#Bitcoin #Binance #Ethereum Biden campaign interacts with crypto experts
The turnout effort, which began about two weeks ago, highlights a strategic pivot by Biden's team as it navigates a potentially tight re-election bid.
Several reports noted that the campaign has reached out to crypto experts, including industry figures previously shunned by Biden.
This outreach aims to understand the perspectives of the crypto community and shape policies that could resonate with a broader voter base.
Trump embraces digital assets
The Biden campaign's commitment to the crypto community comes in the wake of the Trump campaign's recent pro-crypto stance.
On May 21, the Trump campaign announced that it would accept donations in cryptocurrency, a notable change from former President Donald Trump's previous criticism of digital currencies.
Trump's comments at the 2024 Libertarian National Convention further underscored the evolution of his vision, as he expressed support for cryptocurrencies and opposition to central bank digital currencies (CBDCs).
Biden's changing stance on cryptocurrencies
The Biden administration's recent overtures toward the crypto sector signify a possible softening of its stance, despite a previous “whole of government” approach against the industry. This change is influenced by several key events:
Possible SEC Approval of Spot ETH ETFs: The US Securities and Exchange Commission (SEC) is reportedly considering approving spot ether exchange-traded funds (ETFs).
This move, if realized, would mark a significant change for an asset class previously viewed with skepticism.