Embed Notice

HTML Code

<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://hachyderm.io/users/molly0xfff/statuses/113846612854223317">Molly White (molly0xfff@hachyderm.io)'s status on Saturday, 18-Jan-2025 09:50:57 JST</a><a href="https://hachyderm.io/@molly0xfff" title="molly0xfff@hachyderm.io"><img src="https://gnusocial.jp/avatar/34789-48-20230824095227.webp" width="48" height="48" alt="Molly White" style="position: absolute; left: 0; top: 0;">Molly White</a><div><a href="https://hachyderm.io/@molly0xfff/113846608434973999" rel="in-reply-to">in reply to</a></div></section><article><p>Rumors are flying about Trump’s early crypto-related actions in office, including a potential day-one executive order establishing crypto as a national priority. Other guesswork is on Polymarket — where 6% of bettors wagered the new admin will confirm aliens exist. We can hope.</p><p><a href="https://hachyderm.io/tags/crypto" rel="tag">#crypto</a> <a href="https://hachyderm.io/tags/cryptocurrency" rel="tag">#cryptocurrency</a> <a href="https://hachyderm.io/tags/USpolitics" rel="tag">#USpolitics</a> <a href="https://hachyderm.io/tags/USpol" rel="tag">#USpol</a></p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/4395961#notice-8598710">In conversation</a><time datetime="2025-01-18T09:50:57+09:00" title="Saturday, 18-Jan-2025 09:50:57 JST">about 2 months ago</time> <span>from <span><a href="https://hachyderm.io/@molly0xfff/113846612854223317" rel="external" title="Sent from hachyderm.io via ActivityPub">hachyderm.io</a></span></span><a href="https://hachyderm.io/@molly0xfff/113846612854223317">permalink</a><h4>Attachments</h4><ol><li><label><a rel="external" href="https://gnusocial.jp/attachment/3945184">In elections and political influence
After his inauguration, Trump is likely to quickly release an executive order designating crypto as a national priority.11 This would not be the first crypto-related executive order — Biden had his own — but the focus on consumer protection and financial risks in Biden’s order is likely to be completely absent in Trump’s. Instead, Trump’s will most likely formalize the signal — already being received loud and clear in Washington, as I outline in a moment — that the crypto industry is a friend to Trump and needs to be treated accordingly. The order will also likely establish a crypto advisory council, though this is not any big surprise given that Trump has already announced that such a council will exist when he announced it would be led by Bo Hines (for some mystifying reason that I would still quite like to learn more about) [I72].A “top transition source” told Axios that Trump “is going to be very focused on the price of Bitcoin”, and wants to see it hit $150,000 early into his presidency. This does not give me a ton of hope as far as him not pursuing blatant efforts to juice the price of bitcoin to benefit a minute few at the expense of the vast majority of Americans.12The New York Post, such as it is, published rumors that Trump has been considering an “America First” strategic reserve that would prioritize tokens founded in the United States, such as Solana, USDC, and Ripple’s XRP token.13 Putting aside Trump’s enchantment with</a></label><br><a href="https://media.hachyderm.io/media_attachments/files/113/846/610/489/592/271/original/888303c4708dfc69.png" rel="external">https://media.hachyderm.io/media_attachments/files/113/846/610/489/592/271/original/888303c4708dfc69.png</a></li><li><label><a rel="external" href="https://gnusocial.jp/attachment/3945185">Other predictions of Trump’s early actions in office can be found, of course, on Polymarket, and they paint a grim picture. At the moment, Polymarket bettors are asking whether Trump will issue an executive order relating to transgender rights on day 1 (55% yes), reinstate the global gag rule on day 1 (39% yes), say the words “crypto” or “bitcoin” during his inauguration speech (35% yes), create a Bitcoin reserve within his first 100 days in office (41% yes), ban birthright citizenship within 100 days (66% yes), and so forth.Further down the list, Polymarket has a 6% chance the Trump administration confirms aliens exist within 100 days. There’s something to look forward to, perhaps. Beam me up.</a></label><br><a href="https://media.hachyderm.io/media_attachments/files/113/846/612/435/502/933/original/8e0316ead2c113a2.png" rel="external">https://media.hachyderm.io/media_attachments/files/113/846/612/435/502/933/original/8e0316ead2c113a2.png</a></li></ol></footer></blockquote>

Corresponding Notice

Embed this notice
Molly White (molly0xfff@hachyderm.io)'s status on Saturday, 18-Jan-2025 09:50:57 JST Molly White
in reply to
Rumors are flying about Trump’s early crypto-related actions in office, including a potential day-one executive order establishing crypto as a national priority. Other guesswork is on Polymarket — where 6% of bettors wagered the new admin will confirm aliens exist. We can hope.
#crypto #cryptocurrency #USpolitics #USpol
In conversationabout 2 months ago from hachyderm.iopermalink
Attachments
1. In elections and political influence After his inauguration, Trump is likely to quickly release an executive order designating crypto as a national priority.11 This would not be the first crypto-related executive order — Biden had his own — but the focus on consumer protection and financial risks in Biden’s order is likely to be completely absent in Trump’s. Instead, Trump’s will most likely formalize the signal — already being received loud and clear in Washington, as I outline in a moment — that the crypto industry is a friend to Trump and needs to be treated accordingly. The order will also likely establish a crypto advisory council, though this is not any big surprise given that Trump has already announced that such a council will exist when he announced it would be led by Bo Hines (for some mystifying reason that I would still quite like to learn more about) [I72]. A “top transition source” told Axios that Trump “is going to be very focused on the price of Bitcoin”, and wants to see it hit $150,000 early into his presidency. This does not give me a ton of hope as far as him not pursuing blatant efforts to juice the price of bitcoin to benefit a minute few at the expense of the vast majority of Americans.12 The New York Post, such as it is, published rumors that Trump has been considering an “America First” strategic reserve that would prioritize tokens founded in the United States, such as Solana, USDC, and Ripple’s XRP token.13 Putting aside Trump’s enchantment with
  https://media.hachyderm.io/media_attachments/files/113/846/610/489/592/271/original/888303c4708dfc69.png
2. Other predictions of Trump’s early actions in office can be found, of course, on Polymarket, and they paint a grim picture. At the moment, Polymarket bettors are asking whether Trump will issue an executive order relating to transgender rights on day 1 (55% yes), reinstate the global gag rule on day 1 (39% yes), say the words “crypto” or “bitcoin” during his inauguration speech (35% yes), create a Bitcoin reserve within his first 100 days in office (41% yes), ban birthright citizenship within 100 days (66% yes), and so forth. Further down the list, Polymarket has a 6% chance the Trump administration confirms aliens exist within 100 days. There’s something to look forward to, perhaps. Beam me up.
  https://media.hachyderm.io/media_attachments/files/113/846/612/435/502/933/original/8e0316ead2c113a2.png

Public

Embed Notice

HTML Code

Corresponding Notice