| Looks like the Biden admin is dropping its tough stance. The SEC has backed down on ETH ETF approval. It’s all because Trump came out as pro-crypto now and to capture that demographic of vote, many of whom are blue, the democrats are softening their approach to crypto. Also, the lobby is strong and full of money. Anyway, good time to be in Shiba Inu, Pepe, Bonk and Bitcoin! |
| Yea, interesting pivot. Hopefully it’s not all a house of cards. There is a ton of money being right now tho. |
| I don’t think the sec will approce the ethereum ETFs. Too risky. |
| What? The ETF approval is happening today. |
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It’s not happening today, but Biden isn’t going to veto a bill he’s threatened to earlier that will essentially allow crypto to be considered commodity. Prices will skyrocket on this news. It’s all because Trump started seeing how popular crypto investing is now. Biden could not lose these votes.
https://qz.com/sec-chair-gary-gensler-criticizes-crypto-market-bill-1851493248 |
| It’s not because Trump is for it it’s because it’s supporting criminal networks. I know Trump wishes he could pay for sex in crypto to hide it better but the rest of us would like to make criming harder. |
| Whatever. I’m just glad we are getting more regulatory clarity. |
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Yeah, the crypto crackdown is slowing:
https://www.axios.com/2024/05/22/crypto-us-regulation-lawmakers-fit21-bill |
| Is Trump president today? |
He could be soon, based on current polling, which is likely why he’s begun to soften on crypto. It’s a small, but helpful voter block. Kind of like how he’s playing up marijuana policy changes. Keep up. |
I mean it’s why Biden is softening on crypto. He sees that Trump is courting crypto bros, their money and their vote. It’s a tight race and he needs all the votes he can get. |
He’s probably the closest thing we have to an actual president right now. |
Trump would push western liberal countries away from us and embrace dictatorships. I think the market likes certainty. Trump would be such a wild card, lunatic in all areas of domestic and foreign policy he might just cause a financial meltdown. |
You might recall that he was president before and the world didn’t end. In fact things went quite well until Wuhan gave us that little present. |
Oh please! Do the crypto bros always have to get their way?? Soon we will be paying for bailouts for crypto scams and flim-flam artists. So disappointed in Biden for his surrender to the crypto bros. Pathetic! |