July 24, 2024
Latest Cryptocurrency News

Historic Debate: Biden and Trump Set to Discuss Digital Assets

In an unprecedented move, President Joe Biden and former President Donald Trump will meet for a debate at CNN’s Atlanta studios on June 27 at 9:00 pm ET. This debate marks the first time candidates have bypassed the Commission on Presidential Debates to arrange a time and place on their terms.

Though neither Biden nor Trump will have officially accepted their party nominations, they are the presumptive nominees for the 2024 election, as suggested by polls.

Crypto on the Agenda?

Many in the crypto community are hopeful that digital assets will be a topic of discussion during the debate. Moderators Jake Tapper and Dana Bash might ask about it, or the candidates could bring it up themselves. Trump has recently embraced pro-crypto policies, announcing that his campaign will accept digital asset contributions and pledging to have all remaining Bitcoin mined in the United States. This is a significant shift from his previous stance when he called cryptocurrencies “not money” and “based on thin air.”

Biden’s Stance on Digital Assets

Since taking office, President Biden has taken a more cautious approach towards digital assets. He nominated Gary Gensler as chair of the U.S. Securities and Exchange Commission (SEC), who has been criticized for unclear regulations on crypto.

Biden has also signed an executive order to establish a regulatory framework and has made statements criticizing the energy consumption of digital assets.

Recently, there have been reports that Biden might consider accepting crypto contributions for his reelection campaign and attend a roundtable with congressional leaders to discuss digital assets.

Crypto Community’s Expectations

The Stand With Crypto advocacy group, launched by Coinbase, is pushing for at least one question on digital assets to be included in the debate. They believe that discussing this transformational technology could help educate voters and influence the outcome of the election, especially among millennial, Gen Z, and young professional voters.

Biden-Trump Debate Details

The Biden-Trump debate will last 90 minutes with two commercial breaks and no studio audience. With Election Day set for November 5, this debate could play a pivotal role in shaping voters’ perspectives on the candidates’ views on digital assets.

Image from The Blaze

Disclosure Statement: Miami Crypto does not take any external funding, or support to bring crypto news to the readers. We do not have any conflicts of interest while writing news stories on Miami Crypto.

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