- Trump promises to end Joe Biden’s ‘war on crypto’ if elected.
- However, Biden is reportedly countering Trump crypto with a planned blockchain roundtable in early July.
Republican presidential candidate Donald Trump has vowed to end Joe Biden’s ‘war on crypto’ and the future of Bitcoin [BTC] remains in the US.
At a rally on June 14, Trump’s crypto stance was reinforced when he took a swipe at Biden and declared,
“I will end Joe Biden’s war on crypto, and we will ensure that the future of crypto and the future of Bitcoin will be made in America.”
The pledge followed an earlier meeting last week at Mar-a-Lago. The former president held a roundtable discussion with representatives of the largest Bitcoin miners in the US.
Trump endorsed Bitcoin mining in the meeting and has increasingly established himself as the US ‘Bitcoin’ presidential candidate.
Biden challenges Trump’s growing crypto support
In a recent interview with Scott Melker of ‘The Wolf of All Streets’, Deniss Porter, founder of Satoshi Action Fund, said: repeated That,
‘The Bitcoin issue certainly puts Trump in a better position to win’
In other words: Bitcoin has become a major issue in the US presidential elections.
To counter Trump’s overtures and flirtations with the crypto community, Biden’s campaign hosted a similar blockchain roundtable in early July.
Reportedly, US Congressman Ro Khanna will do so host the roundtable, which will be attended by Biden administration officials, lawmakers and business leaders, including billionaire Mark Cuban.
The Biden administration is seen as hostile to the crypto market through the SEC. Several crypto and DeFi-focused companies, such as Uniswap, Robinhood, and Meta Mask, are facing enforcement action from the SEC.
However, Trump’s pro-crypto stance has caused the Biden administration to reconsider its strategy.
In terms of price, Mike Novogratz of Galaxy Digital made a striking impression prediction that BTC could break above its three-month price range and reach $100,000 if regulatory clarity improves in the US.
So regardless of who wins, it will be interesting to see how these promises evolve after the election.