Voters take part in US presidential debate – will Trump or Biden mention cryptocurrencies? Many cryptocurrency users are asking CNN moderators Jake Tapper and Dana Bash to ask both candidates at least one question related to digital assets.
Navigating through turbulent waters in recent days, Bitcoin
it was traded at around US$61.4 thousand (-4.3%) and accumulated a weekly decline of 6% in the early afternoon of this Monday (24). Although the benchmark remained at 53.8% market dominance and with most major altcoins by market cap in the red, cryptocurrency expert Michael van de Poppe used the X to say that the tokens may have bottomed out. pot and listed some altcoins with potential for an increase of up to 650% in the short term.
Biden's strategy on cryptocurrencies
Since taking office in January 2021, President Biden has appointed Gary Gensler as chairman of the U.S. Securities and Exchange Commission (SEC). Many have criticized the SEC's track record of enforcement against cryptocurrency companies under Gensler's leadership, claiming there were no clear rules.
President Biden has also taken personal action against cryptocurrencies while in office. He signed an executive order to establish a regulatory framework on cryptocurrencies and made statements criticizing the energy consumption of digital assets. In 2024, the US President announced and carried out a veto on a resolution to reverse an SEC accounting rule on banks and crypto.
However, recent reports suggest that the US President is exploring the possibility of accepting cryptocurrency aid for his re-election campaign. He may also consider participating in a roundtable with congressional leaders to discuss digital assets. Some experts have suggested this approach could be effective in contrast to Trump's volatile statements on NFTs and mining.
“The Biden campaign must highlight President Biden’s professionalism in contrast to Trump’s antics,” said Moe Vela, a former adviser to then-Vice President Biden. “While the moderators are unlikely to address cryptocurrencies in this first debate, they certainly should. Cryptocurrency is not only a significant economic and financial issue, but it also represents a large portion of millennial, Gen Z, and young professional voters. The outcome of this election may depend on the crypto community.”
