Caroline Bishop
Aug 14, 2024 07:40
Explore the significant political shift towards cryptocurrency in the U.S., including policy proposals from key figures like Trump, Kennedy, and Lummis.
Cryptocurrency has officially entered the mainstream political arena in the United States, with major figures and presidential candidates expressing strong support for blockchain technology and Bitcoin (BTC). This shift marks a significant departure from the past decade of relative inaction by regulatory bodies like the SEC and presidential administrations, according to Pantera.
Political Endorsements and Policy Proposals
In May 2024, a presidential candidate endorsed blockchain technology, sparking a wave of political interest. By mid-August, two out of three presidential candidates, ten U.S. Senators, and several House Representatives had attended a Bitcoin conference. Former President Donald Trump was particularly vocal, laying out a comprehensive plan to make the U.S. a global leader in cryptocurrency.
Trump’s policy initiatives include recognizing Bitcoin as a “marvel of technology,” suggesting it may…
