Crypto’s Defining Moments in the Lead Up to the US Election
The post Crypto’s Defining Moments in the Lead Up to the US Election appeared on BitcoinEthereumNews.com.
Although Bitcoin won’t be on the ballot this Election Day, it’s hard to deny digital assets’ grip on U.S. politics this election cycle. From U.S. congressmen’s public powwows with crypto industry leaders to Trump’s DeFi project launch to both presidential candidates’ promises to support new regulations for the digital assets industry, crypto has dominated mainstream media headlines and echoed across social media platforms. Here’s a roundup of the crypto industry’s most significant milestones ahead of Election Day on Tuesday. Trump NFT Mar-a-Lago event Donald Trump elicited cheers from a crypto-friendly crowd in May for promising to keep digital assets companies stateside during an event for his latest NFT collection at Mar-a-Lago. The former president’s vow to protect the burgeoning U.S. crypto industry came as a response to a question from an NFT builder from the prominent DeGods project, sporting a pair of Pit Viper shades at the soiree. The memeified moment caught fire on social media, bolstering positive sentiments about the future of U.S. crypto regulation and policy amongst some crypto enthusiasts. Despite the silliness of the moment, some hailed it as a turning point for crypto in politics. Republicans put Bitcoin in party platform The GOP rallied behind Donald Trump’s crypto pivot in early July, vowing to “defend the right to mine Bitcoin” and self-custody crypto in its party platform. The Republican National Committee’s manifesto also expressed broader support for digital assets companies, promising to end an “unlawful and un-American crackdown” on the U.S. crypto industry. Trump and RFK Jr. talk Bitcoin at BTC Nashville Donald Trump promised to create a strategic Bitcoin stockpile for the U.S. Federal Reserve if elected, during a speech at BTC Nashville on July 27. He also vowed to fire Securities and Exchange Commission (SEC) Chair Gary Gensler and put regulators partial to crypto into…
Filed under: News - @ November 5, 2024 10:24 pm