Some highlights of how the US would look like under Trump, as it relates to bitcoin and digital assets:
- Create a “strategic national bitcoin stockpile” for the US: Not really “creating” one, rather keeping what they have confiscated; but it’s another step in the right direction. Every single country on Earth should have bitcoin as part of their reserves.
- Prevent the creation of a Central Bank Digital Currency (“CBDC”): As much as I like this and believe CBDCs are the worst thing, it will only be a matter of time before the US gives in.
- Support the right to self-custody: The majority of people are not even aware what this means and it’s one of the most important things. Hopefully, this will shed some light on its importance.
- Fire current SEC Chair Gensler: It’s needed for the sake of the US not falling behind on bitcoin and digital asset adoption.
- Form a crypto industry presidential advisory council: Great as long as the bitcoiners do a good job and doesn’t become a s#!tcoin advisory council.
- Regulate bitcoin and digital assets by people who understand them: Very happy to hear this and I hope that they realize that they can’t apply analog laws to a digital world.
- America to become the undisputed bitcoin mining powerhouse: Great for energy efficiency.
I will believe all of this when I see it.