Joe Biden Made a U-Turn on Cryptocurrencies!

US President Joe Biden embraced cryptocurrencies as part of the reorganization of his election campaign.

Sources speaking to The Block stated that US President Joe Biden gave cryptocurrencies a chance by reorganizing his election campaign.

In this step campaign, Biden's team will begin to hold meetings with important actors in the cryptocurrency industry and listen to the problems of the sector. It was also reported that the Biden team called several crypto experts within the scope of outreach.

Donald Trump, the former president of the United States and the favorite in this presidential race, has added cryptocurrency options for donations to his election campaign in recent weeks. In recent months, Trump has managed to attract the attention of the community by stating that he will bring freedom to cryptocurrencies.

These new initiatives come on the heels of the backlash the Biden administration received for signaling that it would veto an anti-crypto bill.

Biden's campaign is increasingly realizing that crypto-related issues could have a significant impact on the 2024 presidential race, sources said. In this context, the re-election team called on various crypto experts, including some industry players previously rejected by Biden.

Some market experts interpreted Biden's move as "too late".