Except for these two, all other Trump's promises on encryption have been fulfilled

Source: C Labs Crypto Observation

I have to say that Trump is still very reliable and keeps his word~

During the campaign, Trump made these promises about encryption:

• Fire SEC Commissioner Gary Gensler.

  Fire the current SEC chairman on his first day in office
  

• Introduce a national strategic Bitcoin reserve.

  Establish a national strategic reserve of Bitcoin
  

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

  Establish a presidential committee on Bitcoin and encryption to involve 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 world's crypto capital

• Remove capital gains taxes on Bitcoin transactions.

  Cancel capital gains taxes on Bitcoin transactions

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

  Ensure that the U.S. will not issue a CBDC

Now, SEC Chairman Gary Gensler has officially announced that he will resign on Trump's first day in office.

And yesterday the head of the Presidential Cryptography Advisory Committee was also designated. Although he is an athlete, he is a young person born after 1995. He should be much more familiar with cryptography than the old stubborn people in the traditional financial industry~

The mining cost in the United States is indeed very low now. The electricity cost of our beautiful mining farm in Arkansas is only 5 cents~

Now that the US policy is friendly, the whole world is watching the US, and cryptocurrencies are all settled in US dollar stablecoins. As long as the US does not act recklessly, it will naturally be the capital of cryptocurrencies.

Feel sorry for the "former crypto capital"

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

Trump currently has two big moves:

One 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 in progress, but it will not be so fast during this period. In addition to the support of the president, it also requires the approval of the Senate and the House of Representatives.

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

Because the strategic reserve of Bitcoin is the most concerned Trump campaign promise in the crypto circle, I believe he will not let everyone down on this point~

Another promise that has not yet been fulfilled is to cancel the capital gains tax on Bitcoin transactions.

If this can be achieved, it will be a nuclear-level benefit, because for large American investors, the capital gains tax for short-term cryptocurrency speculation is as high as 37%!

During his last term, Trump reduced the US corporate income tax from 35% to 21%, and the whole process brought the US stock market a long bull market for several consecutive years~

I believe that the capital gains tax of Bitcoin can also have the same effect!