{"id":23740,"date":"2024-06-27T13:00:19","date_gmt":"2024-06-27T10:00:19","guid":{"rendered":"https:\/\/coinengineer.io\/?p=23740"},"modified":"2024-06-27T11:48:10","modified_gmt":"2024-06-27T08:48:10","slug":"presidential-candidates-to-weigh-in-on-crypto","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/presidential-candidates-to-weigh-in-on-crypto\/","title":{"rendered":"Presidential Candidates to Weigh in on Crypto"},"content":{"rendered":"

This U.S. presidential contest<\/strong> has been the first where cryptocurrencies have emerged as a significant policy concern; the sector is lobbying (and preparing for) the prospect that President Joe Biden and former President Donald Trump may raise when they square off on a Thursday debate.<\/p>\n

To that end, Stand With Crypto, a crypto advocacy group, started an online letter-writing campaign to persuade CNN hosts to bring bitcoin up as a topic of discussion. Almost 2,300 members of the club reportedly signed and emailed the notes “calling for a crypto question,” said a spokesman Wednesday.<\/p>\n

This Might Interest You: Assange\u2019s Release Funded by Major Bitcoin Donation<\/a><\/em><\/span><\/p>\n

“It would be a huge miss for CNN to miss this opportunity to let Americans know where the presidential candidates<\/strong> stand on this important economic issue,”<\/em> spokesperson Sabrina Siddiqui told CoinDesk. She said that the group’s membership count in Georgia, where the 9 p.m. EDT (01:00 UTC) event will take place, much surpasses the difference between the contenders from past 2020 contests.<\/p>\n

“Giving the major presidential candidates<\/strong> a chance to weigh in on this transformational technology in the first debate would go a long way towards educating the electorate and helping American crypto owners cast an informed ballot,”<\/em> the boilerplate letter from Stand With Crypto ends.<\/p>\n

The sector is aware of Biden’s record on digital assets; all they need to check are his executive orders, White House remarks, and the acts of the U.S. authorities he appointed\u2014including the U.S. Securities and Exchange Commission. Trump’s government did not show any notable activity in cryptocurrencies, and his prior skepticism has lately shifted to highly positive backing of the technology.<\/p>\n

This Might Interest You: Garlinghouse Blames SEC Chair for Biden\u2019s Potential Loss<\/a><\/em><\/span><\/p>\n

“It’s amazing that we are talking about crypto as a possible topic on the biggest stage in presidential politics<\/strong>\u2014and a marker of how much headway the industry has made in communicating its value to the national political debate<\/em>,” said Kristin Smith, CEO of the Blockchain Association, in an emailed statement. “The crypto industry and its rising base of users are eager for a continuous debate between the candidates on their approach to digital assets and feel energized that it has emerged as an important topic in this election.”<\/p>\n

Seeking to set himself apart from Biden’s efforts to tax miners and government involvement in CBDCs, Trump has been an outspoken advocate of U.S. crypto mining and an opponent of the U.S. launching a central bank digital currency (CBDC).<\/p>\n

“We appreciate candidates realizing the need to debate not only how to regulate digital assets but also how to create responsible regulation that does not stifle innovation in the United States,”<\/em> said a DeFi Education Fund spokesman.<\/p>\n

 <\/p>\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

This U.S. presidential contest has been the first where cryptocurrencies have emerged as a significant policy concern; the sector is lobbying (and preparing for) the prospect that President Joe Biden and former President Donald Trump may raise when they square off on a Thursday debate. To that end, Stand With Crypto, a crypto advocacy group,<\/p>\n","protected":false},"author":6,"featured_media":23741,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[7040,2288,3310,7041],"class_list":["post-23740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-2024-elections","tag-biden","tag-trump","tag-u-s-presidential-contest"],"yoast_head":"\nPresidential Candidates to Weigh in on Crypto - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/presidential-candidates-to-weigh-in-on-crypto\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Presidential Candidates to Weigh in on Crypto - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"This U.S. presidential contest has been the first where cryptocurrencies have emerged as a significant policy concern; the sector is lobbying (and preparing for) the prospect that President Joe Biden and former President Donald Trump may raise when they square off on a Thursday debate. 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