jakiro
Author: Deman
With the approaching of the US presidential election in 2024, the cryptocurrency market, especially the MEME currency sector related to the politics of the US election, shows significant growth and activity.Especially the Politifi sector tokens, such as Trump, Maga, and Trump2024, which are closely related to the former President Donald Trump, and the market performance is very prominent, because Trump has recently supported the operation of the cryptocurrency field, which has been obtained.General support from relevant people.
Another significant trend related to this is the rapid transformation of the Democratic Party and the current President Biden’s attitude towards cryptocurrencies. For the success of the election, candidates have put down their posture and accepted the fields of previous resistance.Because the potential and strength of cryptocurrencies are one of the forces they must not miss.
The attitude of the Republican party’s attitude towards encryption assets has shown a 180 -degree turn, and the market is affected.
During Trump’s presidential term, he showed obvious doubts and distrust of cryptocurrencies.In 2019, Trump publicly stated on Twitter that cryptocurrencies such as Bitcoin were “not real currencies”, and their values were “highly fluctuated and based on air.”However, since leaving the White House in 2021, Trump’s attitude towards cryptocurrencies has changed significantly. As the 2024 election approaches, Trump’s attitude has changed more significantly. This change not only affects him, but also affects himThe campaign strategy has also had a profound impact on the cryptocurrency market.
1. Accept cryptocurrency donation:
Republicans are issuing a wider invitation to the cryptocurrency community. The Trump campaign team announced that she accepts cryptocurrency donations. Supporters can donate through CoinBase Commerce products.
This measure shows that Trump actively embraces cryptocurrencies and uses its support to attract young voters and technology enthusiasts.And at the luxury dinner hosted by Haihu Manor for its NFT supporters, Trump further emphasized the attention of cryptocurrencies.
2. Policies and market impact:
The Trump team’s transformation is not only in the symbolic sense.The Republican Party is also promoting more friendly cryptocurrency policies.The famous Republican councilors such as Tom Emmer and Patrick Mchenry are drafting legislation, which aims to provide support for the cryptocurrency industry and restrict the strict supervision of the Securities and Exchange Commission (SEC).In addition, Trump’s supporters such as Vivek Ramaswamy and Ron Desantis also promised to implement the policy of friendship with cryptocurrency during the campaign.
This series of measures show that if Trump is elected again, he may promote a series of policies that are conducive to the cryptocurrency industry.These policies may include appointment to be more open and supporting cryptocurrency regulators, such as former Coinbase chief legal officer Brian Brooks or current SEC member Hester Peirce.These regulators may take more loose supervision measures to promote the development and innovation of the cryptocurrency industry.
3. Political strategy and voters influence:
Trump’s support for cryptocurrencies is not only a policy change, but also part of the campaign strategy.As the election season approaches, Trump uses cryptocurrencies as a weapon to attack the Biden government, accusing the current government of hostile attitude towards the cryptocurrency industry.The Secret President Gary Gensler carried out strict law enforcement operations on many cryptocurrency companies during the office of Biden, which further angered the cryptocurrency community.
At the same time, Trump’s strategy also reflects the influence of cryptocurrencies in voters.A survey shows that in the six key swing states, more than 20%of voters regard cryptocurrencies as important issues.Another national survey showed that 51%of the owners of cryptocurrencies support Trump and 41%supported Biden.This political differentiation shows that the influence of cryptocurrencies in voters is gradually increasing, becoming an important issue in campaign.
Under the sharp offensive of Trump, the encryption policies and attitudes of Biden and the Democratic Party show passive
Trump regards the field of cryptocurrencies as one of the new magic weapons against Biden. The Bayeon government has previously cautiously strequent cryptocurrencies.The number of Bayeng and the Democratic Party will certainly not give up this part of the votes. Therefore, the Bayeng and the Democratic Party have to follow up, and it has also released a hint of goodwill to the cryptocurrency field.
Facing Trump’s active operation in the field of cryptocurrencies, the current president Biden and the Democratic Party quickly adjusted their attitudes and policies to cryptocurrencies. A series of recent measures showed the positive transformation of the Biden government in cryptocurrencies.
1. Administrative order and regulatory framework:
In 2022, Biden issued an important administrative order instructing multiple federal institutions to coordinate the formulation of digital asset policies.This order emphasizes the risks brought about by the rapid development of the cryptocurrency market, such as financial stability problems, data privacy and security issues, and environmental impact.The Biden government recognizes the potential risks and opportunities of digital assets, and strives to ensure the stability and transparency of the market by establishing a comprehensive regulatory framework.
In order to protect the stability of consumers and financial systems, the Bayeng government has strengthened the supervision of cryptocurrency trading platforms and service providers to ensure that these institutions meet appropriate regulations and supervision.In addition, the Biden government also pays attention to the impact of cryptocurrency mining on the environment and explores how to reduce carbon footprint while supporting technological innovation.
2. Support the FIT21 encryption bill:
The Biden government announced that if the FIT21 encryption bill is passed, he will not veto the bill and calls on Congress to cooperate on the “comprehensive and balanced regulatory framework of digital assets”.This statement shows that while strict supervision of the Biden government also supports the development of the cryptocurrency market.
3. Young voters strategy:
In order to fight for the support of young voters, the Biden campaign team plans to hire MEME managers to try to establish contact with generation Z voters by managing social media content and MEME page.This strategy shows that the Biden government recognizes the importance of cryptocurrencies and digital culture on elections, and hopes to increase its election support rate through interaction with young voters.
4. Different from internal opinion and coordination:
Although the Biden government has adopted a more cautious and pragmatic attitude towards cryptocurrencies as a whole, there are different opinions internally.Some Democratic members, such as Senator Elizabeth Walren, have a more doubt and cautious attitude towards cryptocurrencies, emphasizing its potential risks to consumers and financial systems.However, another Democratic member supports more friendly cryptocurrency policy, arguing that it helps to promote financial innovation and economic growth.
The US policy plays a key role in the direction of the encryption market, and the impact of the market outlook is even more impact.
As the election season approaches, the game between Biden and Trump in cryptocurrency policy shows increasingly close connections between politics and financial markets.Both candidates hope to fight for cryptocurrencies and strive for voting support in this field, and this strategy has also had a profound impact on the development of the cryptocurrency market.It also responded quickly.Especially the Politifi tokens, such as MAGA coins, have risen about 400%in the past month.This phenomenon reflects the sensitivity of the market on political events and its impact on the market.
This activity of the cryptocurrency market not only shows investors’ high attention to political events, but also reflects cryptocurrencies as a new type of assets, its unique market mechanism and potential.Politifi tokens provided investors with a new way of investing and expressing political stance by combining the seriousness of political activities with the humor of culture.
In the context of the US presidential election in 2024, Trump and Biden’s transformation of cryptocurrency policy showed increasingly close connections between politics and financial markets.Both candidates hope to embrace cryptocurrencies and win votes in this field, and this strategy has also had a profound impact on the development of the cryptocurrency market.For investors and market observers, focusing on the evolution of this trend will help understand the trend and potential opportunities of the future cryptocurrency market.
