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10 sats \ 2 replies \ @tomlaies 1 Dec \ on: Bloomberg: Trump Demands ‘Commitment’ From BRICS Nations on Using Dollar bitcoin
Trump wants:
- remove capital gains tax from cryptocurrencies issued by us companies which doesn't include Bitcoin
- defends the US dollars role in the world economy while CBDC-ification is currently programmed into the Dollar
- Sold NFT pictures of himself on shitcoin scamchains.
Anyone who still thinks Trump was pro-Bitcoin is delusional. I have nothing but contempt for people supporting whatever is contrarian&edgy no matter what.
How can companies issues currencies?
If an asset has an issuer and the general public can buy to 'invest' in it...
Then it probably passes the Howie test. In which case it's a security.
If it's unregistered and a security, then it's an 'unregistered security' which is illegal in the United States.
Bitcoin has no issuer and therefore is neutral and this doesn't apply.
However, everything else???