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Trump’s version was a far cry from RFK Jr.’s plan to spend 5% of the national budget pumping bitcoin, but it was still weird: he proposed that the “Stockpile” would consist of the crypto assets seized as a result of various law enforcement activities, which they normally sell in batches once the assets have been formally forfeited — a practice Trump says he would stop. I am announcing that if I am elected, it will be the policy of my administration, United States of America, to keep 100% of all the Bitcoin the US government currently holds or acquires into the future. We'll keep 100%. I hope you do well, please. This will will serve in effect as the core of the Strategic National Bitcoin Stockpile. As you know... as you know, most of the bitcoin currently held by the United States government was obtained through law enforcement action. You know that. They took it from you. “Let's take that guy's life, let's take his family, his house, his Bitcoin, we'll turn it into Bitcoin.” It's been taken away from you. Because that's where we're going now, that's where this country is going. It’s a fascist regime. And so as I take steps to transform that vast wealth into a permanent national asset to benefit all Americans. It’s not entirely clear to me whether Trump was merely acknowledging that many of these seized crypto assets are seized from crypto thieves who themselves wrongly stole crypto from the types of people likely to be in the audience at Bitcoin 2024,

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    Molly White (molly0xfff@hachyderm.io)'s status on Saturday, 16-Nov-2024 09:00:46 JST Molly White Molly White
    in reply to

    In this issue I also address the topic of a “Bitcoin strategic reserve” — a talking point that keeps coming up with crypto advocates fantasizing about Trump’s future plans, but which seems to be broadly being confused with promises made by his one-time opponent, RFK Jr.

    #crypto #cryptocurrency #USpolitics #USpol

    In conversation about 6 months ago from hachyderm.io permalink
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