The crypto environment in the US is presently at an all-time low, and that’s because the majority of lawmakers, regulators, and the Biden administration are not exactly pro-Bitcoin. However, the election cycle is around the corner, and so far, it looks like Bitcoin could have a better standing in the United States.
So, if you’ve been following recent news, you’d realize that crypto companies aren’t having the best of times in the US. First, the US Securities and Exchange Commission (SEC) has made it a duty to bring the industry to its jurisdiction and ultimately to its knees. However, the recent enforcement actions have raised concerns about the industry’s long-term future in the country and BTC.
The US has 4 Bitcoin-friendly Presidency Candidates
Next year, US citizens will once again go to the voting booths to elect their next president. US citizens know that the next four-year term means a lot for their future and the crypto community could be a huge factor in the next crypto bull run.
So, there are four American politicians have declared their intention to be the latest US president. Even though voting isn’t scheduled until November 5th, 2024.
Interestingly, former President Donald Trump is reapplying for the position, setting the stage for another fierce rivalry against Biden:
1) Robert F. Kennedy Jr. (Democrat)
Robert F. Kennedy Jr. comes from one of America’s greatest political lineages. But that isn’t his golden card for the presidential race. Instead, Robert’s support for BTC and crypto has made him a popular figure.
He sees crypto as a vital part of his agenda. Robert also referred to Bitcoin as a “symbol of democracy and freedom.” He is the first presidential candidate to accept Bitcoin for donations to his campaign.
2) Vivek Ramaswamy (Republican)
Vivek Ramaswamy is the founder of a pharmaceutical company. His interest in cryptocurrencies has also made him a popular candidate. He was a speaker at the Bitcoin 2023 conference, where he announced that he will take Bitcoin donations for his campaign.
Ramaswamy believes that “Bitcoin should not be regulated as a security.” The businessman famously declared that Bitcoin antagonists like Senator Elizabeth Warren are “blinded by their quest for power, dominion, control, and punishment.”
Some consider Ramaswamy a long shot in the race. But for BTC enthusiasts, his emergence is a positive sign.
3) Ron DeSantis (Republican)
While announcing his presidential candidacy on Twitter on May 24th, Ron DeSantis pledged to “protect” Bitcoin. Before his declaration, the Florida governor was rated as the second favorite in polls, just behind Trump.
The prominent politician told his followers that they “have every right to do Bitcoin.” He went on to assure them that he would “protect the ability to do things like Bitcoin.” While DeSantis has Trump to fight against, his candidacy offers hope to the industry.
4) Miami Mayor Francis Suarez (Republican)
Mayor Francis Suarez has always been pro-BTC. Many believe he is a long shot in the race. But his ideologies are a plus for the industry. Suarez has accepted his salary in Bitcoin. The mayor has shown his support for the crypto industry in different ways. He’s already working on making Miami a Bitcoin hub.
And several crypto firms believe Miami has the right operational environment. He led the creation of the MiamiCoin (MIA). MIA was built on Stacks. Although MIA performed poorly, Suarez is still a firm believer in crypto.
An Interesting Fact About the US Elections
US elections are largely driven by the policies and agendas of the candidates. Interestingly, digital currencies will play a huge role in voters’ decisions next year. Michael Saylor, the executive chairman of MicroStrategy, launched a poll last month to determine who voters wanted.
The poll showed that most voters will only back a candidate who supports their right to Bitcoin. 84% of the almost 30,000 respondents on Twitter felt this way.
The polls are still a year ahead. But we can say that Bitcoin has a huge say in who gets the nod.
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