The Breakdown Biden Joins the Pro-Crypto Pivot
May 30, 2024
Exploring Biden's team reaching out to the crypto industry, debate on the industry's response. Discussion on the significance of the SEC chair choice and need for concrete policies. Impact of government crackdown on mixing services and regulatory uncertainties in the crypto sector.
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Biden's Crypto Pivot
- The Biden campaign is engaging with the crypto industry after initially rejecting assistance.
- This shift suggests they recognize crypto's impact on the upcoming election.
Trump's Crypto Influence
- Biden's crypto engagement is a reaction to Trump's pro-crypto stance.
- Influential figures like Ryan Selkis and David Bailey advise Trump on crypto.
Industry Skepticism
- While Biden's outreach is generally well-received, skepticism remains within the crypto industry.
- Some view the pivot as "too little, too late" due to prior anti-crypto policies.