Where The Top Six Potential Biden Replacements Land On Crypto

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Veronica Irwin is a New York-based reporter writing about the intersection of finance and tech. Previously she covered Fintech at Protocol and Bay Area technology companies for the San Francisco Examiner. She also has bylines in Fast Company, Gothamist, SF Weekly, and more.

for President Joe Biden should he decide to drop out of the election. President Biden’s dismal debate performance on Thursday night has Democrats considering a replacement before the nominating convention next month in Chicago. Although the president appears resolved to remain at the top of the ticket, at least for now, attention is shifting to how these successors might perform in the general election and their policies on critical issues.

This policy shift starkly contrasts the Biden administration, which has drawn the community’s ire. This is primarily due to the Security and Exchange Commission ’s proclivity under Chairman Gary Gensler to sue exchanges and token issuers for alleged violations of 90-year-old federal securities laws instead of yielding to industry demands by creating new crypto regulations.

Furthermore, the crypto industry is flexing its muscles more than ever.

Like Trump, Polis accepted campaign contributions in cryptocurrencies, accepting major tokens like bitcoin and ether and even “memecoins” like dogecoin and shiba inu coin. The state of Colorado also began taking tax payments in cryptocurrency under his leadership in 2022, although such paymentsHowever, most of Polis’ industry advocacy ended after 2022. Polis spoke at ETH Denver in February of that year, saying he wanted Colorado to become “.

 

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