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Cryptocurrency investors find two names extremely important these days, and the ETH ETF approval was connected to Trump. Formerly a crypto hater, Donald Trump now adopts a more favorable stance. The U.S. elections are in November, and the scenario we repeatedly mentioned last year has come into play.
Elon Musk, Trump, and Crypto
To win elections, you need to make promises. For instance, respecting the right to individual armament in the U.S. is an important detail. Or, by making statements on various detailed issues, you can attract certain voter groups. Cryptocurrencies have finally become something worth promising. Recent polls show that presidential candidates’ stances on crypto are gaining importance, especially among young voters. These apolitical individuals might avoid voting for Biden just because they lost money.
While Trump is targeting this area, Biden has made a 180-degree turn on cryptocurrencies. From accusing Republicans of being crypto-friendly to pushing the SEC to approve the ETH ETF, much has changed.
In short, according to a Bloomberg report citing sources familiar with the matter, Donald Trump and Elon Musk are discussing or will discuss cryptocurrency policies. WSJ reported that Trump would consider Musk as a Presidential Administrative Advisor if he returns to the White House. Trump was a crypto enemy, and Elon Musk now says he doesn’t care about cryptocurrencies. However, the November elections are approaching.
