TLDR Crypto · MARKETS & BUSINESS

BIDEN CAMPAIGN RAMPS UP CRYPTO INDUSTRY OUTREACH IN SURPRISING TONE 'SHIFT'

theblock.co2 min read

Summary from the TLDR Crypto newsletter

President Biden's re-election campaign has been reaching out to cryptocurrency industry leaders, seeking advice on crypto community and crypto policy. Biden has previously said he would veto the repeal of SAB 121, an SEC ruling making crypto asset custody complex for institutions to offer. This change in tone comes after the Trump campaign's pro-crypto rhetoric, which includes accepting crypto donations, protecting the right to self-custody, and anti-CBDC remarks.