Trump and Bidens Contrasting Crypto Policies Highlighted by Riots Morgenstern

Trump and Bidens Contrasting Crypto Policies Highlighted by Riots Morgenstern

Brian Morgenstern, a key figure at Riot Platforms, recently shared his thoughts on how the 2024 election could impact bitcoin and the crypto sector. He commended former President Donald Trump for his favorable stance on bitcoin and criticized President Joe Biden’s regulatory actions. According to Morgenstern, Trump vowed to safeguard bitcoin from regulatory challenges, oppose the introduction of a central bank digital currency (CBDC), and show support for the cryptocurrency industry, aligning himself with other global pro-bitcoin leaders.

Morgenstern highlighted Trump’s acknowledgment of the right to self-sovereignty, emphasizing the importance of decentralization in a time when trust in traditional institutions is waning. He mentioned Trump’s challenges with the legal system and the deplatforming of organizations associated with him. Morgenstern also mentioned how Trump’s views on bitcoin are in line with those of other pro-bitcoin leaders worldwide.

On the other hand, Morgenstern criticized the Biden administration for its hostile approach towards bitcoin and the broader crypto ecosystem. He pointed out Biden’s veto of a resolution that aimed to overturn strict cryptocurrency regulations imposed by the SEC. Morgenstern also mentioned other anti-crypto measures proposed by the Biden administration, such as Operation Choke Point 2.0 and regulatory actions against self-hosted wallets. He argued that these measures could hinder the growth of the cryptocurrency industry, likening them to the restrictive policies of the Chinese Communist Party.

In conclusion, Morgenstern expressed his belief that Trump is the preferred candidate for bitcoin enthusiasts. He believes that Trump would protect the rights of bitcoin owners, miners, and industry workers, while also preventing the introduction of a CBDC and curbing excessive regulatory interference. Morgenstern invited readers to share their opinions on whether they agree with his assessment and Trump’s promises regarding crypto.

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