https://auntresodamid.com/iJugHxINePLH1VY/96561
Gary Gensler’s Departure Is No Triumph For Bitcoin

Gary Gensler’s Departure Is No Triumph For Bitcoin

Sharing is caring!


screenshot 2024 09 30 at 102208am

Follow Aaron on Nostr or X.

As I’ve explained previously, I don’t think Donald Trump actually gives a damn about Bitcoin; at best, he’s a shitcoiner who wants in on the scam. Having said that, it is fair to say that Trump adopted a pro-crypto stance during his campaign. And indeed, his promise at Bitcoin 2024 to fire Gary Gensler on “day one” of his presidency seems to have already resulted in the SEC chairman announcing his resignation.

An optimistic scenario (as for example suggested by Trey Walsh) is one in which the Democrats now (also) adopt Bitcoin as part of their party platform. But given how many other seemingly neutral topics get unnecessarily politicized (the COVID vaccines are perhaps the best recent example of this), I wouldn’t be surprised to see the opposite happen.

As the upcoming Trump administration is gearing up to establish a regulatory landscape facilitating full-on anything-goes multicoinery, and with Gary Gensler gone, we could well see the most atrocious scam coins proliferate and soar— before they inevitably implode. And as people over the next four years get rug pulled, dumped on, and otherwise defrauded, I could also easily imagine a political response from the other side of the aisle that fails to recognize the distinction between Bitcoin and the World Liberty Financials of the world altogether. They could turn against all of cryptocurrency even more than they already have— Bitcoin not excluded.

Of course, this is all speculation; I have no crystal ball here. But in a few years from now, bitcoiners might find themselves in between polarized positions from both major American political parties. Nocoiners to the left of me, shitcoiners to the right, here I am, stuck in the middle with you.

This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.



Source link

Oval@3x 2

Don’t miss latest news!

Select list(s):

We don’t spam! Read our [link]privacy policy[/link] for more info.

🕶 Relax!

Put your feet up and let us do the hard work for you. Sign up to receive our latest news directly in your inbox.

Select Your Choice:

We’ll never send you spam or share your email address.
Find out more in our Privacy Policy.

🕶 Relax!

Put your feet up and let us do the hard work for you. Sign up to receive our latest news directly in your inbox.

Select Your Choice:

We’ll never send you spam or share your email address.
Find out more in our Privacy Policy.

Sharing is caring!

Read More :-  Bill Miller IV Reveals Firm's Investment In GME, Touts Bitcoin Treasury Strategy
Scroll to Top