How crypto will play a major role in the 2024 U.S. presidential race
The post How crypto will play a major role in the 2024 U.S. presidential race appeared on BitcoinEthereumNews.com.
SEC scrutiny elevated crypto in the 2024 election discourse and strategies. Trump and Biden show varied approaches, reflecting evolving political landscapes. The year 2024 has been quite eventful, with notable events such as the approval of a spot Bitcoin [BTC] ETF in January, the halving in April, and now the highly anticipated U.S. presidential elections. That being said, one of the most captivating aspects of this election is crypto’s role in US politics. A paradigm shift In previous election cycles, cryptocurrency was not a significant factor. However, continuous regulatory scrutiny by the Securities and Exchange Commission (SEC) on various crypto firms has sparked an interesting debate among voters. This increased attention has brought cryptocurrency to the forefront of political discussions and campaign strategies, making it a pivotal issue in the 2024 elections. Thereby, seeing a split among voters, Laura Shin, host of the “Unchained” podcast in a recent conversation at ‘The Chopping Block’ noted, “Hey, we don’t know who’s going to win the election and if you come out as like only hating one of the sides and then they end up winning you’re screwed.” This stemmed from a pseudonymous X user, Plan B also known as the creator of the stock-to-flow (S2F) model, who said, Source: PlanB/X However, a recent move by the U.S. Senate, which voted to pass H.J. Res 109 – a resolution aimed at overturning the SEC’s controversial Staff Accounting Bulletin No. 121 (SAB 121) painted the Democrats’ pro-crypto stance. Things have taken a new route Highlighting the growing significance of cryptocurrency, Robert Leshner, CEO of Superstate, emphasized its growing influence on elections. He cited recent polls showing many Americans who own crypto and few who oppose it. Source: Pew Research Centre This shift underscored the increasing political significance of cryptocurrency among voters. Trump vs. Biden …
Filed under: News - @ May 19, 2024 3:20 am