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Share link:In this post: Chamber of Progress urges Biden to support comprehensive crypto regulation to gain young voter support. Over 18 million Americans are involved in cryptocurrency, with strong support from Gen Z and Millennials. Regulatory uncertainty under Biden’s administration has hurt crypto investors and limited asset utility.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We
Joe Biden faces a critical moment in his campaign. With the 2024 election approaching, his stance on cryptocurrency could make or break his chances against Trump.
The Chamber of Progress has sent a strong message: supporting comprehensive crypto regulation is key. Biden can still win this battle, but does he want it badly enough?
See: It’s crypto, not the economy, stupid
The advocacy group believes this could be a winning issue for him in the upcoming election. “The US president can still win the issue of cryptocurrency against Donald Trump,” they said.
Biden’s crypto conundrum
In their letter , the Chamber added that:
“Support for a crypto-positive digital assets agenda would provide your Administration with a chance to lead on an issue young voters identify with.”
With 18 million Americans involved in cryptocurrency, and over 50% of Gen Z and Millennial voters supporting federal policies that encourage digital asset use, the stakes are high.
Biden’s 2022 Executive Order on Ensuring Responsible Development of Digital Assets aimed to foster cryptocurrency development, expand access to safe and affordable financial services, and reduce the cost of cross-border transfers.
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