US National Security Advisor: Trump Says He Will Support Cryptocurrencies
As journalists and late-night talk show hosts flip through John Bolton's forthcoming《The Room Where it Happened》While doing so, they found some interesting stories, and they even found something about Bitcoin.
Anecdotes in Bolton’s book suggest that President Trump has at least an aversion to bitcoin, a phenomenon that dates back to May 2018, when the president denounced the way Treasury Secretary Steven Mnuchin was conducting trade talks, Bolton took notes as the scene broke up:Trump says: Don't be a trade negotiator...
Trump seems to know that China controls Bitcoin, but Mnuchin doesn't care, and he never pursued Bitcoin. really,Trump has backed Bitcoin and Ethereum to create America's cryptocurrency.This happened even as China tightened its grip on Bitcoin and Ethereum mining.
It started on June 14, 2018, when Bill Hinman, director of the SEC's Division of Corporate Finance, announced on Yahoo a surprising new policy for the two crypto securities.
“As with bitcoin, there doesn’t seem to be much value in applying the disclosure regime of the federal securities laws to ethereum’s current transactions,” he said, adding that they may start out as securities but end up being decentralized for anyone enterprise.
On November 16, 2018, the SEC released the "Statement on the Issuance and Trading of Digital Asset Securities”，More institutionalized support for Bitcoin and Ethereum.The statement singled out security enforcement measures involving AirFox, Crypto Asset Management, Paragon, TokenLot and EtherDelta founder Zachary Coburn, but it went on to bless Bitcoin and Ethereum.
This divides the cryptocurrency community into three categories: the bad guys in the penalty box, the good guys who are free (Bitcoin and Ethereum), and the rest of the pack, so what if you're a developer? Where will you bet?
see this,China has doubled down on support for Bitcoin and Ethereum mining.A December 2019 report revealed that CoinShares studied bitcoin hash changes, and they found unprecedented activity in China.
While China has given mixed signals about its support for blockchain, it has quietly allowed miners access to some of the cheapest electricity in the world to mine bitcoin and ethereum.
CoinShares stated: “As much as 65 percent of Bitcoin's hashrate is located in China, the highest level since network monitoring began in late 2017.”
Most of this is in Sichuan province, where 90,000 megawatts of hydroelectric power is produced. CoinShares stated: “Sichuan alone generates 54% of the global hashrate, with the remaining 11% split almost evenly between Yunnan, Xinjiang, and Inner Mongolia.”
At the same time, it was reported thatChinese computer makers are supplying these miners with the best new chips and hardware.CoinShares also found that Beijing-based computer maker Bitmain controls 66 percent of global crypto mining operations, including high-powered machines launched in 2018 for ether mining.
To be sure, the position of Ethereum’s hash rate is not well studied, but'Pool' Concentration Suggests Ethereum Is Dominated by Chinese Miners。
The Trump administration’s refusal to provide a clear regulatory framework for any other cryptocurrencies has given a boost to Bitcoin and Ethereum, and now China has control over both.
It is fair to say:The original text comes from the English version of Forbes, which has been abridged and compiled by the Bluemountain Labs team. The English copyright belongs to the original author. For Chinese reprint, please contact the compiler.
The original text comes from the English version of Forbes, which has been abridged and compiled by the Bluemountain Labs team. The English copyright belongs to the original author. For Chinese reprint, please contact the compiler.
