The idea would be to help the crypto industry create jobs. You might not tax it with CGT but certain services will move to the blockchain and you can have VAT, income tax, etc on that.
However you would need to believe that crypto has a future which I think many in Europe do not but will surely slowly change to follow in the US's footsteps. Be too late by then of course.
EU would never do this even if it was legislated in US. Why would governments in europe care about crypto if they're not making money off it in tax themselves?
Ah that BTC dip last night was enjoyable. Got out last Thursday at 104k. Spotted it at 99k last night so I jumped back in. A nice gain to wake up to on a Monday morning:)
Rumours abound Trump is going to create a list of US Government approved Crypto's made in the USA that will not be subjected to CGT in the USA, if true we can expect these crypto's to pump like crazy and those not on the approved list will dump hard.
If in the USA why buy crypto not on the approved list that is subject to CGT ,it will kill off non US crypto in one fell swoop.
Its will completely corner the market and have it dominate by US crypto, unless the rest of the world follows suit and abolishes CGT on crypto.
Fingers crossed its true and CGT is abolished, might take a few months but the EU will have to do the same or be left behind.
I suppose this is part of my issue - there is no sign of an Executive Order dealing with crypto amonst the hundred or more of those that Trump is set to sign this week. Plenty of time for him to launch shitcoins, but nothing concrete on a crypto strategic reserve. You'd have to wonder if he just sees crypto as a milking machine to fether his own nest.
There are huge market expectations now built in based on his vague crypto policy. If it just amounts to launching shitcoins and memeing then we could be in for a bleak couple of years when the dust settles and the pump and dumps deflate. A lot of work has been done to dispel the 'wild west' notion of crypto in recent years but this makes a bit of a mockery of those efforts, tbh.
Most of the next 4 years will be a bear market unless it drastically changes behaviour which it hasn’t since it started
It has sucked some of the liquidity out of alts but it was the same a few weeks back when memes took off, the size of these have shaken the market but we will get back to normal fairly soon, I’m not a memecoin fan at all but they are short term money printing investments when getting in anywhere near early enough so it’s difficult to pass up the opportunity.
At the end of the day this is what it’s like having a pro crypto president, I had thought Trump would just mention crypto/bitcoin here and there to keep that section of voters happy, but he’s front and centre now and if he drives BTC price 200k and beyond with a strategic reserve then fcuk it he can have as many sh1tcoins as he likes. I don’t think people fully understand this, if trump goes all in on BTC then the rest of the world follow, this has the potential to be epic.
Is anyone else feeling very uneasy with the messing Trump is at with his shitcoins? This is the first time in a long, long time that I've thought about cashing out completely. There is a lot of mania with the two coins. It's a blatant pump and dump that will end in tears for many and I fear it will tarnish the entire crypto ecosystem. It seems to have dragged in a whole cohort of people who aren't usually peddling in shitcoins.
Is this what he will be at for the next four years, wheeling out shitcoins and promoting instability? I was optimistic that we were in for some steady gains with the administration allegedly promoting crypto, but I ain’t liking what I’ve seen over the last couple of days.
it ain't free, it's someone else's cash.
Oh and I agree, crypto is going to be fantastic for us over the next 4 years, all that money piling in
I don't believe in skimming profit off the top. Be greedy.
Your waaay overthinking this, think of it as a free money glitch, and with the big dog back now there are only fun times ahead.
BTW, this is where I got the idea for $TRUMP coin
https://www.youtube.com/shorts/8SYIksrZeu4
Create a coin, keep 80%, sell some of the other 20% to thickos …. profit
Are you in the blue haired brigade? Or just coining a term for those who don't hold any crypto, yet post here at any sniff of a retracement?
That's great and I made a killing on AI alts earlier last year.
I was pointing out the mechanism by which we're all making money. Taking it from each other. Some aren't aware of this and believe some of the lines like "we're all making money" and "a rising tide lifts all boats".
And within crypto circles the worst, most scummiest crime is to release a shitcoin where someone holds massive supply. Which Trump has just done. One of Trump's advisors just launched a Tiktik coin and then rug-pulled it within one hour.
It could be a day to skim nice profit off the top
. . . would this be an easy way for him to receive a massive Chinese bride . . .
JJayoo wins typo of the day
Just to correct this, while your here with the same oul spiel I’ve just doubled my money on Melania, the toughest part of this was actually having to resend the transaction due to failures, less typing on boards Dohn and more hitting the send transaction button on solana, as frustrating as it can be, would make you a much happier person.
Someone is going to get corn holed and it won’t be the blue haired brigade.
Just to correct this. We don't make money we exchange money. You take mine or I take yours (while nothing gets produced)
Of course if I made a coin where I owned 80% of supply, the game is rigged in my favour. And that's fine, being a huckster is a part of this.
You need to do your research and try to understand the tech and economics Dohnjoe. The coin is capped at a fixed maximum number of coins. This is not like fiat money where they just keep printing more and more and causing evil inflation. This means that it can only ever go up in value…………..I read the above on twitter so it must be true
There’s an opportunity for people to put their feelings and politics aside and make some money, but will they do it, no, why, because people be peopling.
I beg your pardon. Melania is a pump and no dump.
No wonder Andressen and the tech bros are creaming themselves, with the increased “free speech” being made available I see a golden age for bag holders.
And the Melinia coin looking just like a pump and dump
Jesus solana is an absolute piece of junk at these times, unusable
"is this how he plans to support crypto"
ahem
This is the funniest thing I've ever seen,🤣 her husbands coin just lost third its value after she announced hers. Wtf is going on, is this how he plans to support crypto. It's a great way of draining liquidity tbf.
It's great, it's peak crypto. I can see all the script-writers uncomfortably trying to explain this one, the best line so far is "it's just a bit of fun to show support".
80% of supply means he can milk hundreds of millions or billions of people's money over the next years in a slow measured sell. Or just rug-pull the lot. Whichever suits.
Are you sure its not a scam - so many things wrong with it
https://x.com/MELANIATRUMP/status/1881087523847593995
The Official Melania Meme is live!
The Trumps are going all in. What a mad weekend.
![Photo of [Deleted User]](https://w8.vanillicon.com/v2/877aa92d1fda3704e03b5aa206affea2.svg)
