News
Uniswap founder urges Democrats to immediately change Biden’s approach to cryptocurrencies
As Republicans “smell blood in the water,” Uniswap founder Hayden Adams says senior officials close to Biden should push for “an immediate reversal of his approach to cryptocurrencies.”
It seems that cryptocurrencies are becoming a key target Donald Trumpthis fall’s presidential campaign, as Uniswap Founder Hayden Adams says Republicans are “leaning heavily towards cryptocurrencies.” In an X message on May 13, Adams, the founder of the decentralized cryptocurrency exchange, declared president Joe BidenThe camp is miscalculating priorities by “thinking that cryptocurrencies will be irrelevant in the 2024 elections.”
Hillary campaigns in red states instead of swing states Miscalculation by Biden camp who thinks cryptocurrencies will be irrelevant in 2024 election and lets SEC + Warren wage all-out war, both in terms of voters and money
Republicans smell blood in the water and are…
— hayden.eth 🦄 (@haydenzadams) May 13, 2024
“Republicans smell blood in the water and are turning hard to cryptocurrencies. There’s not much time for Biden to save it.”
Hayden Adams
Adams urged high-level officials close to Biden or the Democratic leadership “should express how serious the situation is and push for an immediate reversal of his approach to cryptocurrencies.”
However, it appears the Biden administration has stood firm, aligning itself with figures like Senator Elizabeth Warren, who supports tough regulations for the cryptocurrency industry, and the U.S. Securities and Exchange Commission, which considers nearly all cryptocurrencies to be securities .
Despite recent attempts by lawmakers, including a resolution from the House of Representatives with the aim of challenging the way the SEC regulates banks and cryptocurrencies, Biden appears to remain steadfast in maintaining strict regulations for the cryptocurrency market. He has made it clear that he intends to veto any measure that would loosen these regulations, said the recent resolution was issued in response to “demonstrated technological, legal, and regulatory risks that have caused substantial losses to consumers.”
Former President Donald Trump, however, is positioning himself as a proponent of crypto-friendly policies, aiming to leverage support from crypto voters. In a May 11 X post, Bitcoin Magazine CEO David Bailey he wrote has been working with Trump for a month on a so-called “comprehensive executive order,” adding that other players in the cryptocurrency industry are trying to raise up to $100 million in a war fund for Trump’s campaign to ensure he returns to the scene . White House.