Cryptocurrency Advice to US President Joe Biden! “You Still Have a Chance!”

US presidential candidates Joe Biden ve Donald Trump While the presidential race between crypto paraare expected to be decisive in the outcome of the election.

At this point, while Biden continues his anti-crypto rhetoric, US technology industry group Chamber of Progress called on President Joe Biden to support comprehensive Bitcoin and crypto regulation.

The US organization sent a letter to Biden, stating that Republican candidate Donald Trump is taking advantage of the lack of clarity on crypto.

The letter drew attention to the interest of young voters in crypto, stating that their support for crypto would give the Biden administration a chance to lead in crypto.:

“While Trump has recently changed his mind on Bitcoin and cryptocurrencies, you still have an opportunity to provide the regulatory clarity that voters are demanding.

Trump is determined to win the crypto vote and has raised millions of dollars from founders and investors in the crypto space. However, you can still win in this regard.

More than 18 million voters in the US are currently investing in crypto, with Gen Z and Millennial voters making up the overwhelming majority. At this point, crypto is a hot topic for these groups, with more than 50 percent of these age groups supporting a federal policy that encourages the use of digital assets in the US.

“Being the first president to set a clear path for digital assets in the U.S. is a significant opportunity for the Biden administration.”

Criticizing the Biden administration’s failure to create a clear regulatory framework for the cryptocurrency industry, Chamber of Progress executive Kyle Bligen said this lack of regulation harms investors and hinders innovation in America.

Finally in the letter, SEC and its Chairman Gary GenslerIt was stated that the s recent policies have harmed the cryptocurrency industry and contributed to regulatory uncertainty.

*This is not investment advice.