Trump's pro-crypto stance could lead to a deregulated environment for cryptocurrencies, raising concerns about the proliferation of scams while leaving Bitcoin caught in politicization.
With the potential departure of Gary Gensler, a regulatory landscape ripe for scams may emerge, leaving Bitcoiners caught between polarized political reactions in the coming years.
As the political climate shifts, there's a risk that both parties may misinterpret the cryptocurrency landscape, unfairly conflating Bitcoin with numerous dubious altcoins in their regulatory responses.
My view is that Trump’s rhetorical support for Bitcoin may not translate into genuine advocacy, as the politics surrounding cryptocurrency could lead to unintended consequences.
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