200 Days Of The Bitcoin President — Is Donald Trump’s Second Term Cause For Celebration Or Concern?

Donald Trump has held his position as head of 47 for the United States since January 20, 2025. In a little more than 200 days, it seems that the time is right for extraction, as the “President of Bitcoin” paved the way to make the United States announce “The capital of encryption in the world“And where will we go from here.

First, under Trump’s second presidency, many actors in the prominent industry witnessed positive results of the legal problems they faced in previous departments.

The founder of Terra/Luna Do Kwon has reached an agreement with the Ministry of Justice, where he was found to be guilty in only two of the total accusations of the loss of investors over the age of 40 billion dollars throughout the days. The second circle canceled the condemnation of the former Opensea product manager Nathan Chastain for the interior. SEC dropped its cases against the exchange of Coini and Coinbase, Stop Against Binance and It is said He ended her investigations into Consensys, Robinhood and Uniswap.

Meanwhile, the founder of Tron Justin Sun, who did not face charges by the Supreme Education Council for the submission of unregistered securities but was It is said It is also subject to an investigation into the Ministry of Justice now Eating With the president.

On the organizational side, things are also looking, as everyone and their mother announced their plans to issue Stablecoins from Ripple to Wyoming, thanks to the only legislative body that has so far reached the law: the so -called genius law. Although we still have any idea about the amount of Bitcoin that the United States government preserves, as it seems that 200 days are not enough to collect a comprehensive review, the chanting of the Bitcoin strategic reserve continues-with the exception that the government does not have any plans to actually buy Bitcoin, but it will mutate it from seizing it, well, you.

Everyone is a money sending device

The most important thing is that each of the above -mentioned industrial players depends greatly on the development of open source technologies. Without the open source, one of the aforementioned platforms will not have anything that is being traded, not to mention the construction. For open resource technology developers, the president’s plans appear more than bleak.

In July, the samurai Keon Rodriguez and William Hill developers admitted that they were guilty of conspiracy. Run the unlicensed money transfer workIn the face of up to five years in the federal prison. A week later, Tornado Cash Roman Storm was condemned by a jury in the southern region of New York of the same crime.

The Judicial Prosecution continued despite a memorandum issued by the Deputy Prosecutor Todd Blanche in April, which was widely celebrated to put an end to the Ministry of Justice’s attempts to establish new laws through judicial prosecutions that explicitly call the Ministry of Justice to no longer software developers’ charge for their users ’actions. While celebrating it on a large scale, the memo left a large space to continue these prosecutions that were reliable, such as the Trump administration promises to launch the Epsin menu.

The regulatory clarity of developers has since been at the lowest level ever. According to the results at Samourai Wallet and Tornado Cash, fees may not be imposed on non -Wasim program developers that there is no money transfer license, but they are maybe Fees are imposed on illegal returns. Therefore, is the developer of the non -guardians of money transmitting devices that may face criminal charges in the United States? Your guess is good like me.

What is clear is that the ruling against the Roman storm has placed the so -called convincing precedent, which means that anyone who builds tools of non -trustee can be charged with a federal crime according to the discretion of the Ministry of Justice.

Presenting the Patriot Law to digital assets

In terms of digital asset legislation, the last months were also troubled. While the genius law was very expected-although it can be said that it is more than that by those who wear allowances and those who pay their price-the door was also opened to the application of the bank’s secret law, a law that imposes anti-money laundering requirements and KYC.

While the genius law officially records certain rules for the stablecoin exporters as financial institutions, the Ministry of Treasury has since requested a public comment on the application of digital identities on the so -called Defi services regarding the law of genius that requires non -guardians to verify the user identity accreditation data before implementing transactions.

In general, the idea of ​​a treasury is that it behaves according to one of Trump’s first executive orders Promote American leadership in digital financial technologyWhich aims to enhance “responsible growth, use of digital assets, Blockchain technology and relevant technologies” – keywords “responsible”.

What is meant by this “responsible” growth was Finally revealed In the first report on the origins of the digital house in the White House last month, the conference tasks to create new sub -categories in the banking company of digital assets, in addition to the Fincen demand to consider the following steps at the base of the Biden era mixer: these regulations that would prohibit any opportunity to a large extent in the privacy of transactions, including the use of new addresses other than Rick.

If this may seem unconstitutional for you – since then, you know, Speech symbol In this country – I regret to inform you that where we are going, we will not need a constitution. Most of the ideas that the president floats under the Patriot Law, which has asked the White House from Congress to expand specifically to digital assets – and the Patriot Law beats the constitution every time, which is largely intended.

In short, Bitcoin may seem great on paper, but in reality, the environment for the development of the code in the United States was not more hostile. The Trump administration must significantly change the path if it aims to fulfill its promises to Bitcoin users.

Until then, it seems that we will advise well to issue caution when the government invites us to “return home” to build our services in the coding capital in the world, as you may only see it from inside the prison cell.