- Trump pledges to end Joe Biden’s ‘war on crypto’ if elected.
- However, Biden is reportedly countering Trump crypto with a planned blockchain roundtable in early July.
As a researcher with a background in financial markets and technology, I find the ongoing battle between Trump and Biden over crypto and blockchain policy an intriguing development. The stances of both candidates have significant implications for the future of digital currencies and the broader fintech landscape.
Donald Trump, the Republican Party’s presidential nominee, has pledged to put an end to Joe Biden’s perceived hostility towards cryptocurrencies and secure the future role of Bitcoin [BTC] within the United States.
During a meeting held on the 14th of June, Trump’s position regarding cryptocurrencies was made clearer as he criticized Biden on this matter.
“I intend to put an end to Joe Biden’s hostile stance towards cryptocurrencies. We will champion the development of crypto and Bitcoin right here in America.”
Last week, I attended a roundtable meeting at Mar-a-Lago hosted by the former president. This gathering included prominent figures from the top Bitcoin mining companies based in the United States.
In a recent gathering, Trump voiced his support for Bitcoin mining. With this action and his previous advocacy, Trump is gaining recognition as the pro-Bitcoin contender in the U.S. presidential race.
Biden counters growing Trump crypto support
In my latest conversation with Scott Melker on “The Wolf of All Streets,” I, Denis Porter, the founder of Satoshi Action Fund, emphasized once again.
“Bitcoin issue is definitely putting Trump in a better position to win’
Put differently, Bitcoin has become a key issue in US presidential elections.
In response to Trump’s engagement with the crypto world, my team and I organized a blockchain roundtable for Biden’s campaign in early July.
According to reports, US Congressman Ro Khanna is set to lead a gathering with attendees from the Biden administration, legislators, and influential business figures such as Mark Cuban in attendance.
The SEC, under the Biden administration’s leadership, has taken a stern stance towards the crypto market. Notable crypto and Decentralized Finance (DeFi) companies like Uniswap, Robinhood, and MetaMask have encountered regulatory scrutiny from the SEC.
As a researcher studying the intersection of politics and cryptocurrency, I’ve observed that Trump’s advocacy for crypto assets has compelled the Biden administration to reconsider their initial approach to this emerging technology.
Regarding Bitcoin’s pricing, Mike Novogratz of Galaxy Digital expressed confidence that the cryptocurrency could surpass its current price ceiling and reach $100,000 if there is significant improvement in regulatory clarity within the United States.
As an analyst, I find it intriguing to observe how campaign pledges may transform post-elections, irrespective of the winning candidate.
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2024-06-18 08:39