Bitcoin enthusiasts are optimistic about future prospects under Trump, as seen in rising prices. However, vigilance is needed to maintain private transaction rights.
The Trump administration may be friendlier to Bitcoin than Biden’s, yet uncertainty remains around regulatory specifics, particularly regarding AML/KYC requirements and legal precedents.
The recent Tornado Cash case highlights potential legal challenges, potentially increasing demands for identifying information in Bitcoin transactions, threatening its core privacy value.
It's crucial for Bitcoin users to actively defend their right to transact privately, as losing this could undermine the foundational principles of Bitcoin as a currency.
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