Decoding what President Trump said?
"Trump save it"
Two posts by President Trump last week. But the price of $BTC still fell to 73k, even though this was a post that had a fairly large impact on the crypto market.
"He criticized Gary Gensler, the anti-crypto army, and the party members who are opposing prediction markets."
But because of that, President Trump’s intention is for the United States to become a country that moves crypto from a rebellious fringe into something the state can supervise and exploit.
"America is now the crypto capital of the world"
This means: the United States wants to become a place that attracts builders, stablecoins, prediction markets, perpetual markets, rules, and liquidity within U.S. territory.
Trump mentioned the CFTC, but he wants exclusive authority over prediction markets, meaning he supports the CFTC in resisting federal efforts to regulate prediction markets as gambling.
(shift from local law/gambling to a federal derivatives market).
So we can infer that:
- The CLARITY Act / Digital Asset Market Clarity Act will be the main axis
- The CFTC will be elevated into the central agency for crypto commodities, perpetuals, and prediction markets.
- Prediction markets will be legalized at the federal level.
- Crypto will become a channel to attract global demand for USD and U.S. Treasury bonds.
- AML will increase governance and control over wallets/exchanges.
"Trump save it"
Two posts by President Trump last week. But the price of $BTC still fell to 73k, even though this was a post that had a fairly large impact on the crypto market.
"He criticized Gary Gensler, the anti-crypto army, and the party members who are opposing prediction markets."
But because of that, President Trump’s intention is for the United States to become a country that moves crypto from a rebellious fringe into something the state can supervise and exploit.
"America is now the crypto capital of the world"
This means: the United States wants to become a place that attracts builders, stablecoins, prediction markets, perpetual markets, rules, and liquidity within U.S. territory.
Trump mentioned the CFTC, but he wants exclusive authority over prediction markets, meaning he supports the CFTC in resisting federal efforts to regulate prediction markets as gambling.
(shift from local law/gambling to a federal derivatives market).
So we can infer that:
- The CLARITY Act / Digital Asset Market Clarity Act will be the main axis
- The CFTC will be elevated into the central agency for crypto commodities, perpetuals, and prediction markets.
- Prediction markets will be legalized at the federal level.
- Crypto will become a channel to attract global demand for USD and U.S. Treasury bonds.
- AML will increase governance and control over wallets/exchanges.
