With Republicans “smelling blood”, Uniswap founder Hayden Adams said government officials close to Biden should push for “an immediate shift in his approach to cryptocurrencies.”
Cryptocurrencies will be a major focus of President Donald Trump's election campaign this fall, as Uniswap founder Hayden Adams says Republicans are “looking hard at cryptocurrencies.” It seems like it's coming.in ×post Adams, the founder of a decentralized cryptocurrency exchange, said on May 13 that President Joe Biden's campaign has misjudged its priorities by “considering cryptocurrencies irrelevant to the 2024 election.”
“Republicans smell blood and are turning eagerly to crypto. Biden doesn’t have much time to save it.”
Hayden Adams
Adams urged top-level officials close to Biden and the Democratic leadership to “express how serious this is and encourage an immediate change in his approach to cryptocurrencies.”
But the Biden administration has taken a firm stance, working with figures such as Sen. Elizabeth Warren, who supports strict regulation of the crypto industry, and the U.S. Securities and Exchange Commission, which considers nearly all cryptocurrencies to be securities. It seems that he is taking
Despite recent attempts by lawmakers, including a House resolution aimed at challenging how the SEC regulates banks and cryptocurrencies, Biden remains adamant about keeping crypto markets tightly regulated. It seems there is. He said the recent resolution was issued in response to “proven technical, legal and regulatory risks that have caused significant harm to consumers,” adding that any effort to ease these regulations would The government has made it clear that it intends to veto the measure.
However, former President Donald Trump has positioned himself as a champion of crypto-friendly policies and aims to leverage the support of crypto voters. In a May 11 X post, Bitcoin Magazine CEO David Bailey wrote that he has been working with President Trump for a month on a so-called “comprehensive executive order,” and that other players in the crypto industry have also announced up to 100 It will provide a $1 million war chest to ensure a return to the White House for the Trump campaign, which it added is seeking to raise $1 million in funding.
