2024

Uniswap

Biden

As Republicans “smell blood in the water,” Uniswap founder Hayden Adams says top-level officials close to Biden should be pushing for “immediate reversal on his approach to crypto.”
Crypto seems to be becoming a key focus for <a href="https://crypto.news/tag/donald-trump/" target="_blank" rel="noopener noreferrer nofollow">Donald Trump</a>‘s presidential campaign this fall, as <a href="https://crypto.news/tag/uniswap/" target="_blank" rel="noopener noreferrer nofollow">Uniswap</a> founder Hayden Adams says Republicans “are turning hard towards crypto.” In <a href="https://twitter.com/haydenzadams/status/1789857266880975264" target="_blank" rel="noopener noreferrer nofollow">an X post</a> on May 13, Adams, the founder of the decentralized cryptocurrency exchange, said president <a href="https://crypto.news/tag/joe-biden/" target="_blank" rel="noopener noreferrer nofollow">Joe Biden</a>‘s camp is miscalculating priorities by “thinking crypto will be irrelevant in 2024 election.”
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Hillary campaigning in red states states instead of swing states level miscalculation from Biden camp thinking crypto will be irrelevant in 2024 election and letting SEC + Warren wage total war – both in terms of voters and money Republicans smell blood in the water and are…— hayden.eth 🦄 (@haydenzadams) <a href="https://twitter.com/haydenzadams/status/1789857266880975264?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">May 13, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<blockquote class="wp-block-quote">
 “Republicans smell blood in the water and are turning hard towards crypto. Not much time for Biden to save it.”
 Hayden Adams
</blockquote>
Adams urged top-level officials close to Biden or Democrats leadership “should be expressing how serious this is and pushing for immediate reversal on his approach to crypto.”
Yet, it seems the Biden administration is standing firm, aligning with figures like Senator Elizabeth Warren who supports tough regulations for the crypto industry, and the U.S. Securities and Exchange Commission, which deems nearly all cryptocurrencies as securities.
You might also like: <a href="https://crypto.news/former-biden-advisor-predicts-us-crypto-regulation-imminent/" rel="noopener noreferrer nofollow"> Former Biden advisor predicts US crypto regulation imminent </a>
Despite recent attempts by lawmakers, including a <a href="https://www.congress.gov/bill/118th-congress/house-joint-resolution/109/cosponsors" target="_blank" rel="noopener noreferrer nofollow">resolution</a> from the House of Representatives aimed at challenging how the SEC regulates banks and crypto, Biden appears to be sticking to his guns on keeping regulations tight for the crypto market. He’s made it clear he plans to veto any measures that would ease these regulations, <a href="https://www.whitehouse.gov/wp-content/uploads/2024/05/SAP-HJRes109.pdf" target="_blank" rel="noopener noreferrer nofollow">saying</a> the recent resolution was issued in response to “demonstrated technological, legal, and regulatory risks that have caused substantial losses to consumers.”
Former president Donald Trump, however, is positioning himself as a champion of crypto-friendly policies, aiming to leverage the support of crypto voters. In an X post on May 11, Bitcoin Magazine CEO David Bailey <a href="https://crypto.news/trump-bitcoin-magazine-ceo-day-1-crypto-policy-agenda/" target="_blank" rel="noopener noreferrer nofollow">wrote</a> he has been working with Trump for a month on a so-called “comprehensive executive order,” adding that other players in the crypto space are looking to raise as much as $100 million war chest for the Trump campaign to ensure he gets back into the White House.
Read more: <a href="https://crypto.news/mark-cuban-sec-biden-re-election-chances-trump-crypto/" rel="noopener noreferrer nofollow"> Mark Cuban: SEC could tank Biden’s re-election chances as Trump embraces crypto </a>

Uniswap founder urges democrats to immediately change Biden’s approach to crypto

crypto.news

Other articles published on May 13, 2024

Recent Trends in Cryptocurrency Markets

What is Strike app, and how to use it?

Brazil leads LATAM crypto trading with $6B volume in 2024

Milei Moneda Is Breaking Barriers Amid Stagnant Price Action On XRP And SUI

BLATRUMP Supporting 17000% Expected Return After Listing on ByBit

Kiyosaki sits down with Kinesis to Talk ‘The Evolution of Money’ (13 May)

Join our free newsletter for daily crypto updates!