2 years ago
With the 2024 U.S. statesmanlike predetermination drafting near, the enthusiasm of bitcoin and cryptocurrency advocates has intensified, arsenic 2 candidates person emerged successful the contention who openly explicit their enactment for bitcoin and willingly judge the ascendant integer plus for run contributions. Initially, it was Democrat Robert F. Kennedy Jr. who vocalized his stance connected cryptocurrencies. However, not agelong aft Kennedy’s announcement, Republican statesmanlike contender Vivek Ramaswamy followed suit by declaring that his run is present embracing bitcoin arsenic well.
Biden and Trump’s Animosity Towards Bitcoin
In conscionable implicit a year, the American populace volition formed their votes for the adjacent person of the United States connected Tuesday, November 5, 2024. As the federation awaits this occasion, it has go evident that a acquainted rivalry whitethorn erstwhile again instrumentality halfway stage. Both the existent U.S. president, Joe Biden, and the erstwhile 45th president, Donald Trump, person thrown their hats into the governmental ring, sparking wide curiosity and skepticism among the public. The question connected everyone’s lips is: What has propelled these 2 figures to fastener horns erstwhile much successful the pursuit of power?
“There’s nary mode the adjacent predetermination volition really boil down to Biden vs. Trump is there? I mean…seriously?” John Lennon’s lad Sean Ono Lennon tweeted astatine the extremity of April.
Crypto enthusiasts are good alert of wherever some Biden and Trump basal erstwhile it comes to the satellite of integer currencies. These 2 politicians person made their disdain for bitcoin and decentralized crypto ventures abundantly clear. The incumbent president, Biden, has been vocal astir his intentions to enforce taxes connected crypto traders and miners, arsenic evidenced by the broad guidance published by the White House connected the matter. In January, Biden’s medication unveiled a elaborate “roadmap to mitigate cryptocurrencies’ risks,” advocating for enhanced regulatory measures. Moreover, during this year’s G7 Summit, President Biden addressed concerns surrounding the debt ceiling, highlighting the engagement of crypto traders.
In a video published by Sky News, Biden’s resolute stance is showcased arsenic helium adamantly expresses his refusal to negociate definite agreements with Republicans erstwhile helium said:
I’m not going to hold to a woody that protects affluent taxation cheats and crypto traders portion putting nutrient assistants astatine risk.
Bitcoin has recovered itself connected the receiving end of Donald Trump’s scorn arsenic well, with the erstwhile president openly expressing his skepticism, adjacent going truthful acold arsenic to statement it a imaginable “scam.” In June 2021, Trump further articulated his disapproval, highlighting his interest astir bitcoin emerging arsenic a formidable rival to the U.S. dollar. He made his stance unequivocally clear, stating his unwavering tendency for the dollar to clasp its presumption arsenic the planetary currency. However, contempt his reservations astir cryptocurrencies, Trump has shown a pragmatic broadside by leveraging blockchain exertion to his advantage. Notably, helium successfully sold two sets of non-fungible token (NFT) collections minted connected the Polygon network.
2 U.S. Presidential Candidates Who Support Bitcoin
In a caller development, Robert F. Kennedy Jr., a Democratic campaigner vying to win Joe Biden, made headlines by declaring his campaign’s acceptance of bitcoin donations. Kennedy stands isolated from galore of his Democratic peers, arsenic helium champions the conception of utilizing the escaped market to tackle clime alteration and has expressed his opposition to cardinal slope integer currencies (CBDCs).
During the Bitcoin 2023 lawsuit held past week, Kennedy boldly asserted, “As president, I volition marque definite that your close to clasp and usage bitcoin is inviolable.” Notably, Kennedy’s determination to clasp bitcoin for run contributions was swiftly followed by different statesmanlike contender.
In an update connected Saturday, Vivek Ramaswamy, a Republican campaigner took to Twitter to uncover an announcement from his campaign. Ramaswamy declared, “Just announced we’re officially accepting bitcoin donations. Give $1. Let’s marque the 2024 predetermination a referendum connected fiat currency.” Ramaswamy, a 37-year-old entrepreneur and author, launched his bid for the presidency connected February 21, 2023, arsenic a Republican contender. Hailing from Birmingham, Alabama, his run resonates with the slogan, “A New American Dream.”
During an exclusive interview with CBS News, Ramaswamy stated:
The thriving Bitcoin beingness should really amended empower maine to bash what I privation to bash arsenic the U.S. president, which is to stabilize the U.S. dollar arsenic a portion of measurement and enactment the Federal Reserve backmost successful its spot with that arsenic its azygous mandate.
In stark opposition to Biden and Trump, Ramaswamy sets himself isolated with a distinct vision of reducing authorities power and addressing the longstanding contented of nationalist debt. This past Saturday, arsenic helium unveiled his campaign’s pivotal decision, Ramaswamy provided supporters with 2 avenues for contributing: a dedicated donation page powered by Bitpay, welcoming bitcoin contributions, and another page hosted connected opennode.com. It’s worthy noting that each the salient aforementioned governmental figures – Biden, Trump, Kennedy, and Ramaswamy – person officially thrown their hats into the statesmanlike race. However, they won’t beryllium the lone contenders seeking the coveted bureau successful 2024.
Joining the fray is Nikki Haley, a Republican campaigner whose stance connected bitcoin (BTC) remains unknown. Although Marianne Williamson, a Democrat, is besides successful the moving for the presidency, her show during the 2020 Democratic information was lackluster. On the different hand, politician Ron DeSantis of Florida, portion yet to formally denote his intentions for the 2024 race, is wide suspected to propulsion his chapeau into the ringing arsenic a contender for Biden’s seat.
DeSantis has garnered attention for his favorable remarks astir bitcoin, highlighting the existent administration’s aversion to cryptocurrencies owed to their inherent absorption to control. Showcasing his commitment, DeSantis spearheaded legislation that resulted successful Florida becoming the pioneering authorities to prohibition cardinal slope integer currencies (CBDCs), mounting an influential precedent that different Republican-led states are eagerly attempting to emulate.
What are your thoughts connected the increasing acceptance of bitcoin by statesmanlike candidates successful the 2024 election? Do you judge cryptocurrency volition play a important relation successful shaping the aboriginal of governmental campaigns? Share your insights and articulation the treatment successful the comments conception below.
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