Uniswap Labs CEO Hayden Adams is warning Democrats that their anti-crypto agenda could cost them dearly in the November 2024 US presidential election.
Adams, who invented the decentralized crypto exchange (DEX) Uniswap (UNI), tells his 286,100 followers on the social media platform X point out that Democrats are making a political miscalculation when it comes to digital assets.
He compares the attacks on crypto by US Senator Elizabeth Warren (D-Massachusetts) and the US Securities and Exchange Commission (SEC) to a political misstep by unsuccessful US presidential candidate Hillary Clinton in 2016.
“Hillary [Clinton] campaigning in red states instead of miscalculating in swing states [US President Joe] Biden camp thinks crypto will be irrelevant in 2024 elections and has SEC and Warren waging all-out war – both in terms of voters and money.
Republicans smell blood in the water and are turning hard towards crypto. There isn’t much time for Biden to save it. Anyone close to him or the Democratic leadership should express how serious this is and push for an immediate reversal of his approach to crypto (public support/plan and rule in SEC and Warren)…
[Biden] can understand someone he trusts telling him, “You’ll lose if you don’t do X.”
The Chamber of Digital Commerce recently accused Warren of “trying to kill” the entire crypto industry through her proposed Digital Asset Anti-Money Laundering Act.
The stakes are high as Biden faces Republican candidate Donald Trump in the November 2024 presidential election. Trump recently said he is “good with” crypto and accused Biden and SEC Chairman Gary Gensler of being against digital assets.
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Generated image: Midjourney