It's the first time crypto has become an issue in the general election of a presidential race.
"If you're in favor of crypto, you better vote for Trump," former President Donald Trump said Wednesday. | Jamie Kelter Davis for POLITICODonald Trump is making presidential history all over again: He’s poised to be the first major party nominee to court cryptocurrency traders. It’s leaving some Democrats feeling uneasy.
The issue is giving Trump a fresh line of attack on Biden. Securities and Exchange Commission Chair Gary Gensler, a Biden nominee, has pursued an extensive series of enforcement actions against crypto firms that he says are flouting federal securities laws. The White House on Wednesday angered crypto advocates when it threatened to veto bipartisan“Gensler is very much against it,” Trump said Wednesday of the administration’s approach to crypto. “The Democrats are very much against it.
Crypto has gained support from politicians on the right who tout it as an alternative to the mainstream financial system. The Paradigm poll found earlier this year that crypto owners favor Trump over Biden, 48 percent to 39 percent, with 13 percent undecided. Ramaswamy declined to comment on whether he hopes to work on crypto policy in a second Trump administration, saying he is “focused on winning the election.”. Trump’s SEC chair initiated major litigation against a prominent crypto firm.
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