He stated that Bitcoin and crypto were previously under pressure, but that phase has ended. He also added that crypto can ease pressure on the dollar and provide broader benefits.
Why this matters:
This is a notable shift in how crypto is framed at the federal level. Instead of being treated as a threat to USD dominance, it’s now being positioned as a complementary tool that can reduce strain on the existing system.
If this stance holds, it likely means less aggressive regulatory enforcement going forward.
Curious how others interpret this — policy pivot or just rhetoric?
https://v.redd.it/bm5ki8fqywdg1
Posted by Real-Masterpiece4686
15 Comments
I mean… are our tax dollars going to be used bail out the late institutional buying by providing the oligarchs exit liquidity or not?
It is not breaking, it is 5 of November
Buy Bitcoin now yoh
Ask him to explain blockchain. See what happens…
Yes, November 5th, and look how fucked we are now.
Lol
Trump family always working another crypto scam.
When Trump tells everyone to zig, wise men zag.
The attack on the pockets of ordinary citizens are not over until we have a sound monetary system based on decentralized (p2p) electronic cash that cannot be inflated.
Most of “crypto” these days is even counter to that goal of more financial freedom, as it’s corporate, exploitative, much of it even outright scams.
Caveat emptor.
Guy who uses crypto for scams endorses crypto is not the great argument you think it is.
Anything that man touches i would stay the hell out of it
A couple more years and this will all change.
And with this back and forth nonsense character it could be a couple more days.
Remember that child trafficker that the Republicans and Democrats won’t research or let the public know details of? Please vote independent USA.
Pfffft
He’s got about ten months until the House flips, and the GOP has two more years until the CFPB kicks back into operation.
Bill Pulte’s family and everyone else like them that got used to near 0% interest and bailouts and lack of regulations in the mortgage industry have 26 months left to get it from crypto.
I’m not saying the Dems will definitely sweep everything between now and then, nor am I ascribing supernatural efficiency or truthtelling to them. But if I were a bull on crypto, I’d be getting ready to rotate out.
He’s pumping it lol
Tbh, the fact that this men endorses bitcoin and crypto is a really big red flag
I think I saw a tweet show a better view on this, demonstrating that the voting user base is now crypto-entrenched, and as such it has become political suicide to advocate for restrictions on crypto.
If that is indeed the case, then this is merely a way to save face and turn with the wind.
Either way, I don’t mind it, slow and steady progress is better for the average joe, than a revolution.