Source: C Labs Encryption Observation

I have to say that Trump is still very reliable and does what he says~

When Trump was campaigning, he was very concerned about encryption. Made these commitments:

Fire SEC Commissioner Gary Gensler.

Fire the current SEC Chairman on his first day in office

Introduce a national strategic Bitcoin reserve.

Build Bitcoin Strategic Reserve

Appoint a Bitcoin and crypto presidential council to design regulatory reforms.

Develop a Bitcoin and crypto presidential council to design regulatory reforms.

Ensure that Bitcoin continues to be mined in the U.S.

Make the U.S. the “Crypto Capital” of the world.

Make the United States the Crypto Capital of the World

Remove capital gains taxes on Bitcoin transactions.

Remove capital gains taxes on Bitcoin transactions

Ensure that the U.S. does not introduce a CBDC.

Ensure that the U.S. does not introduce a CBDC.

Now, SEC Chairman Gary Gensler has officially announced that he will issue a CBDC on the first day of Trump’s term. Resigned one day.

Yesterday, the head of the President’s Encryption Advisory Committee was also appointed. Although he is an athlete, he is still a young person born in 1995. He should be more stubborn about encryption than the old stubborn people in the traditional financial industry. We need to be more familiar~

The cost of mining in the United States is indeed very low now. Our beautiful mine in Arkansas now has an electricity cost of only 5 cents~

Now in the United States Friendly, the whole world is staring at the United States, and cryptocurrencies are settled in US dollar stablecoins. As long as the United States does not mess around, it will naturally become the capital of cryptography.

Feel sorry for the "former crypto capital"

The CBDC plan in the United States has also been stopped, and the stablecoin sector has been completely handed over to the market~

Currently, Trump still has two big plans:

The first is to establish a strategic reserve of Bitcoin;

The second is to cancel the capital gains tax on Bitcoin transactions.

The first Bitcoin strategy is actually already underway.But this period will not be so fast. In addition to the support of the president, it also needs the approval of the House of Representatives and the Senate.

So some time ago, Federal Reserve Chairman Powell opposed the reserve of Bitcoin, which actually gave everyone a chance to get on board.

Because the Bitcoin strategic reserve is the Trump campaign promise that the crypto community pays the most attention to, I believe he will not disappoint everyone on this~

Another promise that has not been fulfilled yet , which is to eliminate capital gains tax on Bitcoin transactions.

If this can be realized, it will also be a nuclear bomb-level benefit, because for large investors in the United States, the capital gains tax on short-term currency speculation is as high as 37%!

In his last term, Trump lowered the U.S. corporate income tax from 35% to 21%. The entire process brought about several years of bullish growth in the U.S. stock market~

Believe in Bitcoin Capital gains tax can also have the same effect!