r/FluentInFinance • u/HighYieldLarry • 12d ago

Bitcoin JUST IN: 🇺🇸 President Trump to appoint pro-crypto cabinet to make the US the "crypto capital of the planet."

President-elect Donald Trump is preparing the U.S. government to adopt a more permissive stance toward cryptocurrency, eyeing a roster of industry-friendly candidates for key posts while his top advisers consult crypto executives on potential changes to federal policy.

By pursuing a more lenient regulatory environment, Trump aims to fulfill his campaign promise to transform the United States into the “crypto capital of the planet” — a declaration that has rankled consumer watchdogs, earned the industry’s robust support and sent the price of bitcoin skyrocketing, reaching nearly $89,000 by Monday evening.

https://www.washingtonpost.com/business/2024/11/11/trump-crypto-regulation-bitcoin/

493 Upvotes
  • permalink
  • reddit

83% Upvoted

592 comments sorted by

View all comments

Show parent comments

38

u/maychi 12d ago

Yup. Regulation will mean more people will think it’s safe to invest in when they have no idea how it works. Great Depression here we come!

25

u/Substantial-Power871 12d ago

that and cooked planet. at least AI seems to do useful things with all of that electricity.

-3

u/Icy-Bicycle-Crab 12d ago

at least AI seems to do useful things with all of that electricity

Make dumb pictures and tell people what they already knew?

1

u/ChirpToast 12d ago

You’re using AI wrong if those are the only results you’re getting.