Author: Kevin Reynolds Source: coindesk Translation: Shan Ouba, Jinse Finance
Donald J. Trump reinforced his recent support for cryptocurrencies today, posting on social media: "I have a very positive and open mind toward cryptocurrency companies and all things related to this emerging industry." With the upcoming presidential election, both parties appear to be vying for voters who support cryptocurrency.
"Our Country must lead in this area, not come in second," Trump wrote on Truth Social ahead of his speech at the Libertarian Party National Convention in Washington, D.C. later today.
Trump then attacked his rival: “In contrast, Joe Biden is the worst president in the history of our country and he wants cryptocurrency to die a slow and painful death.”
Washington has become noticeably softer on cryptocurrencies since Trump made a deliberate effort to court pro-cryptocurrency voters. First, the former president made pro-crypto remarks at a Mar-a-Lago dinner earlier this month. Then last Tuesday, Trump’s presidential campaign began accepting cryptocurrency donations, fulfilling the presumptive Republican nominee’s promise to become the first major party candidate to accept Bitcoin, Ethereum and other digital currencies.
Following Trump's pro-cryptocurrency rhetoric and actions, the Biden administration's opposition to cryptocurrencies and the traditionally crypto-opposing Securities and Exchange Commission appear to have softened. Last Wednesday, the White House issued a statement opposing the House's passage of the Cryptocurrency Market Structure Act, but Biden did not threaten a veto. The House went on to approve the bill, which will now go to the Senate. Then last Thursday, the Ethereum exchange-traded fund (ETF) took a major step toward listing in the United States after receiving approval of key regulatory documents from the Securities and Exchange Commission. A month ago, such approval was considered extremely unlikely.
