How Would a Democratic Government Respond to Cryptocurrencies? (US)

louisthomas (75) in cryptocurrency • 7 years ago

Mike Adamo asks "what do you think would happen with cryptos if a fully democratic run America were in place?"

cryptocurrency bitcoin ethereum politics economics

7 years ago by louisthomas (75)

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marc99 (55) · 7 years ago

Trump and cryptos will make a good salad.

$3.63

1 vote

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hedge-x (57) · 7 years ago

I have not had the chance to listen to your video yet but to answer your question..... If Democrats were in control it would be negative for crypto currencies. I can give you a direct example with the SEC. Recently back in the Spring the a very liberal SEC head was replaced with a Trump appointee. The different different the two can not be more profound. The SEC release in my opinion a very crypto friendly letter in Nov. regarding ICOs. If this was under Clinton or Obama, it would not be. Remember Obama the US could not allow a "Swiss Bank in your pocket" back in 2015? Up until Trump America was control by the Globalist. That also goes for Bush as well and McCain. This is why you see Trump is massively popular with the people but the Globalist Media can't stand him b/c he's actually doing things that help average Americans like the massive pro-business/pro-growth tax reform.

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2 votes

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tonygreene113 (59) · 7 years ago

I don't see how people cannot understand that Democrat politicians are anti-capitalist. All a person would have to do is look at ALL of the high population states and the larger cities are ran by democrats. They destroy entire industries of business with the taxing of everything!

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2 votes

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hedge-x (57) · 7 years ago

Precisely. In the US, we saw immediate economic growth b/c of lower taxes and a new Government pro-business mindset. Everyone does well under this environment. Maybe this why the Libertarian party has exploded in popularity over the last decade. People finally realize the more freedoms the better off we all are.

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1 vote

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bw1 (25) · 7 years ago (edited)

You are right about the far left, but the far right are equally destructive. Republicans should not be able to claim with a straight face that gov't should get our of your wallet, while simultaneously saying what you can do with your body and in the bedroom. Freedom should apply universally.

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1 vote

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andrejcibik (65) · 7 years ago

Good thing is, Bitcoin doesnt give a damn who runs the country :D
Its price does, but the long term viability does not at all.

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1 vote

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louisthomas (75) · 7 years ago

Very, very true!

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tonygreene113 (59) · 7 years ago (edited)

You'd never get to find out about a Bernie sanders presidency because Americans would NEVER allow a socialist to be elected to the office of president. Remember, he was the nutcase saying that our US economy should be more like Venezuela.
Got any Venezuelan Petros in your wallet?

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2 votes

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codeschool (44) · 7 years ago

There's some maps that show legality around the world (bitcoin), but I don't know how up to date they are.

In the US, Goldman Sachs just opened a crypto trading desk. The US generally follows their companies interests, I think they'll remain with the same viewpoint as now with cryptocurrency regardless of president.

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1 vote

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ramonsbyte (25) · 7 years ago

I believe in the next few years the government will require exchanges to withhold percentage of profit withdrawal (similar to the fees), and they'll collect the taxes.

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