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Justin Sun urges crypto community to support pro-crypto presidential candidate
Justin Solethe founder of the Tron blockchain, has called on the crypto community to support a pro-crypto candidate in the upcoming US presidential elections in November.
Sun made this call in a social media post on May 26, stressing the importance of aligning with a candidate who supports cryptocurrencies to ensure the industry’s voice is heard and interests are protected. He She said:
“We should support a presidential candidate who supports cryptocurrencies. We must demonstrate to the candidate that the cryptocurrency community, companies and protocols are important stakeholders whose voices should be heard and whose interests should be protected.”
Therefore, the upcoming election represents a crucial opportunity for the crypto community to influence the regulatory environment by supporting a candidate who supports industry growth and integration into the broader economy.
Biden, Trump fight for cryptocurrencies
Sun’s statement comes amid an evolving regulatory landscape in the United States regarding cryptocurrencies.
Recently, cryptocurrencies have become a hot political topic, with bipartisan support for two cryptocurrency-related bills:SAB121 and the FIT21 Act. These bills aim to improve the regulatory framework for the sector and provide the clarity needed for it to thrive.
Also, unexpectedly, the traditionally crypto-skeptic Securities and Exchange Commission (SEC). approved spot Ethereum, Exchange Traded Funds (ETF) 19-b, marking a turning point from its previous position on the asset.
Stakeholders see these developments as a significant change for the President Joe Bidenof the administration, which previously favored strict regulation of the emerging industry. The White House did it too showed interest in working with Congress on effective cryptographic regulations.
Experts attribute these changes to the former president Donald Trump‘s recently acquired pro-cryptocurrency stance has strengthened his re-election prospects. Second Polymarket, Trump has a 56% chance of winning the election, compared to Biden’s 38%. While Trump was president, he was openly against cryptocurrenciescalling it “based on nothing”.
In recent months, Trump’s chances have increased following a series of pro-crypto actions and statements. This weekend, former president She said the United States must be a leader in the cryptocurrency industry and commit to releasing imprisoned Silk Road founder Ross Ulbricht. Also, his campaign for re-election now accepts crypto donations in various digital assets, including Bitcoin, making it the first major candidate to do so.