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Blockchain & Cryptocurrency
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Urgent Call for Clear Crypto Regulations in the U.S.
2024-07-25 23:55:08
Politics
Regulation
Government

Urgent Call for Clear Crypto Regulations in the U.S.

A coalition urges President Biden to back pro-crypto policies to capture the support of young voters for the 2024 elections. The lack of regulatory clarity has allowed Trump to court the crypto vote.

Experts stress the crucial role of political leadership in shaping the future of digital assets. Kamala Harris's 'New Economy 2025' envisions fostering DeFi and collaborating with private blockchain firms for public projects.

Support for crypto in political campaigns is deemed essential by author Nat Eliason. Biden's officials engage with bitcoin advocates, but doubts linger over the government's stance.

The government's actions, including vetoing a crypto bill, indicate a disconnect between rhetoric and decisions, as they safeguard their interests over public preferences. Embracing bitcoin challenges the conventional financial system's dominance by centralized entities.

Related news on that topic:

Trump's Surprise Attendance at Bitcoin Conference Signals Shift ... Crypto Politics

Former President Donald Trump's unexpected decision to attend the upcoming Bitcoin Conference in Nashville signifies a significant change in his stance on cryptocurrency. This move has implications for the Biden administration and the broader crypto industry, as it could sway single-issue voters who are crypto enthusiasts. It also reflects the increasing inclusion of bitcoin in the Republican party platform, potentially pressuring the Biden administration to reassess its position and adopt a more crypto-friendly approach. The conference, which is expecting a near-record crowd, has intensified its security measures following a recent attempt on Trump's life. With Trump as a headliner and other prominent politicians as speakers, the event highlights the growing political influence of the crypto industry. Rumors of Elon Musk's attendance alongside Trump have sparked further speculation. Overall, the Bitcoin Conference in Nashville serves as a platform for discussing the ideals of liberty, freedom, and self-sovereignty that make Bitcoin great, contrasting with the interests of the administrative state.

The Potential Impact of Trump's Reelection on Bitcoin and the ... Crypto Market

As influential figures like Mark Cuban and Larry Fink show growing support for bitcoin, speculation arises on how a potential Trump reelection could drive bitcoin to new highs, with predictions of it reaching over $100,000 by 2024. Broader macroeconomic factors, such as global uncertainty and the decline of the US dollar, are also contributing to bitcoin's future value. Criticism of Gary Gensler's handling of crypto regulation and the possibility of a more crypto-friendly administration under Trump could further fuel a bitcoin bull market. Additionally, excitement among investors for tokenization, stablecoins, and decentralized finance innovations is also contributing to the potential for a significant bitcoin bull market. Experts discuss these factors, emphasizing the importance of secure bitcoin custody and the role of institutional investors. The discussion also delves into the impact of ETFs, advisors, sovereign wealth funds, and the timing of capital flow on bitcoin's climb. However, analysts warn of potential dips in price and the need for caution amidst the market's volatility.

The press radar on this topic:

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..
The Street
26. Juli 2024 um 16:47

Biden officials face Bitcoin advocates over regulatory stance

Politics
Finance
Biden officials recently held discussions with prominent bitcoin advocates, but experts remain skeptical about the government's true intentions. The actions and policies of the government, such as enforcement actions and vetoing a bipartisan bill, suggest a misalignment between political rhetoric and actual decisions. The experts argue that the government's interests are not aligned with the general public when it comes to currency, as they prioritize actions that secure votes and support from..
The Street
31. Juli 2024 um 17:45

Why the U.S. must provide clear crypto regulations now

Cryptocurrencies & blockchain
Politics
Finance
Experts discuss the urgent need for regulatory clarity in the U.S. crypto industry, noting that political leadership could make or break the future of digital assets. They emphasize the importance of supporting pro-crypto candidates and holding elected officials accountable, with plans to continue the conversation in the lead-up to the election and beyond.
The Street
12. August 2024 um 17:26

Supporting crypto in political campaigns is a 'no brainer,' author Nat Eliason says

Politics
Finance
Eliason suggests the U.S. government may view crypto as an opportunity to entrench the dollar's global dominance, making support for crypto a "no-brainer" for political campaigns in 2024.
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