaims his presidency a second time.

This statement from Trump, after many months of vague stance from him even sometimes he shown signals that he started to turn to pro-cryptocurrency, make big pressure on the current President Biden and SEC. Many months, SEC. did not response to applications of companies for Ethereum Spot ETFs but recently, they requested companies to work with them more closely and there are some letters, supports from Biden's party too.

CBDCs, they will come but we can vote to delay their existence. I really don't believe that governments will not deploy CBDCs in future.

But isn't that inevitable? The world is moving toward centralized shitcoin issued by the government and more surveillance with or without it. Also correct me if I'm wrong but this whole mess about CBDCs and where they go from here seem more like a legislation issue not a government issue.

Why support Biden when crypto flourishes under less oversight? Not all regulation is bad. Think big: organized laws might legitimate cryptocurrencies, promoting mainstream use and stabilizing volatile markets. However, execution matters. Innovation can be stifled by overly restrictive rules like the present administration's crypto mixer ban. Look at the EU's cautious, supporting approach to growth in a stable framework. Could the U.S. balance security and innovation with the proper leadership?

Was the quiet in the crypto waters under Trump a facade or a squandered opportunity to mature? Jay Clayton's absence of rigorous regulation may have seemed seamless, but it allowed the industry full of frauds and speculative development. Contrary to Gensler's proactive approach, crypto's long-term success may require harsh groundwork. Crypto may soar if the next administration combines Clayton's light touch with Gensler's regulatory rigor.

He does many things for his benefit and reputation as well as his high ego. I saw he made some good strategic policies for the USA. in his four years as their President but there are other things he did bad and he did worse after he lost the President Election 4 years ago.

This year, his return is expected and there are signals for it months ago, though it's hard to believe he supports Bitcoin, cryptocurrency market because he actually loves it. It's purely or mainly from politics and what he can potentially by publicly announce his stance. His stance can be changed, quickly, unpredictable as we saw in his previous four-year presidency.

This couldn't have been said any better. One of the categories of people not to be trusted are politicians especially when they're in the campaign mode like Trump has been doing. Trump's crypto advocacy during his campaign is simply to help him take in more donations and to put him in a good position with the lot of Bitcoiners and crypto folks that are interested in a crypto friendly US government. I do hope these people are taking his words with a grain of salt. Best to be keep expectations low imo.

News update.

Trump promised to free Ross Ulbricht on day 1 of his presidency hehehehee. It appears that the Biden administration should free him before November if they want to compete against Trump on his procrypto campaign hehehe.

I am quite certain that everyone will agree that this is certainly good news for many bitcoiners and the cryptospace community.



Donald J. Trump has pledged to commute Silk Road founder Ross Ulbricht’s life sentence to time served if he’s re-elected president
.
“If you vote for me, on Day 1, I will commute the sentence of Ross Ulbricht to a sentence of time served,” Trump said during his Saturday night remarks at the Libertarian National Convention in Washington, D.C. “He’s already served 11 years, we’re gonna get him home.”

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



This is the video of the speech.

https://streamable.com/x7kcmg

Trump got fiercely booed and heckled at that speech today. I guess the Libertarians know BS when they hear it.

Trump didn't appear out of thin air yesterday. There is a history that anybody who wants to know how serious he is about his pre-election promises can look at. They don't need to wait.
For example what has he done about his biggest campaign promise to make America great? He just isolated US more than ever by alienating allies, started the war with China (the war that is ongoing), ruined US economy more than before, ...

It's the same with all other empty promises by the way. Like the wars. There were wars back in 2016-17 when he was advertising himself and promised to end those as well