The topic of cryptocurrencies is becoming more and more prominent in the confrontation between Biden and Trump in the 2024 elections.

And Trump, as the increasingly recognized leader of the race (JPMorgan Chase, by the way, said that the market agrees on Trump’s victory) is imposing this topic as a cornerstone more and more aggressively.

Trump, after meeting with the holders of his NFTs in early May, aimed at a higher level and yesterday, according to #Bloomberg, held a meeting with representatives of key US mining companies - Marathon Digital, Riot Platforms and CleanSpark. And also with CEO Bitcoin Magazine. Having come out with a bright slogan “I want the remaining BTC to be mined in the USA.” And emphasizing that miners contribute to the stability of the energy system.

It doesn’t matter whether he himself understands this topic. It doesn’t even matter, here and now, whether he is going to deliver on everything he promises to crypto industry players and crypto maximalists. The elections will take place in November and at least until then the topic will work for market growth. Trump also said that Bitcoin mining is “the last line of defense against CBDC.” Quote from the speech:

“Bitcoin mining could be our last line of defense against CBDC. Biden's hatred of Bitcoin only helps China, Russia and the radical left communists. All remaining bitcoins must be mined in the United States. This will help us become energetically dominant."

At this time, Biden is hopelessly behind on the crypto agenda and the latest significant news item is his veto of lifting the SEC ban on holding cryptocurrencies for regulated financial companies.

Although the document was adopted not only by the House of Representatives (where the majority belongs to the Republicans), but also by the Senate (where the majority belongs to the Democrats). Congress finally overturned the SEC ban in mid-May, but Biden vetoed it as advertised. Reasoning: “The Biden Administration will not support measures that jeopardize the welfare of consumers and investors and could interfere with the work of the SEC.”

Bottom line - Biden and the Democrats continue to look like technological and financial retrogrades in the eyes of American cryptocurrency holders. And, according to Mike Novogratz from #Galaxy, there are more people in the States than there are dog owners - 85 million people.