In the United States, cryptocurrencies have become a key element of the presidential campaign, and perhaps the major one. With Donald Trump taking more and more votes in this sector, Joe Biden is starting to take an interest in the issue. According to one report, he will soon be organizing a meeting with specialists in the field.

Is Biden forced to focus on the crypto sector in the run-up to the election ?

In the United States, to say that the Democratic administration has been hostile to cryptocurrencies is an understatement. Indeed, the crypto sector has been battered from a regulatory point of view for years, particularly by the Securities and Exchange Commission (SEC). But things are changing for the better.

According to rumors, it was Joe Biden who forced the SEC to approve Ether ETFs last month. And today, we’re noticing that the current U.S. president is taking an increasing interest in the crypto sector in general. According to my colleagues at Bitcoin Magazine, a roundtable discussion will be held with Joe Biden, representative Ro Khanna, and investor Mark Cuban.

But what’s the objective behind all this? “Keeping blockchain and Bitcoin innovation in the U.S.”

It’s an ambitious program, and one that runs counter to what has been fashionable in recent years. Indeed, many crypto companies have abandoned the country due to a lack of regulatory clarity. Others have been battered by numerous legal battles with the SEC.

A meeting to discuss blockchain.

The meeting will be attended by high-ranking personalities. Senior officials from the Biden administration, members of the US House of Representatives, and the Senate. According to Ro Khanna, this meeting marks a turning point in the crypto industry:

“This is the most significant meeting to date between policymakers and leaders in blockchain innovation.”

All this is hardly surprising, as this is a response to Donald Trump, who was the first to announce his own “crypto roundtable”.

The purpose of this meeting was to address the subject of cryptocurrency mining specifically.

Joe Biden’s change of attitude towards the crypto sector is impressive. He, who until now was not interested in the very existence of crypto-currencies.

👉 Also in the news – Trump is very open to crypto companies

All this, plus the rise of memecoins linked to US politicians has one major impact: placing cryptos at the center of the US presidential campaign. This is a first for the ecosystem, and could herald a more precise regulatory framework for companies in the sector.

Joe Biden’s change of heart is surprising, but very positive for the crypto community. The US presidential elections will be decisive for the bull run.

Source : Bitcoin Magazine