Grayscale: CBDC Supporters Will Likely Be in the White House in the Next Term. The Crypto Divide Isn’t Red vs. Blue: Shades of Gray.
A crypto asset manager examined the positions of US presidential candidates and found no partisan divisions.
According to a crypto asset manager Grayscale, the next president of the United States is likely to endorse the central bank digital currency. Both leading candidates from the two major political parties have shown their support. Both seem to dislike bitcoin. Joe Biden, Donald Trump and their respective party members are currently leading the 2024 presidential polls. Forbes’ conclusions from earlier in the year are confirmed by both.
Trump called Bitcoin (BTC) a “scam” and Biden’s position was made clear by his support of a 30% tax on Bitcoin mining. Grayscale has not commented on Trump’s overall stance on crypto and digital assets. It can be recalled that he has a positive attitude towards non-fungible tokens.
Joe Biden's got laser-eyes on his coffee cup 😅
Someone in the White House is a #Bitcoin HODL agent
😎 pic.twitter.com/I5q5uO8zDL— Bitcoin Archive (@BTC_Archive) August 4, 2023
Biden’s “Executive Order on Ensuring Responsible Development of Digital Assets” was taken as evidence of his overall support. The President’s 2023 Economic Report was less positive about cryptocurrencies.
Trump, DeSantis and the other Republican candidates are not the only ones supporting cryptocurrencies. Grayscale’s support for Vivek Ramaswamy (7% vs. Trump’s 63%) is also seen as pro-Bitcoin. Ron DeSantis Economic Platform. Source: Presidential Campaign by Ron DeSantis
Republican Mayor of Miami Francis Suarez is perhaps the most ardent crypto advocate of either side. Even before the campaign started, he made his enthusiasm for the technology clear. However, his presidential ambitions were considered “unlikely”.
