The Chamber of Progress, a U.S. tech industry alliance, is urging President Joe Biden to support comprehensive cryptocurrency regulation. This move aims to engage young voters, highlighting the growing political significance of digital assets as over 18 million Americans currently hold or trade cryptocurrencies.

According to Odaily, the Chamber of Progress, a US tech industry alliance, recently called on Joe Biden to support comprehensive cryptocurrency regulation. This move is seen as a key step in attracting young voters ahead of the upcoming US presidential election.

In a letter sent on Tuesday, the Chamber highlighted the growing importance of digital assets to a significant portion of voters, noting that over 18 million Americans currently hold or trade cryptocurrencies. The letter emphasized the particular significance to Generation Z and millennial voters, more than 50% of whom support federal policies encouraging the use of digital assets.

The Chamber's call for comprehensive cryptocurrency regulation underscores the increasing recognition of digital assets in the political landscape. As the number of Americans involved in cryptocurrency trading continues to rise, the need for clear and comprehensive regulation becomes more pressing. This move by the Chamber of Progress could potentially influence the stance of the Biden administration on cryptocurrency regulation, and by extension, its appeal to younger voters.