Crypto Quill

As the U.S. presidential election unfolds, cryptocurrencies have emerged as a pivotal policy issue. The anticipation is palpable: President Joe Biden and former President Donald Trump are set to face off in a Thursday debate, and the crypto industry hopes they’ll delve into digital assets.

Advocacy and Lobbying

Crypto advocacy group Stand With Crypto has launched an online letter-writing campaign, urging CNN—the debate host—to include crypto as a talking point. Nearly 2,300 people have signed these notes, emphasizing the importance of educating the electorate about candidates’ stances on this transformative technology. The group’s Georgia members, where the debate will occur, far outnumber the gap between the candidates in their previous 2020 contest.

Biden vs. Trump: A Crypto Perspective

President Biden’s record on digital assets is well-documented. His executive orders, White House statements, and regulatory appointments at the U.S. Securities and Exchange Commission provide insight into his approach. Meanwhile, Trump’s administration remained relatively quiet on crypto, but his recent shift toward supporting the technology is noteworthy.

Industry Momentum

Kristin Smith, CEO of the Blockchain Association, highlights the significance of discussing crypto on the presidential stage. The industry’s growing user base eagerly awaits a sustained debate between the candidates, hoping for clarity on their digital asset strategies.

Contrasting Views

Trump champions U.S. crypto mining and opposes a central bank digital currency (CBDC). In contrast, Biden’s administration has explored taxing miners and studying CBDCs. Responsible regulation without stifling innovation remains a shared goal.