President Donald Trump

that would be cool too, but that's not what GENIUS (already passed) and CLARITY are.

this is a poor take imo. the dems are trying to kill crypto at every opportunity. the biden/warren/gensler administration was horrific. we're trying to get some common sense legislation passed now to help regulate crypto, rather than it be at the whims of various unelected officials and their bureaucratic power.

if you're just looking at price, yes Trump is max chaos and the markets react extremely negatively to that. but if you zoom out, get some legislation passed and stop sucking off the banking lobby. we can't get a market structure bill passed because the banks don't want stablecoins to be able to pay any yield to the holders. god forbid there be any competition to banks who give 0.1% interest on bank deposits. of course Warren et al support all the banks, which is objectively hilarious, given her prior positions. but money talks and can't upset the donors, so let's not pass any legislation on the matter.

You left out the part where Trump has personally damaged crypto’s overall image by continually pulling a bunch of shitcoin scams and bribery schemes.

ya that's a bad look too, but also lol at the idiots that bought his shitcoins

Are you under the impression that any legislation would be speerheaded by elected officials rather than more people that are appointed? And what makes you think he would respect the law if it was passed and didn’t benefit him? Has he demonstrated a high respect for regulatory agencies or congressionally funded bills?

When there is no appropriate legislation, agencies interpret decades old legislation that is not effective or concrete for dealing with new ideas and technology. It leaves great uncertainty in the market because different agencies, or administrations, interpret it differently. Having well drafted legislation allows businesses and individuals to operate with greater certainty. It also makes businesses more comfortable to operate in America and create American jobs rather than going offshore.

I don't know if he would respect the law. Probably not, but that's not really the point. That's like saying should America have criminal laws dealing with murder if Trump isn't going to respect the law?

oh shut the **** up already

I mean yeah if you have a law against murder but it’s only used to arrest people you don’t like that murder but your friends can murder whoever they want, that might actually be worse than not having any laws against murder.

Also it’s sort of trivial to say that if you could have a better law than the 50 year old law then you would have a better law. Doubt anyone would disagree with that. Do you have a law that you are proposing or even concepts of a plan?

...

Read those. They can't get CLARITY over the line because bankers are upset.

Did you forget that you're tarded?

Wait have we reached the point where crypto bros are rooting for legislation to save the industry?

Question. If Russia is helping Iran with satellite data to target American bases, and Trump basically rewards them by temporarily lifting sanctions on Russian oil. How is that not giving aid to an enemy?

Is this not literal treason?

I think you are a bit shortsighted here. The legislation will help, but if the goal is to get crypto "to moon" then the straight dem ticket should be the plan. Crypto needs high inflation to really moon - sometimes in a competition it isn't about improving your position than tearing down the competition. You need the party of "shut down the economy" and "give money to everyone" during covid and the party of big govt and increasing handouts.

The printing is inevitable from both parties.

Be careful with this and remember that all Dems have for decades actively tried to drag the price of oil and gas up by slowing domestic drilling and giving money to green energy. If it plays out like you want the only politicians left are republicans.

Yes, we have printed really close to 6% a year for a longtime except the 2 years after/during covid when we printed at 18% a year. Just because there is inflation no matter who is in charge doesn't mean one party isn't better/worse than the other.

Crypto getting to the point where it is used regularly by a significant part of the US or the world (what I think of when i think of crypto mooning) is incredible close to 0% if repubs had control every year for the next 50 years, but if dems had control for 50 years that % may be as high as low to mid single digits.

After this disaster of an administration we can safely conclude that will never happen. Wasn't my question though. Can you answer that one instead?

The answer to your first question is yes, like dems have been doing for decades and to a much larger extent, trump indirectly gave money to Russia.

To your 2nd question: no, this isn’t treason.

I could have answered your post with a yes and no, but I think it is better for the thread to explain thoughts beyond one word answers.

So you want legislation but don’t know what law you want? Righties are become even more ******ed about civics than the far left. “Just regulate it bro” doesn’t work when regulations can actually do more harm than good. Republicans used to know this.

Lol what are you talking about? Your trolling is tiresome.

I shared the 2 bills with you. The GENIUS Act that was signed into law last summer, and next up is the CLARITY Act (market structure bill) that they are still negotiating over because bankers are being fussy.

And yes, bad regulation would obviously be bad, which is what the Dems would do if they were in power. And they aren't allowing reasonable regulation to be passed now because appeasing banker donors.

"I can confidently say that no matter how bad things actually are the fantasy I've built up in my head about how bad things could have been will be infinitely worse"

I think if someone said that to you to justify their opinions you would correctly point out that they are engaging in nuclear levels of cope

Literally the only thing housenuts cares about is crypto.

Remember when you pretended you were pro-Trump because you were tired of Middle-Eastern wars? Fun times.

ya that was some good pretending times, this Iran stuff sucks and I don't support it