Cryptocurrencies are now an issue in the presidential campaign in the United States. Faced with Donald Trump who wants to be the “crypto president”, Joe Biden is starting to take an interest in the subject. He would soon hold a roundtable discussion with industry experts, according to a report.
Joe Biden forced to devote himself to the cryptocurrency sector?
In the United States, to say that the Democratic government has been hostile to cryptocurrencies is an understatement. The ecosystem has indeed been mishandled from a regulatory point of view for yearss, in particular by the Securities and Exchange Commission (SEC). But the tide seems to be turning.
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Rumors are already claiming that it was Joe Biden who forced the SEC to approve spot ETH ETFs. And it now seems that the candidate is looking at the case of cryptocurrencies in general. According to our colleagues from Bitcoin Magazine, a round table bringing together representative Ro Khanna and renowned investor Mark Cuban will indeed take place soon.
The goal ? “Keeping Blockchain and Bitcoin Innovation in the United States. » An ambitious program, which is at the extreme opposite of what has been the trend in recent years. Many crypto companies have in fact left the territory due to lack of regulatory clarity. And the numerous legal battles with the SEC have heated up others.
In other words, just like Donald Trump before him, Joe Biden appears to be making an about-face on blockchain and Web 3.
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A round table to discuss blockchain
Within this round table, we will find senior officials from the Biden administration, members of the House of Representatives, as well as the Senate. According to Ro Khanna, who initiated this announcement, this is a key moment:
“This is the most significant meeting to date between policy makers and leaders in blockchain innovation. »
This is of course a response to Donald Trump, who first announced his own “crypto roundtable”. The latter had addressed the subject of cryptocurrency mining in particular. The change of direction is significant for Joe Biden, who until now did not seem interested in the existence of cryptocurrencies.
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This, accompanied by the explosion of memecoins linked to American politicians, has an effect: put cryptocurrencies at the heart of the American presidential campaigne. This is a first for the ecosystem, and could herald a clearer regulatory framework for companies in the sector.
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Source: Bitcoin Magazine
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Journalist at Cryptoast since 2017, I am passionate about the issues of decentralization, privacy and regulation. I specialize in traditional economics and finance by analyzing how news in this sector influences the cryptocurrency industry, providing a unique and informed perspective to Cryptoast readers.
Marine Debelloir
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