Cryptocurrencies are at the Heart of the US Election: Biden Received a "Last Chance" Letter

Cryptocurrencies came to the fore once again in the race between Joe Biden and Donald Trump.

US President Joe Biden still has a “significant opportunity” to change his stance on cryptocurrency, technology trade group Chamber of Progress said. The Chamber of Progress called on Biden to support comprehensive cryptocurrency regulations.

In a letter published by the Chamber of Progress on July 9, it was stated that Biden “can still win” against Donald Trump on cryptocurrency. It was stated that Donald Trump managed to stand out by taking advantage of the uncertainty in this area.

“Former President Donald Trump used your uncertainty about cryptocurrency to change his position and portray you as an opponent of American technological leadership and economic progress,” the Chamber of Progress said.

While Trump has recently changed his mind on cryptocurrency, you still have the opportunity to provide the regulatory clarity voters are calling for.

Cryptocurrencies are at the center of the election

This advocacy group is not the first to suggest that cryptocurrency and blockchain technology could be factors in the 2024 election between Biden and Trump and among candidates at the state and local level. On July 8, the Republican National Committee, co-chaired by Trump's daughter-in-law Lara, passed a draft policy platform that includes supporting cryptocurrency and Bitcoin mining.

The timing of the platform update ahead of Trump's possible candidacy suggests that the former US president's campaign sees an opportunity to attract crypto-focused voters.  US presidential elections will be held on November 5.

A recent survey revealed that Donald Trump managed to gain votes from his opponents by supporting cryptocurrencies.