Is Biden Revising His Stance on Crypto?
President Joe Biden’s administration is engaging with key figures in the cryptocurrency sector, seeking insights to better understand the community’s sentiment, as reported by The Block, citing anonymous sources.
On this page
President Joe Biden's administration is engaging with key figures in the cryptocurrency sector, seeking insights to better understand the community's sentiment, as reported by The Block, citing anonymous sources.
This move follows backlash over a White House statement indicating Biden would veto a resolution against the SEC's crypto accounting guidelines.
Biden appears to be reconsidering his approach to the crypto industry, recognizing its growing political significance, especially ahead of the 2024 presidential elections.
Interestingly, Donald Trump, known for his initial negative views on cryptocurrencies, also significantly changed his stance over time, even launching his own NFT collection.
This comes amid a broader shift towards cryptocurrency regulation in the U.S. The country recently passed the landmark FIT21 bill with bipartisan support, tallying 279 votes in favor and 136 against. This legislation aims to clarify crypto regulations and curb the SEC’s authority over the cryptocurrency market.
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
