With Trump’s election, Bitcoin enthusiasts are optimistic about the future of Bitcoin in the US. Bitcoin’s price continues to rise, but it’s important to maintain the ability to transact privately and anonymously. Former presidential advisor Pippa Malmgren emphasizes the need to stay vigilant, as the government could easily require users to declare their crypto assets.
The Trump administration may be more friendly to Bitcoin than the Biden administration, but regulatory details remain unclear. The Tornado Cash case suggests that AML/KYC requirements for Bitcoin users may increase. To protect Bitcoin’s core value, it’s crucial to support efforts to legally defend the right to transact peer-to-peer without providing identifying information.
Stay vigilant and be ready to push back if necessary.
