HomeCryptoBiden campaign surprises with increased outreach to crypto industry

Biden campaign surprises with increased outreach to crypto industry

-


President Biden’s Re-Election Campaign Seeks Guidance from Crypto Industry Players

President Joe Biden’s re-election campaign is making waves in the cryptocurrency industry as they reach out to key players for guidance on crypto policy moving forward. This significant shift in approach comes as the campaign recognizes the growing impact of crypto-related issues on the upcoming presidential race.

Sources with direct knowledge of the matter revealed to The Block that the engagement effort began about two weeks ago and includes discussions with various crypto experts, some of whom were previously rebuffed by the Biden administration. This outreach signals a departure from Biden’s previous arms-length approach to the industry.

The move by the Biden campaign follows recent opposition from crypto advocates to the administration’s plan to veto the repeal of SAB 121, a controversial crypto legislative measure. Additionally, the Trump campaign’s acceptance of cryptocurrency donations and former President Donald Trump’s pro-crypto remarks have likely influenced the shift in tone.

While the Biden campaign’s overtures have been well-received by many in the crypto sector, some industry players remain skeptical, viewing the outreach as “too little, too late.” The evolving relationship between political campaigns and the crypto industry underscores the growing importance of digital assets in the political landscape.

As the 2024 presidential race heats up, the engagement between the Biden campaign and crypto experts is sure to be closely watched by industry insiders and political observers alike. Stay tuned for more updates on this developing story.

LATEST POSTS

Crypto asset manager predicts Ether will outperform bitcoin in the short term

Ether Expected to Gain Value Relative to Bitcoin as ETF Anticipation Grows Title: Ether Expected to Gain Value Relative to Bitcoin as Spot ETF Approval...

Exploring the Challenges and Opportunities of Blockchain Technology: A CDSA Perspective

CDSA Explores Challenges and Opportunities of Blockchain at NAB 2024 Member Day The Content Delivery & Security Association (CDSA) recently delved into the world of...

Semler Scientific’s stock price soars following adoption of new bitcoin treasury strategy

Semler Scientific Adopts Bitcoin as Primary Treasury Reserve Asset, Shares Surge Semler Scientific, a medical technology company, made headlines on Tuesday as its shares surged...

Landmark Decision: SEC Approves Ethereum ETFs for Spot Trading

SEC Approves Eight ETH ETF Issuers for Trading The Securities and Exchange Commission (SEC) has made a groundbreaking decision to approve trading of eight exchange-traded...

Most Popular