These Elections Mean More Than You Think For Crypto

I've been very adamant about who gets elected this season in the USA for president that it's going to play major parts on crypto either pro or against it and that seems to be sharpening up as we head into the last month before elections take place.

*This article is for entertainment purposes and are of the writers own opinion. Do your own research and consider the risks before investing.

It's very clear that Trumps vision is to have the USA invested and at the forefront of cryptocurrency which once governments get involved with crypto it's honestly a to the moon scenario in my opinion.

However on the other side of it is Harris which has been very reluctant to say anything really positive about crypto and in fact has just made it very clear before elections that she's going to be anti crypto. This comes with the recent proposal by her and her team about unrealized gains tax. Yep the government once again trying to take more and more money because they need it for their overspending. We should all be on board with reducing dependence on government and increasing our dependence on ourselves and others closely around us such as state, local and community above all else.

We also know the current administration has done EVERYTHING they could to stop crypto as much as possible including SEC attacks that still continue and wont stop until a pro crypto leader is put into place.

This is also a proven theory when we look at other events that many thought were once again conspiracy theories to actully being true. That's governments putting a chock point on crypto via banks in which they issued rules to make it impossible or near impossible for fiat banks to allow for transactions of crypto to buy the assets.

I still run into this myself at times why trying to buy something that is either crypto related or a crypto asset. Because really when you buy a ETF you're not physically in control of that asset of bitcoin or Ethereum the company that you're buying the ETF off of is suppose to buy and hold it and you're trusting they are. This makes it so the asset can't really be traded or used for anything so there's big negatives to really having your money in a ETF for crypto.

We have also seen this attack happening at the level with the likes of Elizabeth Warren who is clearly anti crypto and jumped on the bandwagon in terms of attacking FTX and using that whole thing to make an example of of Silvergate bank. This then spilled over to what we have today where once again banks are warrened to not do business or deal in crypto an oversight in terms of government oppressions on the crypto space.

Normally banks like Silvergate go through a liquidation phase and it's why we see other banks constantly either bailed out or bought up by larger banks. However it was clear that a few higher ups in the white house needed to make an example out of silvergate and that's exactly what they did.

This also comes down to regulators in these sectors such as the SEC etc can shut down a bank for legit any reason so behind closed doors you damn well know these things are happening and the threats have been put into place on banks to be very wary and not use crypto or involve themselves with it.

The other factor is fines and other court cases. The SEC is a arm of the government which has lawyers and everyone needs to get paid. The way they do this is via tax money and also lawsuit claims in fines that are issued out and boy did the SEC send out a ton of them before major players that had the funds fired back. This caused the SEC to then lose case after case which at least to me makes it really clear that any of the SEC fines around this topic were unjust and collected in fear. It's a hand the SEC continues to play to this day now against NFT companies.

Oh but that's not all don't you recall just a few years ago and still even to this day that crypto is used by drug dealers and human trafficker's I mean even terrorist where being funded by only crypto during the first days of the Israel Hamas war and is still something we continue to see brought up even though we know very well that FIAT currency in particular the USD plays a much larger factor in it all.

It should be clear that without some major shake up not just at the higher levels but throughout the white house and it's arms that the USA government will continue to only keep removing freedoms for the USA citizens and tax them heavier. To say otherwise just blows my mind.

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