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Blockchain & Cryptocurrency
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The Future of Crypto in U.S. Politics
2024-07-17 19:55:08
Politics
Blockchain

The Future of Crypto in U.S. Politics

Image courtesy of : AFP

J.D. Vance's potential VP role under Trump could usher in a new era for crypto, with his legislative actions and tech-savvy image. Biden is urged to support clear crypto regulations to counter Trump's growing appeal.

Crypto emerges as a wildcard issue for the upcoming Biden-Trump debate, with both candidates evolving their views. Mark Cuban sees Silicon Valley's support for Trump as a 'Bitcoin play'.

Meanwhile, Trump considers Bitcoin critic Jamie Dimon for the US Treasury. Vitalik Buterin warns against solely backing 'pro-crypto' candidates, emphasizing broader policy considerations.

The debate over crypto regulation and its impact on the U.S. economy is set to shape the political landscape as the 2024 elections approach.

Related news on that topic:

Trump's Stance on Crypto Influences Market and Election Dynamics

Former President Trump's pro-crypto stance has had significant implications on the cryptocurrency market and the upcoming 2024 US presidential election. The failed assassination attempt on Trump has boosted his chances of regaining the presidency, leading to a surge in Bitcoin and other cryptocurrencies. The incident has also highlighted Trump's acceptance of cryptocurrency payments and the expectation of a more crypto-friendly regulatory environment under a new administration. This shift in stance has put pressure on the Biden administration to adapt to the growing importance of crypto and soften their previously hostile position. Trump's unexpected attendance at the Bitcoin Conference further emphasizes his newfound support for cryptocurrencies and could influence crypto enthusiasts. Crypto has become a key issue in the 2024 elections, with both Biden and Trump vying for the support of the crypto industry. As the political landscape shifts, cryptocurrency is reshaping the political contest by influencing policies, regulations, and personal freedoms.

J.D. Vance: The Republican's Reoriented Approach to Business

J.D. Vance, a former venture capitalist with ties to Silicon Valley, has emerged as a populist supporter and leading figure in the Republican Party. With a background in military service, Yale Law, and work in the venture capital industry, Vance has attracted support from influential tech billionaires like Peter Thiel and David Sacks. His venture capital experience, including investments in companies like Rumble and AppHarvest, is a key focus as he runs for Vice President alongside Donald Trump. Vance's willingness to break with Republican orthodoxy and his populist views have helped him secure his role as Trump's running mate. However, his fossil fuel ties and opposition to EV policies have raised concerns among environmental advocates. Despite mixed reactions from his hometown in Ohio, Vance's biography and political views reflect his commitment to addressing the economic decline of working-class communities. As the first millennial on a major party ticket, Vance represents a new generation of Republicans reorienting the GOP's economic policy.

Read 13 more recent news on this topic

The press radar on this topic:

The Street
17. Juli 2024 um 14:56

The Biggest Presidential Debate Wildcard For Biden and Trump

Politics
Economy
The article discusses the potential for crypto to be a wildcard issue in the upcoming presidential debate between President Biden and President Trump. Both candidates have had evolving views on crypto, with Trump previously calling Bitcoin a scam but now positioning himself as the 'crypto President'. Biden has also shifted his stance, with his administration reportedly exploring accepting crypto donations and attending a crypto roundtable. The article suggests that crypto could be a surprise t..
The Street
24. Juli 2024 um 17:27

President Joe Biden urged to support crypto regulations before 2024 elections

Politics
Technology
Finance
A D.C.-based tech industry coalition called The Chamber of Progress is urging President Joe Biden to support bipartisan, pro-crypto policies to attract more youth votes ahead of the 2024 elections. The coalition cites poll data showing that over 50% of millennial and Gen Z voters support federal policies encouraging digital asset use in the U.S. and that 1 in 5 voters see crypto regulations as a major voting issue. The coalition warns that former President Donald Trump has capitalized on the B..
Cointelegraph.com News
16. Juli 2024 um 17:46

Trump's VP pick, JD Vance, could mean a new era for crypto

Politics
Cryptocurrencies & blockchain
Technology
J.D. Vance, Trump's crypto-friendly VP pick, has introduced legislation to shield banks, criticized the SEC's treatment of DeFi, and is an icon of the young, tech-savvy wing of Trump's party. With betting markets putting the odds of Trump winning the 2024 election above 70%, this could signal a new era of regulatory clarity under a Trump White House. The U.S. already hosts a staggering portion of Web3's leading protocols and a third of the world's Ethereum validators and Bitcoin mining activity,..
Cointelegraph.com News
17. Juli 2024 um 16:12

Trump weighing Bitcoin hater Jamie Dimon for US Treasury

Politics
Finance
Cryptocurrencies & blockchain
Trump considering JP Morgan CEO Dimon for Treasury; intends to keep Fed chair Powell. Trump's comments stem from June interview, unclear if thinking changed after July assassination attempt. Dimon previously urged support for Trump opponent Haley. Trump has been negative on Bitcoin, but his stance has softened; he's slated to speak at Bitcoin Conference. In 2019, Trump tweeted criticizing Bitcoin, saying the US Dollar is the only real currency. Dimon has criticized cryptocurrencies, calling them..
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