Every fourth American is a member of the Association. own Bitcoin.
That’s more How often do candidates mention the concerns of seniors compared with those of cryptocurrency owners?
Donald Trump is making an effort to reach out to Bitcoiners on the campaign trail for 2024.
At the Libertarian National Convention recently, Donald Trump promised to “stop Joe Biden’s crusade to crush crypto,” And he assured Bitcoin users that he is in favor of the self-custody right.
“I say this with your vote, I will keep Elizabeth Warren and her goons away from your Bitcoin, and I will never allow the creation of a central bank digital currency,” The President said.
It’s clear which candidate this November is the best choice for Bitcoin owners and the entire industry – President Trump. Trump seems to understand the benefits of pro Bitcoin stances by world leaders, like Presidents Javier Milei Argentina and Nayib Bukele of El Salvador
He is therefore establishing a position that’s clear.
Trump recognizes that we have a right to our own sovereignty. No one understands decentralization better than Trump, because people are losing faith in government institutions and banks. Trump is the subject of unprecedented political lawfare, which has politicized the justice system. Trump-affiliated groups have also been stripped off their platforms and banks.
President Biden, meanwhile, just vetoed Legislation that would guarantee a consumer’s right of having their favorite regulated financial institution custody their Bitcoin or other digital assets—laughably—in the name of “consumer protection.”
The Biden administration is extremely hostile towards Bitcoin, as well as to the entire cryptocurrency industry. The Biden administration began “Operation Choke Point 2.0” The regulators issued a press release telling banks not to do business with digital assets companies. White House has also suggested a 30 percent tax It would also make the business of the Bitcoin mining industry in the United States unprofitable. The Energy Department of the United States also tried to gather information about Bitcoin miners. energy contracts The Justice Department is regulating these companies out of existence. Even the Justice Department went against long-standing Treasury Department advice when it sought to regulate via court filing Self-hosted mobile wallets are money transmission businesses. All of this is by design. They are trying to outright ban the entire industry.
When you take into account that Biden has been in office since 2009, it all makes sense. laid the groundwork For a Central Bank Digital currency.
Some politicians are in favor of the CBDC, because they want complete control. They would like to have the ability to monitor our spending and track all of our transactions. Bitcoin is the opposite of government-driven collectivism: it empowers the individual and frees them from the control they have over their money.
It is important to note that there are many pro Bitcoin Democrats in the Democratic Party. These include Sen. Kirsten Gillianbrand and Representatives Ritchie Torres and Wiley Nickel. More than 70 Democrats in Congress voted recently for legislation that promotes market structure. There needs to be more.
The self-appointed President Biden is now in charge of the administration’s handling of these issues. “anti-crypto” Senator Elizabeth Warren and her acolytes. The Chinese Communist Party has adopted policies similar to those of the United States. Anything that the party does not approve: it is cut off. financial They try to limit energy supply in the name environmentalism. They impose difficult market regulations. In short, they do whatever they can to cripple the Bitcoin system. work CBDCs are the ultimate weapon for controlling their population.
Even Sen. Warren has proposed legislation to effectively ban Bitcoin Mining in the United States, by treating all miners equally. financial Institutions are required to adhere to anti-money launderage standards, despite the reality that bitcoin miners don’t hold any client assets. She knows that if Bitcoin mining is not happening, then there will be no Bitcoin transactions. The path towards a CBDC, without private alternatives, would also be easier.
Bitcoiners have an alternative this November. It is important because one in ten Bitcoins are lost every day.third of voters They say that they weigh the views of candidates on digital assets when making their election choice.
There is no doubt about it. The President will defend your rights. own Bitcoin is a way to buy, sell, mine, or transact Bitcoin. work Bitcoin is a growing industry. We think he’ll support Bitcoin miner’s ability to revolutionize energy and finance industries in America and keep American economic leadership. He will also ban the CBDC and protect our self-custody. And stop regulators who are out of control from trying to shut us down. In my opinion, if you’re a Bitcoiner then President Trump will make Bitcoin Great again, in the eyes the U.S. Government.
Brian Morgenstern leads the public policy team at Riot Platforms. He was previously deputy assistant Secretary of Treasury and White House deputy Press secretary.
Brian Morgenstern has written a guest blog. Opinions are solely theirs own These views do not reflect the opinions of BTC Inc.
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Source: bitcoinmagazine.com