The statement about paying off the national debt with bitcoin doesnt make much sense to me. His understanding of Bitcoin is very limited, but he will keep saying these sort of things if it makes him appear to be pro-crypto. It will be hard for him to back out of certain promises, like commuting Ross sentence. While this would be a nice gesture, there is still a lot more action needed to prove that he isnt just a demagogue and is actually looking to create a friendly environment for cryptocurrency in the United States.
From looking at his sons and all the
scammy altcoin stuff theyve been peddling on social media, my impression is that this is just another grift by Trump.
@pakhitheboss. I am supportive, however, I am skeptical. I have mentioned this before, we will only witness a real procrypto government if the Trump administration will do these 4 policies.
1. They will stop their cases against Uniswap and Coinbase.
2. The SEC will create clear guidelines in what is an illegal security and what is a commodity.
3. They create new KYC rules because their old rules have been difficult for the people in the cryptospace.
4. They will stop treating the Tornado Cash founders and other developers of privacy software very much like criminals.
#3 and #4 dont seem too plausible because it is not something that his donors get much benefit from. It doesnt matter what party is in control, the government hates privacy and loves surveillance. Furthermore, there are other potential Trump policies that could greatly undermine civil liberties.