Crypto has become a battleground issue in the 2024 US presidential election, with both the Biden administration and former president Donald Trump vying for the support of the crypto industry. The Biden team has been engaging with crypto industry stakeholders, while the Democratic Party has shown hostility toward the industry.
Trump, on the other hand, has announced his attendance at the annual Bitcoin Conference, indicating a pro-crypto stance. This shift in political landscape has led to pressure on Biden to adapt his stance on crypto, with the Republican National Committee officially adding pro-crypto language to their platform.
The Ethereum co-founder, Vitalik Buterin, has warned against blindly supporting 'pro-crypto' candidates, urging a scrutiny of their broader policies. Additionally, the crypto industry has poured millions of dollars into the US election, further highlighting the importance of crypto in the political landscape.
Overall, the 2024 US election is shaping up to be a defining moment for the crypto industry and its regulatory future in the country.
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