While the upcoming US presidential election is often seen as a contest between Democrats and Republicans, a deeper battle is brewing. It’s a showdown between pro-crypto and anti-crypto forces. Alongside the election results, another outcome will be decided—the future of the US cryptocurrency industry.
The current Democratic administration, led by joe biden information, has taken a tough stance on crypto, and many in the community feel targeted by increased regulations.
*It’s a well-known fact!* The crypto community won’t soon forget the SEC’s regulatory crackdowns under Biden.
From the start, it was clear that the Biden administration wasn’t likely to win over crypto supporters. Predictably, Donald Trump information stepped in as a strong pro-crypto candidate, quickly gaining the trust of many in the space
*Can Harris Win Over Crypto Enthusiasts?* ❗
Under Biden, the US administration’s approach to crypto has been seen as unfriendly, particularly due to the actions of SEC Chairman gary gensler information
*Trump’s Crypto U-Turn* ❗
What really concerns Democrats is not just their own struggles with the crypto community but the Republican Party’s strong pro-crypto platform.
The prime opposition party has adopted a more pro-crypto stance in the US election campaign.
It advocates for policies that promote innovation and minimize regulatory burdens. Republican candidate Donald Trump was formerly a vocal critic of cryptocurrencies.
But things changed this time.
Now, he is the most active crypto advocate in the entire political spectrum of the United States.
