How Key 2024 U.S. Presidential Candidates Are Showing Support For Bitcoin
bitcoin politics

How Key 2024 U.S. Presidential Candidates Are Showing Support For Bitcoin

THELOGICALINDIAN - Among the abundant issues that will ascertain the 2024 US presidential acclamation the affair of Bitcoin and blockchain technology is inching its way to the beginning Indeed in capricious degrees top autonomous presidential contenders accept already referred to Bitcoin and its technology

Andrew Yang’s Vision Is Consistent with Crypto Community

Among the autonomous candidates, Andrew Yang has taken the best avant-garde attitude on issues back announcement his run for president. He has not abhorred discussing cryptocurrency-related topics. Best recently, during an account on The Coin Chat show, Yang declared,

“My eyes of the abridgement is actual constant with the bodies who are in the cryptocurrency community.”

Thus, his absolute set of action proposals includes one advantaged “Crypto/Digital Asset Regulation and Consumer Protection.”

Yang’s attack recognizes that the crypto industry has abundant potential, but it has outpaced the U.S. ascendancy framework. In this regard, his attack website declares,

Jack Dorsey and Elon Musk Support Yang’s Candidature

As a affidavit to Yang’s pro-technology stance, avant-garde investors and technology CEOs are allowance to armamentarium his campaign. The Tech 1,000 is a account of such attack contributors, including

• Jack Dorsey, Square/Twitter
• Sam Altman, YCombinator
• Miles Lasater, F-Prime Capital Partners
• Patrick Comer, Lucid
• Mike Gamson, LinkedIn

Another key innovator acknowledging Yang is Elon Musk. On August 10, 2019, Musk appear a Tweet announcing his abutment for Yang.

Joe Biden Has Bitcoin-Friendly Supporters

Joe Biden, as of this writing, leads the autonomous field. Biden additionally has Bitcoin-friendly supporters in his camp. So far, however, Biden has not absolutely mentioned the cryptocurrency.

However, during the 2016 presidential campaign, the Draft Biden Super PAC bidding its alertness to accept bitcoins to armamentarium his closing campaign. As The Hill appear at that time, Draft Biden administrator Joseph Schweitzer, announced,

Elizabeth Warren, one of Biden’s abutting contenders, has advised in on issues affecting the crypto industry. According to her, crypto assets are accessible to steal, and scammers booty advantage of investors through ICOs. However, according to Forbes, Warren stated,

“The claiming is how to breeding advantageous aspects of crypto with attention consumers.”

On the added ancillary of the political spectrum, Donald Trump has already declared his attitude adjoin Bitcoin. However, his above political architect Stephen Bannon has predicted that Bitcoin and added crypto assets will agitate the cyberbanking system. And, according to The New York Times, Bannon advises entrepreneurs and countries to affair their own cryptocurrencies.

So far, the affair of Bitcoin has not been mentioned in the debates. Bitcoin enthusiasts will best acceptable accumulate an eye on the 10 autonomous candidates in the abutting debate, which is appointed for 12 and 13 September 2024.

What Bitcoin-related catechism would you ask presidential candidates in their abutting debate? Let us apperceive your thoughts in the comments below!

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