According to The Block , people familiar with the matter revealed that U.S. President Biden’s re-election campaign has begun to contact cryptocurrency industry participants to seek guidance on “the cryptocurrency community and cryptocurrency policy moving forward.”
If true, it is obviously hoping to reverse the previous impression of the cryptocurrency industry that the Biden administration is unfriendly to the Web3 industry. According to people familiar with the matter, this contact marks a major change in Biden's position. In the past, he has kept a certain distance from the encryption industry. .
It is understood that the Biden team started such contact work (including cryptocurrency technical experts and some industry insiders) about two weeks ago. This comes at a time when the Biden camp is increasingly aware that cryptocurrency-related issues may have an impact on the election. Make an impact.
A clear example is regarding Congress’s bill to repeal the SEC’s Staff Accounting Bulletin on Crypto-Asset Custody and Recognition (SAB 121). Biden had previously threatened to use his veto power to prevent the bill from passing smoothly, but later changed his tune and said There will be no veto on this.
The Race to Win Crypto Voters with Trump
On the other hand, former U.S. President Trump has recently made frequent remarks that are friendly to cryptocurrency, emphasizing that if elected as president, he will protect the rights of the 50 million cryptocurrency holders in the United States. And he will never allow the creation of a central bank digital currency. The Trump campaign also announced on the 21st that it will accept cryptocurrency donations, which greatly encouraged the crypto.
Extended reading:Trump’s big move: If you support Crypto, vote for me! Will fully embrace cryptocurrency after being elected
While this is in stark contrast to Trump's stance in 2021, when he called cryptocurrencies a "very dangerous thing," the Trump campaign, like the Biden campaign, is now pushing for a more aggressive stance on digital assets .
A source in Trump’s inner circle with ties to the cryptocurrency industry said:
They have very smart and capable people advising on this and people are already seeing some results and will see more in the coming months.
People familiar with the matter said that the Biden campaign team’s contact with participants in the crypto has been well received by many people in the crypto. However, some industry participants are still skeptical, believing that this contact is too little, too late, or worried that it is just them. Blank checks to attract votes.
Biden sends presidential delegation to El Salvador's presidential inauguration
At the same time, Biden announced on the 29th that he will send a presidential delegation to attend the inauguration ceremony of President Nayib Bukele of El Salvador this Saturday, and El Salvador is recognized as a Bitcoin country (in September 2021 Officially classifying Bitcoin as a legal tender and actively promoting a number of Bitcoin policies, including developing wallets, launching investment citizenship plans , investing in Bitcoin every day , using volcanic geothermal energy to mine Bitcoin , etc.)
Whether this attendance can be seen as another evidence of his improved attitude towards cryptocurrency has also triggered discussion in the community.
