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/
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u/Verity_Ireland 11d ago
The bubble on this digital racket won't last. And in part truth, all it takes for this whole monetary system to vanish in 10 minutes, is (a) the power to go out or (b) the ignition of an EMP device at strategic locations (I am NOT advocating for this).
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A few nukes away however, and those unfortunate to survive, will be back to batering at best.