Joe Biden, The Crypto Supporter?

[Bucky]

• President Joe Biden’s re-election campaign has begun reaching out to crypto industry players over the past two weeks for guidance on “crypto community and policy,” sources told The Block.
• Sources told The Block they noticed a significant “shift” in tone from the Biden administration and campaign toward crypto, with a new willingness to understand digital assets and their communities.
• The new outreach efforts come shortly after the Biden administration faced backlash for signaling it would veto an alleged anti-crypto bill.

https://www.theblock.co/post/297504/biden-campaign-shifts-crypto-stance-engages-crypto-industry-presidential-elections-2024

I don't even think Joe Biden knows what bitcoin is. No one who owns crypto is falling for this shameless attempt to win votes.

 

[Geoist]

https://www.theblock.co/post/297504/biden-campaign-shifts-crypto-stance-engages-crypto-industry-presidential-elections-2024

I don't even think Joe Biden knows what bitcoin is. No one who owns crypto is falling for this shameless attempt to win votes.

No, Biden probably doesn't know what bitcoin is, and neither does Trump.

Trump's crypto reversal reeks of desperation and hypocrisy

Donald Trump is transforming into a crypto bro, why the Media Matters layoffs matter, and more top tech stories in this week's Tuesday Tech Drop.

www.msnbc.com

 

[Bucky]

No, Biden probably doesn't know what bitcoin is, and neither does Trump.

Trump's crypto reversal reeks of desperation and hypocrisy

Donald Trump is transforming into a crypto bro, why the Media Matters layoffs matter, and more top tech stories in this week's Tuesday Tech Drop.

www.msnbc.com

Trump has spoken about crypto. He is a willing learner and a quick draw.

I give him credit for having an open mind.

 

[Geoist]

Trump has spoken about crypto. He is a willing learner and a quick draw.

I give him credit for having an open mind.

That's a nice way of saying grifter.

 

[Bucky]

That's a nice way of saying grifter.

Are you saying crypto is a grift?

Trump has always been a quick study. His presidency defines it.

 

[Geoist]

Are you saying crypto is a grift?

Trump has always been a quick study. His presidency defines it.

I'm saying Trump is a grifter.

And 99% of crypto is a grift.

 

[mrjurrs]

https://www.theblock.co/post/297504/biden-campaign-shifts-crypto-stance-engages-crypto-industry-presidential-elections-2024

I don't even think Joe Biden knows what bitcoin is. No one who owns crypto is falling for this shameless attempt to win votes.

And from the other candidate...
"In July 2019, then-President Trump tweeted that he was no fan of Bitcoin. He said the dollar was the only real currency in the USA. It went further than that. Late in his presidency, the Financial Crimes Enforcement Network (FinCEN) proposed a regulation that would have required financial firms to collect the identity of any cryptocurrency wallet a user sent funds to (in government parlance, an unhosted wallet). At the time, then-Treasury Secretary Steven Mnuchin said: "As the President has said, Bitcoin is highly volatile and based on thin air. We are concerned about the speculative nature."

https://www.axios.com/2024/05/30/trump-crypto-bitcoin-nfts

I think it's cute that you consider that a shameless attempt to win votes...


The first image is named, the second is the 'crowd' at the Bronx rally that the 4/88 campaign claimed had 8-10,000 attendees. 45,128...

 

[bomberfox]

Cryptocurrencies are really speculative vehicles which is why they vary so rapidly in value.

 

[eohrnberger]

https://www.theblock.co/post/297504/biden-campaign-shifts-crypto-stance-engages-crypto-industry-presidential-elections-2024

I don't even think Joe Biden knows what bitcoin is. No one who owns crypto is falling for this shameless attempt to win votes.

. . . .
And 99% of crypto is a grift.

Well, on that sentiment:

It's more like Crypto was supporting Joe (and many others).

Oops. Sam Bankman-Fried's implosion took down Democrats' second-biggest donor with it as the party gears up to regulate crypto.

The CEO of struggling crypto exchange FTX was the party’s second-biggest individual donor in the 2021–2022 election cycle.

fortune.com

​

https://www.axios.com/2022/11/15/ftz-crypto-bankman-fried-democrats-midterms-campaigns

Of course, we all know where Bankman-Fried ended up, yes?

I'd be far more supportive of non-Central Bank Digital Currency than a Central Bank Digital Currency, of course Biden appears to want a US government controlled Central Bank Digital Currency,.

FACT SHEET: President Biden to Sign Executive Order on Ensuring Responsible Development of Digital Assets | The White House

Outlines First Whole-of-Government Strategy to Protect Consumers, Financial Stability, National Security, and Address Climate Risks Digital assets,

www.whitehouse.gov

​

Biden signs executive order that could bring U.S. one step closer to a digital currency

The Biden administration is throwing its support behind further study and development of what would be known as a U.S. Central Bank Digital Currency.

www.nbcnews.com

so that the government can pull Trudeau moves, denying people access to their own money with mere mouse clicks, and it is this I am most NOT in favor of.

 

[Geoist]

Well, on that sentiment:

It's more like Crypto was supporting Joe (and many others).

Oops. Sam Bankman-Fried's implosion took down Democrats' second-biggest donor with it as the party gears up to regulate crypto.

The CEO of struggling crypto exchange FTX was the party’s second-biggest individual donor in the 2021–2022 election cycle.

fortune.com

​

https://www.axios.com/2022/11/15/ftz-crypto-bankman-fried-democrats-midterms-campaigns

Of course, we all know where Bankman-Fried ended up, yes?

I'd be far more supportive of non-Central Bank Digital Currency than a Central Bank Digital Currency, of course Biden appears to want a US government controlled Central Bank Digital Currency,.

FACT SHEET: President Biden to Sign Executive Order on Ensuring Responsible Development of Digital Assets | The White House

Outlines First Whole-of-Government Strategy to Protect Consumers, Financial Stability, National Security, and Address Climate Risks Digital assets,

www.whitehouse.gov

​

Biden signs executive order that could bring U.S. one step closer to a digital currency

The Biden administration is throwing its support behind further study and development of what would be known as a U.S. Central Bank Digital Currency.

www.nbcnews.com

so that the government can pull Trudeau moves, denying people access to their own money with mere mouse clicks, and it is this I am most NOT in favor of.

Of course SBF donated to the Democrats. He knew they were the party he had to worry about when it came to regulations.


Is this you admitting we need campaign finance reform?

 

[Bucky]

Of course SBF donated to the Democrats. He knew they were the party he had to worry about when it came to regulations.


Is this you admitting we need campaign finance reform?

Democrats like Warren want crypto banned in the United States.

 

[Geoist]

Democrats like Warren want crypto banned in the United States.

Warren is an obnoxious Karen. She doesn't speak for me or even most Dems.

 

[Rexedgar]

Are you saying crypto is a grift?

Trump has always been a quick study. His presidency defines it.

Heavy SBF investor, right?

 

[eohrnberger]

Of course SBF donated to the Democrats. He knew they were the party he had to worry about when it came to regulations.

SBF was buying himself legislation and only from Democrats. OK. I'll buy that.

Is this you admitting we need campaign finance reform?

That's a hugely contentious and detailed and far reaching issue worthy of it's worthy thread, if there hasn't been a bunch already.

Of which much has been made of 'Dark Money'.

Democratic dark money juggernaut behind Biden-allied group targeting House GOP

A President Joe Biden-allied nonprofit group aiming to investigate House Republicans next Congress has been almost completely bankrolled by an influential

www.washingtonexaminer.com

​

https://www.cnn.com/2024/03/10/politics/pro-biden-dark-money-group-invs/index.html

​

The Massive Progressive Dark-Money Group You’ve Never Heard Of

Over the past half decade, Democrats have quietly pulled ahead of Republicans in untraceable political spending. One group helped make it happen.

www.theatlantic.com

I'm inclined to agree with you, if this 'dark money' is included.

 

[eohrnberger]

Warren is an obnoxious Karen. She doesn't speak for me or even most Dems.

I think your right on that. I think Warren pitches more to Bernie Bros.

 

[Geoist]

SBF was buying himself legislation and only from Democrats. OK. I'll buy that.

I'm not afraid to say he tried to buy Dems. I don't even consider myself a Dem. I'm willing to call out corruption everywhere.

That's a hugely contentious and detailed and far reaching issue worthy of it's worthy thread, if there hasn't been a bunch already.

Of which much has been made of 'Dark Money'.

Democratic dark money juggernaut behind Biden-allied group targeting House GOP

A President Joe Biden-allied nonprofit group aiming to investigate House Republicans next Congress has been almost completely bankrolled by an influential

www.washingtonexaminer.com

​

https://www.cnn.com/2024/03/10/politics/pro-biden-dark-money-group-invs/index.html

​

The Massive Progressive Dark-Money Group You’ve Never Heard Of

Over the past half decade, Democrats have quietly pulled ahead of Republicans in untraceable political spending. One group helped make it happen.

www.theatlantic.com

I'm inclined to agree with you, if this 'dark money' is included.

Yes, the dark money is a problem. SCOTUS essentially neutered laws/regulations on election money . It's been pretty much downhill from there.

 

[reflechissez]

Trump has spoken about crypto. He is a willing learner and a quick draw.

I give him credit for having an open mind.

This is hilarious.

 

[Geoist]

I think your right on that. I think Warren pitches more to Bernie Bros.

It's the Bernie-or-Busters who irk me (and I'm a Bernie fan).

Warren showed her true colors when she attacked Bernie during the primaries. He never once went after her and you could tell he was heartbroken over it.

 

[Allan]

Cryptocurrencies are really speculative vehicles which is why they vary so rapidly in value.

Caitlyn Jenner issued her own cryptocurrency. I kid you not.

It's going about as well as you'd expect.

 

[eohrnberger]

I'm not afraid to say he tried to buy Dems. I don't even consider myself a Dem. I'm willing to call out corruption everywhere.



Yes, the dark money is a problem.

Agreed. As is unlimited 'soft money'. From my view, all campaign contributions and expenditures would benefit from complete transparency.

SCOTUS essentially neutered laws/regulations on election money . It's been pretty much downhill from there.

The 'neutering' was for unconstitutional aspects of the law, per your citation.
Would you rather have unconstitutional laws on the books and being enforced?
I'd rather not.
I think I'm pretty safe in the position believing that the concerns the deemed unconstitutional parts were trying to address could be re-written and addressed in a constitutionally compliant manner.

 

[eohrnberger]

It's the Bernie-or-Busters who irk me (and I'm a Bernie fan).

Warren showed her true colors when she attacked Bernie during the primaries. He never once went after her and you could tell he was heartbroken over it.

Well, I'm not going to get into that particular within-party squabble.

There's not much in policies from either of them that I find a common chord, but to each their own.