According to the advocacy group, the US president still has an opportunity to counter Donald Trump’s “change of heart on cryptocurrency” by supporting regulation.
United States President Joe Biden, facing calls from some in the Democratic Party to step aside in the 2024 election, still has a “pivotal opportunity” to change his position on cryptocurrency, according to one advocacy group.
In a July 9 letter, the tech trade group Chamber of Progress urged President Biden to support comprehensive crypto regulation amid concerns about the election and members of Congress preparing to vote on related legislation. According to the group, the US president “can still win” the issue of cryptocurrency against Donald Trump, the presumptive Republican nominee for president.
“Former President Donald Trump has capitalized on the Administration’s lack of clarity to reverse his position on cryptocurrency and portray you as an opponent of American technological leadership and economic progress,” said the Chamber of Progress to President Biden. “Although [Trump] has recently had a change of heart on cryptocurrency, you still have an opportunity to provide the regulatory clarity that voters are calling for.”
