Trump plans to speak at the Bitcoin 2024 conference, Biden is bringing back crypto-friendly staff, and is making a full-court press for the Web3 vote.

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The U.S. presidential election will be officially held on November 5 this year. Both current President Biden and former President Trump have recently been actively wooing young votes from Web3. In particular, Trump, in addition to accepting Bitcoin as a political donation, has frequently publicly praised Bitcoin. currency , promising that if he wins the election, he will end Biden's war on cryptocurrencies and ensure that the future of cryptocurrencies and the future of Bitcoin are "created in the United States."

Trump may speak at Bitcoin Conference 2024

The latest news from Axios today (25th) pointed out that two people familiar with the matter revealed that Trump is discussing attending the Bitcoin 2024 conference hosted by Bitcoin Megazine at the end of July and participating in the largest Bitcoin conference of the year to be held in Nashville , Tennessee. Speech at the summit.

Trump is not the only US presidential candidate planning to go to Bitcoin 2024. Another independent candidate, Robert J. Robert F. Kennedy Jr. will also give a speech. Other politicians who will be speakers include Vivek Ramaswamy, an entrepreneur who dropped out of the Republican primary election at the beginning of the year and is quite pro-cryptocurrency, as well as Republican Senators Bill Hagerty and Marsha Blackburn.

Further reading: Trump: I will ensure Bitcoin Made in USA and end the cryptocurrency war launched by Biden

Lead author of Biden’s cryptocurrency executive order returns to White House

In contrast to Trump, who has recently actively embraced cryptocurrencies, Biden's stance, which has always been regarded as unfriendly to cryptocurrencies by the crypto, has taken a sharp turn recently.

In May, the U.S. Securities and Exchange Commission (SEC) unexpectedly approved key documents for the Ethereum spot ETF. It was reported that it was due to the political decision of the White House. Recently, it was also rumored that Biden would follow Trump's example and accept cryptocurrency as a political donation . The Biden campaign team also It has been reported that in recent weeks, it has begun to contact cryptocurrency industry , seeking guidance on "encryption community and policies."

Today (25th), according to Decrpyt, the White House rehired Carole House as the special adviser for cybersecurity and critical infrastructure policy at the White House National Security Council.

Carole House|Source: Coindesk

House previously served as the Director of Cybersecurity and Digital Innovation at the White House National Security Council from 2021 to 2022. She was also one of the main drafters of the cryptocurrency executive order signed by Biden in March 2022 , and was promoted to the White House in the Biden administration. The industry is regarded as an important official who is relatively supportive of cryptocurrency. After leaving the White House, she served as a resident executive of cryptocurrency venture capital Terranet Ventures. Last year, she also served as the chairperson of the CFTC’s newly established Technology Advisory Committee , which also includes many members of the cryptocurrency industry. Large industry players and executives join.

House, a core digital innovation official, has now returned to the White House, which is also interpreted by the outside world as a potential sign of the Biden administration's redeployment of cryptocurrency policy. House said in a Linkedin statement last night:

It is an honor to be asked to return to the White House to perform the absolutely critical tasks necessary to shape the future of a secure and trustworthy digital economy.

Biden administration attends Bitcoin roundtable

In addition, it is worth mentioning that Bitcoin Magazine broke the news in the middle of the month that Biden administration officials will attend the Bitcoin and Blockchain Roundtable hosted by US Democratic Representative Ro Khanna in Washington, DC in early July.

A private email from Khanna’s office described the roundtable as “the most important meeting to date between policymakers and innovation leaders in the blockchain space,” and is expected to include Biden administration officials, Senate lawmakers As well as NBA Dallas Mavericks owner Mark Cuban, a long-time supporter of cryptocurrency, the main goal of the meeting was to develop strategies on how to "maintain Bitcoin and blockchain innovation in the United States."

The industry also views the upcoming roundtable as one of the important signs of the changing attitude of the US government and Democrats towards the cryptocurrency industry.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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