Will Biden and Trump Face Off Over Crypto Tonight?
The post Will Biden and Trump Face Off Over Crypto Tonight? appeared on BitcoinEthereumNews.com.
Thursday’s presidential debate between Biden and Trump, hosted by CNN, could thrust Bitcoin and crypto into the political limelight. The amount of airtime that crypto gets during Thursday’s debate between President Biden and former President Donald Trump could sway a significant slice of single-issue voters. The regulatory treatment of digital assets has become a rallying cry for former president Trump, who flipped from Bitcoin skeptic to a “Crypto President” in recent weeks. Yet many wonder whether Trump, alongside the talk, will push for crypto in front of millions of Americans. Traders on the decentralized prediction market Polymarket are penciling in a 61% chance, as of this writing, that Trump mentions Bitcoin or crypto during Thursday’s debate. So far, the wager has garnered $127,000 in bets, alongside other words that Trump could utter into his mic. Hosted by CNN, Trump may leverage the debate as a high-profile opportunity to skewer the Biden administration’s treatment of digital assets. Under current leadership, the industry has faced an uptick in scrutiny that emerged after the crypto exchange FTX collapsed in 2022. Lawsuits brought against major crypto firms like Coinbase under the Securities and Exchange Commission’s Biden-appointed Chairman Gary Gensler have also ruffled feathers across the industry. Trump’s recent embrace of crypto can be traced to a gala last month. At a Mar-a-Lago event for holders of his Trump-themed NFTs, Trump signaled he was “good” with crypto, while assailing Gensler as someone who “is very much against it.” Since then, the former president has started accepting crypto donations, while calling for more Bitcoin to be “made in the U.S.A.” During the latter appearance, Trump disavowed central bank digital currencies (CBDCs) as well, a digital form of currency that could soon be outlawed in the U.S. Meanwhile, the Biden administration has clashed with crypto miners. A…
Filed under: News - @ June 28, 2024 5:10 am