In this election year, US politicians are using cryptocurrency as a tool to divert attention from less favorable issues. Republicans may oppose central bank digital currencies or equate Bitcoin with financial freedom, while Democrats may link cryptocurrency transactions to terrorist financing or support digital assets. Florida Representative Matt Gaetz, under investigation for obstruction, has introduced a bill that would require the IRS to accept Bitcoin for tax payments. Former President Donald Trump, facing legal challenges, launched an NFT collection and announced his campaign would accept cryptocurrency donations. Current President Joe Biden, who is dealing with domestic and international issues, is said to be considering a change in cryptocurrency strategy.

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