Biden's camp seems to have suddenly realized the potential impact his stance on cryptocurrencies could have on the presidential race.
Suddenly, President #Joe Biden's campaign has begun to attract key players in the crypto industry. According to the report, Biden's team is seeking input from people who understand the complexities of the "crypto community and cryptopolitics.
But the recent move came as a shock. This takes into account the way the Biden administration has always treated the crypto industry until now. Needless to say, Biden has always been wary of #cryptocurrencies and everything they symbolize.
According to an anonymous source familiar with the situation, work on the interaction began about 2 weeks ago. Biden's supporters seem to have suddenly realized the potential impact his stance on cryptocurrencies could have on the presidential race. This will probably continue. Therefore, the re-election team has reportedly reached out to some crypto-enthusiasts and attempted to engage them in exploring the way forward. Sources even claim that some of these cryptocurrencies belong to people that Biden may have disowned in the past.
It's worth noting that the campaign's move to side with digital asset experts comes in the wake of recent reactions to the Biden administration's actions. News broke that Biden planned to veto the repeal of SAB-121, a controversial rule that sought to prohibit financial institutions from providing cryptoasset custody services. However, #cryptocurrency supporters immediately raised an uproar, citing that the regime was trying to somehow limit innovation.
In addition, former President and chief rival Donald Trump has recently been a strong supporter of cryptocurrencies. On September 21, Trump's campaign headquarters announced that it would accept cryptocurrency donations. He also made a prominent statement in support of cryptocurrencies at the 2024 libertarian national convention.
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