2024

Biden

President Donald Trump

Donald Trump

<ul>
 <li>Biden shifts towards a pro-Bitcoin stance, aiming to win 25% of Americans who own Bitcoin in the 2024 elections.</li>
 <li>Trump advocates for U.S. Bitcoin mining dominance, pledging to end Biden’s ‘war on crypto’.</li>
 <li>Both candidates are now accepting crypto donations, making Bitcoin a central issue in 2024 election campaigns.</li>
</ul>
<p>President Joe Biden appears to be adjusting his stance on Bitcoin and cryptocurrencies, aiming to surpass former <a href="https://cryptonewsland.com/trump-advocates-for-all-remaining-bitcoin-to-be-made-in-usa/" rel="noopener noreferrer nofollow">President Donald Trump</a> in support for digital assets. This comes at a critical time, with 25% of Americans now owning Bitcoin, making it a crucial swing vote in the upcoming elections.</p>
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   <p lang="en" dir="ltr">DEVELOPING: President Biden aims to surpass Trump in <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> support. With 25% of Americans owning <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a>, it's now the ultimate swing vote.<br><br>Game theory in action! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f37f.png" alt="🍿" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f3db.png" alt="🏛" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/adBghVIsiu" rel="noopener noreferrer nofollow">pic.twitter.com/adBghVIsiu</a></p>— Simply Bitcoin (@SimplyBitcoinTV) <a href="https://twitter.com/SimplyBitcoinTV/status/1803490653227319622?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 19, 2024</a>
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<h3 class="wp-block-heading" id="h-biden-s-new-approach-to-bitcoin"><strong>Biden’s New Approach to Bitcoin</strong></h3>
<p>The Biden administration has recently announced participation in a Bitcoin and crypto roundtable set to take place in Washington, D.C., in July. This marks a notable shift from earlier positions held by the President.</p>
<p>In May 2023, Biden had compared crypto traders to ‘<a href="https://x.com/BitcoinMagazine/status/1660267711199424512" rel="noopener noreferrer nofollow">wealthy tax evaders</a>’, and his administration had published a report critical of Bitcoin and Proof of Work mining while promoting a <a href="https://www.investopedia.com/terms/c/central-bank-digital-currency-cbdc.asp" rel="noopener noreferrer nofollow">Central Bank Digital Currency (CBDC)</a>.&nbsp;</p>
<p>Furthermore, a proposed 30% tax on electricity used for Bitcoin mining has sparked significant debate, with arguments that it hinders the transition to a low-emission energy future.</p>
<h3 class="wp-block-heading" id="h-trump-s-crypto-vision"><strong>Trump’s Crypto Vision</strong></h3>
<p>Former President Donald Trump has reiterated his commitment to ending what he describes as Biden’s “war on crypto.” Trump has articulated a vision for the U.S. to become a leader in Bitcoin mining, emphasizing its potential benefits for the nation’s energy sector.&nbsp;</p>
<p>He has vowed to ensure that “the future of crypto and the future of Bitcoin will be made in America,” advocating for the country to become “energy dominant.” In June, Trump posted on social media advocating for all remaining Bitcoin to be mined in the USA, underlining his pro-crypto stance.</p>
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   <p lang="en" dir="ltr">JUST IN: <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> Donald Trump says "to further secure America's future and create opportunity for young people, I will end Joe Biden's war on crypto."<br><br>"We will ensure that the future of crypto and the future of <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> will be made in America, otherwise other countries are going to… <a href="https://t.co/NmmM2J3kIq" rel="noopener noreferrer nofollow">pic.twitter.com/NmmM2J3kIq</a></p>— Bitcoin Magazine (@BitcoinMagazine) <a href="https://twitter.com/BitcoinMagazine/status/1803182597062668299?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 18, 2024</a>
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<h3 class="wp-block-heading" id="strong-election-implications-strong"><strong>Election Implications</strong></h3>
<p>The issue of Bitcoin has officially entered the election discourse, with both candidates making clear their positions. Earlier this week, it was reported that the Biden Administration is in talks to accept <a href="https://cryptonewsland.com/biden-campaign-eyes-crypto-donations-via-coinbase-amidst-2024-election-push/" rel="noopener noreferrer nofollow">crypto donations</a> through Coinbase Commerce, following in Trump’s footsteps who has also started accepting donations through the same platform. Trump has labelled himself as the “crypto president,” further intensifying the competition for the support of the cryptocurrency community.</p>
<h3 class="wp-block-heading" id="strong-a-swing-vote-strong"><strong>A Swing Vote</strong></h3>
<p>With a quarter of Americans now invested in Bitcoin, their vote is becoming increasingly influential. The evolving positions of both Biden and Trump on cryptocurrencies reflect the growing importance of digital assets in American political and economic discussions.&nbsp;</p>
<p>As both candidates vie for the support of Bitcoin enthusiasts, the 2024 election could see cryptocurrency becoming a pivotal issue, potentially swaying the outcome based on their policies and promises.</p>
<h4 class="wp-block-heading" id="h-read-also">Read also</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/trump-building-bitcoin-army-to-boost-2024-campaign-against-biden/" rel="noopener noreferrer nofollow">Trump Building Bitcoin Army to Boost 2024 Campaign Against Biden</a></li>
 <li><a href="https://cryptonewsland.com/trump-promises-to-end-bidens-war-on-crypto-in-2024-campaign/" rel="noopener noreferrer nofollow">Trump Promises to End Biden’s ‘War on Crypto’ in 2024 Campaign</a></li>
 <li><a href="https://cryptonewsland.com/donald-trump-flips-stance-on-crypto-endorses-digital-assets-in-presidential-race-against-biden/" rel="noopener noreferrer nofollow">Donald Trump Flips Stance on Crypto, Endorses Digital Assets in Presidential Race Against Biden</a></li>
 <li><a href="https://cryptonewsland.com/bitcoins-surge-to-100k-before-us-election-predicted-by-standard-chartered/" rel="noopener noreferrer nofollow">Bitcoin’s Surge to $100K Before US Election Predicted by Standard Chartered</a></li>
 <li><a href="https://cryptonewsland.com/biden-campaign-eyes-crypto-donations-via-coinbase-amidst-2024-election-push/" rel="noopener noreferrer nofollow">Biden Campaign Eyes Crypto Donations via Coinbase Amidst 2024 Election Push</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/biden-switches-to-pro-bitcoin-stance-to-outdo-trump-adding-fuel-to-2024-being-a-bitcoin-election/" rel="noopener noreferrer nofollow">Biden Switches to Pro-Bitcoin Stance to Outdo Trump Adding Fuel to 2024 Being a Bitcoin Election</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Biden Switches to Pro-Bitcoin Stance to Outdo Trump Adding Fuel to 2024 Being a Bitcoin Election

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