With the upcoming U.S. presidential election, candidate Donald Trump has been trying to win the support of Web3 voters in recent weeks. He posted on the social media Truthsocial yesterday that he has no interest in cryptocurrency companies and those related to this emerging industry. has a very positive and open attitude towards all matters and stated that the United States must be the leader in this field of cryptocurrency, there is no second.
On the other hand, Trump also launched an attack on his rival Biden at the Liberal Party Convention last night. In addition to promising to prevent "Biden from crushing encryption" by ensuring that the future of cryptocurrency is not "pushed overseas" The Currency Crusade":
“I want to say to the 50 million cryptocurrency holders across the country: With your vote, I will keep Elizabeth Warren and her thugs away from your Bitcoin.”
At the same time, Trump also stated that he would commute the sentence of Ross Ulbricht on the first day of his election. Ross Ulbricht was sentenced to life in prison with no possibility of parole for 11 years for founding and running the Dark Web market Silk Road, a case that has attracted significant attention among liberals and some Liberal Party supporters because they believe he The penalties are too harsh and they are critical of internet freedom and government interference.
Trump has been deliberately trying to attract pro-cryptocurrency voters with his many comments over the past few weeks. The former president made pro-cryptocurrency comments at a Trump NFT holders dinner at Mar-a-Lago earlier this month. Then last Tuesday, Trump’s presidential campaign began accepting cryptocurrency donations.
Meanwhile, the Biden administration’s opposition to cryptocurrencies and the stance of the traditionally anti-crypto SEC appear to be softening in the wake of Trump’s pro-crypto rhetoric and actions.
Last Wednesday, the White House issued a statement expressing its opposition to the House’s passage of the crypto market structure bill, but Biden himself did not threaten to veto it. The House subsequently approved the bill and will now go to the Senate. Then last Thursday, the U.S. Securities and Exchange Commission (SEC) approved the 19b-4 filing for the Ethereum ETF. Although this does not mean that the Ethereum spot ETF can be listed for trading immediately, it is still a major step towards listing in the United States. .
