jakiro
Source: AiYing Compliance
A few gunshots almost declared the suspense of the US presidential election ended.This is a time of political violence and a time when a “hero” is born.In the crypto world, gunfire has become the starting gun for bulls to counterattack at this moment, and has also become a catalyst for market trends.
At 18:11 ET on July 13, former US President Trump was shot at the Pennsylvania presidential election campaign. Trump, who was covered in blood, was immediately protected by the Secret Service. After calling out to the public,He was sent to the hospital for treatment and was basically in good health.
After Trump was shot, he did not leave the field quickly, but instead shouted to supporters present.In the footage of Pulitzer Prize-winning Evan Vucci, Trump clenched his fists high, his face full of blood, and the American flag was flying behind his head.The tragedy and heroism rendered in the picture immediately became a classic, and this shocking scene also became a heavy picture reprinted by major media around the world. Some people even found that he was surprisingly consistent with the “Story of Leadership of Liberty” in 1803.It adds a lot of highlights to Trump’s image as a fighting hero.
After the news of Trump’s assassination came out, the bets on Polymarket for Trump’s president-elect have reached 70%, while Biden has only 16%. At the same time, BTC’s sharp jump, quickly breaking through60,000 US dollars.
The impact of politics on the crypto world is now more intuitive.Although the market believes that Trump is likely to be elected and his friendly remarks towards cryptocurrencies are very conducive to the development of cryptocurrencies, however, from a deeper perspective, in the increasingly polarized political struggle and global geopolitical game, TrumpThe assassination of Pu may lead the already turbulent global political landscape to a more extreme direction.If we further look back at Trump’s past attitude towards cryptocurrencies, this trend may be more visible, and we can also see how Trump has moved from an “anti-crypto president” to a “crypto-friendly president.”
1. Presidency from 2017 to 2021: Criticize!negative!But give appropriate regulatory space
During Trump’s first election as president and office, Trump himself held a clear opposition to cryptocurrency and even publicly claimed in the media that he had negated cryptocurrencies.
However, it was during Trump’s tenure that various regulations had initial development.
In July of the year that he took office in 2017The United States introduced the “Virtual Currency Business Unified Supervision Act” which does not have legal mandatory effect, providing a basic legal framework for regulation for the business activities of virtual currency exchanges and providing a legislative basis for the US states; it was also December of that year., the U.S. Commodity Futures Trading Commission (CFTC) launched Bitcoin futures.
2018The SEC under Trump has launched strong regulation of ICOs, including a crackdown on Arise Bank, the world’s first crypto bank.
2019, for the first time, it published a criticism of Bitcoin and crypto assets on public social media, and the fiscal budget proposal released the following year disclosed millions of dollars in regulatory enforcement funds for the crypto industry.
Before and after leaving office in 2020-2021Although the Trump administration’s cabinet nominated several crypto-friendly advisers, in its speeches, it still insisted that “Bitcoin is a scam and called for strengthening supervision of crypto assets.” Individuals also claimed that they do not hold crypto.currency.
2. During the resignation period from 2021 to 2023: Turning point, under the NFT frenzy, Trump’s in-depth participation
When Trump stepped down, NFT issuances were growing rapidly. Celebrities from all walks of life started the issuance of personal NFTs, making a lot of money for a while. In particular, Mrs. Trump quickly kept up with the trend and announced the launch of the NFT platform, and issued special editions.The NFTs related to Trump may be the personal consequences of various celebrities and their own wives. In 2022, Trump officially announced the release of his own limited edition NFTs.In 2023, Trump released two series of NFTs in a row and launched NFT rights, such as Trump dinners, signature souvenirs, etc., which is quite a trend of making his NFT career bigger and stronger.There is reason to believe that Trump should have made a lot of profits through the NFT market during his resignation, which to a certain extent also laid a strong foundation for his subsequent change in attitude when he ran for president.
3. 2024-To date: The trend of following the political struggle, and the trend is to strive to be a crypto-friendly president
In the 2024 election year as the US president, the party struggles in the United States are becoming increasingly fierce, and Trump and Biden have made every effort to win the presidential throne.Because cryptocurrencies have attracted the attention of younger voters and are becoming more common in the United States, they have also been used by Trump as one of the important means of campaigning.
In May this year, Trump said he accepted cryptocurrency donations and pointed out that “Biden doesn’t even know what cryptocurrency is” to please voters and support for money.In addition, Trump also publicly declared that he would ensure the future of cryptocurrencies and Bitcoin in the United States and promised to pardon Ross Ulbricht, founder of Silk Road.
Trump partially supports the original speech as follows:
1. “I will also stop Joe Biden’s crusade to crush crypto – we’re gonna stop it. I will ensure that the future of crypto and the future of bitcoin will be made in the USA, not driven overseas. I will support the rightto self custody,”
Translation: I will also stop Joe Biden from attacking cryptocurrency-we want to stop it.I will make sure the future of cryptocurrencies and Bitcoin is in the United States, rather than being driven overseas.I will support the right of cryptocurrency holders to self-custody”.
2. Bitcoin mining may be our last line of defense against a CBDC. Biden’s hatred of Bitcoin only helps China, Russia, and the Radical Communist Left.We want all the remaining Bitcoin to be MADE IN THE USA!!!
Translation: Bitcoin mining may be our last line of defense against CBDC…We hope all the remaining Bitcoins are made in the United States!!!
Another example of the fact that cryptocurrencies have become an important means of political struggle is the reaction of Trump’s rival Biden.
On May 9 this year, under the decision of the Biden administration, it announced the veto for the repeal of the SAB121 bill, which is essentially intended to protect consumers of digital assets.Biden’s veto sparked strong opposition from crypto supporters, forcing Biden to issue a statement that month calling on Congress to establish a “balanced regulatory framework” while also starting to reach key figures in the cryptocurrency industry.With Trump’s strong show of affection for Encryption, Biden had to ease his always tough stance and instead please voters, after all, this is related to the presidential throne.
4. Future: The interaction between politics and cryptocurrency, the increasingly fierce political violence, and the increasingly compliant cryptocurrency assets
Perhaps Trump’s behavior, as arthur hayes criticized, is not sincere in his “sudden concern for cryptocurrencies” and is simply to please young, politically active and upstart cryptocurrencies, but from TrumpJudging from the assassination itself, when the political struggle has risen to the stage of force conflict and assassination, the internal separatist crisis of the United States hidden behind this, and social contradictions have become increasingly obvious problems.Or, in the near future, people’s concerns about war may become a reality, which will further strengthen the attributes of Bitcoin and the crypto assets behind it as the ultimate safe-haven asset in the world.
The more direct impact is that neither Biden nor Trump will be able to ignore the impact of crypto assets and the Gen Z young people behind it, and compliance may be further accelerated.After all, as an old man close to 80 years old, Trump should understand that the world will eventually belong to these young people, and they will lead the opening of a new era. Whether they are willing or not, the general trend of cryptocurrency has been established, so that it can develop in compliance with the overall situation.It’s better than scams everywhere, and Trump’s high fists and blood are not only a scene in American political history that can be recorded in history, but may also be a classic footnote to the crypto world moving towards the “compliance era”.
