Trump’s Support for Crypto
Former President Donald Trump has pledged to support cryptocurrency companies if re-elected. He believes the US should lead the global crypto industry and is open to the potential of digital assets.
Biden’s Shifting Stance
In contrast, President Joe Biden’s administration has taken a more cautious approach to crypto regulation. However, recent approvals of Ethereum ETFs and the passage of the FIT Act suggest a possible shift in policy.
Crypto Voters and the Election
The US has a significant number of crypto users who will likely influence the election. Trump’s support for crypto may appeal to these voters, while Biden’s administration’s actions could be seen as attempts to gain favor.
Trump’s Previous Crypto Moves
Trump has previously expressed support for crypto, launching an NFT collection and accepting campaign donations in cryptocurrencies. These actions indicate his commitment to the industry.
Biden’s Alleged Opposition
Trump accused Biden of opposing the crypto industry, suggesting that his administration would take a different approach to ensure its development.
