Donald Trump
Kalshi Research Finds 'Widespread Evidence' of Strong Republican Momentum in U.S. Elections
Published
4 hours agoon
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adminA note from Kalshi’s market research team suggests the prediction market – polls gap can be explained by Harris’ sliding popularity with key demographics.
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Democrats
Elizabeth Warren Proves Democrats Are Still Against Bitcoin
Published
15 hours agoon
October 16, 2024By
adminIf you were tuned into the Massachusetts Senate debate last night, you would have noticed a key exchange between pro-Bitcoin candidate John Deaton and his rival Elizabeth Warren, leader of Washington D.C.’s “anti-crypto army.”
When pressed by Deaton, Warren wouldn’t even defend herself. After lying and attacking our industry for years, she said “I’m fine if people want to buy and sell crypto.” Seriously.
My big concern with this moment is that it says everything about the Democrats and the lip service they are playing to the Bitcoin industry.
It’s undeniable that Bitcoin has turned into a partisan issue in this country for the most part. Most Democrats have followed Warren in taking a strong stance against supporting Bitcoin (even if they won’t admit it). I suspect Presidential candidate Kamala Harris has done the same.
Case and point, even Harris this week issued a generic “we will support blockchain and digital assets,” while not specifying exactly what she would do to help it.
But oh wait, she actually did put forth a new policy proposal yesterday, and to no one’s surprise, it was a race based one that excludes most Americans. It was a flop in the industry.
I have to ask at this point, how much more do pro-Democrat Bitcoiners need to see?
The Republicans have clearly embraced the industry. They’ve put forth legislation proposals in an attempt to foster more innovation in the space. They defend the industry from attacks coming from the Democrats. They attend Bitcoin conferences and events, listen to industry leaders, and buy and hold bitcoin personally.
They have not been shy in their public support for Bitcoin, and have also actively made it an official part of their party platform. That’s how serious they are.
The current leading presidential candidate, Donald Trump, has made many pledges to support and grow the industry, proposing specific policy on what he would enact if elected.
Earlier this summer, Trump raised $25 million from private individual donors at the Bitcoin 2024 Conference in Nashville (his second highest fundraiser across his three campaigns). American Bitcoin miners have met with Trump in Mar-A-Lago to discuss what they need him to do as president to support their businesses.
Where Republicans have leaned into Bitcoin, we have seen the opposite with Democrats. At almost every single congressional and Senate hearing I watch, Democrats vote against favorable Bitcoin regulation, and make verbal attacks on the industry.
At a congressional hearing only four months ago, Democratic Congresswoman Maxine Waters actually tried to make the case that we should implement a CBDC, and not ban it, because countries like China are embracing it. She called it the next “space race”.
It is crystal clear to anyone watching these congressional and senate hearings which side the Democrats have chosen when it comes to Bitcoin vs CBDC.
This is my big fear.
If elected president, I believe Harris would have little reason to support the industry, and every reason to continue attacking it, as she’s done as vice president over the last four years.
This election is a fierce battle for power of the United States of America. People and industries and choosing their sides, and if Kamala wins, she might not be so nice to the industries who heavily tried to get her opponent elected president.
If Bitcoiners want to see this industry not get attacked like it has these past four years, and see it thrive over the next four years, they need to make their voices heard at the ballot box this November – and, like it or not, they need to vote Republican.
This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
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Crypto Long & Short
How Crypto Investors Are Bracing for Volatility and What It Means for Bitcoin’s Future
Published
20 hours agoon
October 16, 2024By
adminUntil President Biden dropped out of the race in July, it seemed like Trump was the clear favorite within the crypto community. In the aftermath of the failed assassination attempt on July 12th, bitcoin jumped from $56,000 to $65,000, on the back of expectations that the former president would benefit from the incident. Trump’s view on crypto seems to have changed over the years. As president, he voiced skepticism over crypto, claiming that they could be used to facilitate illegal activities such as drug trafficking. He also mentioned at one point that he sees bitcoin as a currency competing against the dollar. In more recent times however, he wholeheartedly embraced crypto, pledging that he wants the U.S. to become a “bitcoin superpower” and the “crypto capital of the planet” under his leadership. His campaign has started accepting bitcoin donations. He also mentioned that he would replace SEC Commission Chair Gary Gensler, a notoriously disliked figure among crypto proponents. This pivot seems to have worked. Most of the crypto community is seemingly rallying behind Trump.
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Bitcoin
Kamala Harris Proves She's the Worst Candidate for Bitcoin Ownership and Adoption
Published
3 days agoon
October 14, 2024By
adminKamala Harris announced today she is “supporting a regulatory framework for cryptocurrency and other digital assets so Black men who invest in and own these assets are protected.”
Nope, that’s not clickbait: Harris’s first specific crypto policy is here, and it’s race-based.
As a Bitcoiner, I have to say, this is a huge misstep, and it shows Harris in no way understands Bitcoin, a network where everyone already has equal access regardless of race, color, creed.
Harris and the Democrats have for years touted themselves as “anti-racist,” while labeling their opponents and anyone who challenges them as racist. Here, Kamala is extending that policy to crypto, playing favoritism with one specific demographic.
Let’s just imagine Trump had come out with an agenda stating he will work on policy that will benefit white people in the crypto industry. The media would be in uproar about it. But, unlike Harris, Trump is not favoring one race of people over everyone else. He is making pro-Bitcoin policies that are for ALL Americans.
On this basis alone, Trump’s approach is undoubtedly far better for Bitcoin than the one Harris has proposed: he actually gives specific details on what exactly he would do to foster innovation within this industry if elected, and it explains how these policies benefit everyone.
This new rhetoric by Harris appears to be nothing more than just pandering for votes to one group of people, while likely losing votes from the others that she’s excluded. Any voter telling themselves otherwise is lying to themselves.
Let’s ask ourselves this, do we think that Harris’s policies will make it easier for Black Americans to access and own Bitcoin? Or do we think that her administration will make it more difficult? If more hurdles are placed on Black Bitcoin buyers, I for one, can’t imagine anything worse.
Bitcoin is an open source protocol open to anyone in the world. It does not care what race you are – anyone can use it. This policy is a slap in the face to all American Bitcoiners, and Bitcoin voters should head to the polls in three weeks to make sure she isn’t elected as President.
This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
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