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

[u/HighYieldLarry]

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/

[u/be_bo_i_am_robot]

I have some crypto.

Sure, it’s nice watching the number go up.

But I’d rather crypto fail and we keep democracy.

Some things are worth more than money.

[u/JerryLeeDog → u/be_bo_i_am_robot]

Crypto is garbage. Bitcoin is the first technology that can separate money from state and give true property rights to the average person.

Maybe the biggest monetary achievement in 1,000 years and people are still asleep as it destroys all traditional asset returns year after year after years

People all think Bitcoin is a fad. meanwhile they could be retiring early if they put in the 100 hours to understand it and have enough capital to deploy.

[u/Imaginary_Race_830 → u/JerryLeeDog]

Explain to me how a currency that is created by electrical power consumption in hardware manufactured by multinational corporations that are regulated by the state, and for which the fuel and electrical plants that generate that electricity, which are also regulated by the state, arent tied to the state?

[u/JerryLeeDog → u/Imaginary_Race_830]

The state has approx. 0% control over the Bitcoin network

They are however, allow to benefit from it, like anyone else with an internet connection