"Between Trump and Biden, which one do you support?"
Shortly after publicly revealing his support for cryptocurrencies, Republican candidate for the 2024 United States (US) Presidential Election Donald Trump said he would protect the rights of digital asset investors.
In contrast to Joe Biden's administration which has no idea how crypto works, Trump has been very clear that he will never crack down on BTC or other digital assets through the use of regulatory powers.
However, it should be known that Trump's view on BTC is not the same in 2021 as he once called the digital asset a fraud and could threaten the status of the US dollar as the world's reserve currency.
However, Trump in recent years has ventured into the world of digital assets where he launched his own brand of non-fungible tokens (NFTs) to much fanfare.
It's well known that the debate over crypto is taking center stage as two leading presidential contenders stake different positions.
Biden aligned himself with Senator Elizabeth Warren and Securities and Exchange Commission (SEC) Chairman Gary Gensler not only gave unwavering support to the SEC's regulatory approach but also emphasized regulation through enforcement.
In addition to promising to accept campaign contributions in crypto, Trump also took a different stance as he vowed to end the growing anti-crypto stance in the US.
In some interesting developments, some Democrats also joined Republicans to pass a resolution repealing SAB 121 but the Biden administration appears to oppose the bill.
