For cryptocurrency investors, two names are extremely important these days, and the ETH ETF approval was linked to Trump. Formerly a crypto-hater, Donald Trump now has to adopt a more favorable stance. The US 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 US is an important detail. Or, you attract certain voter groups with statements on various detailed issues. Cryptocurrencies have finally turned into something worth promising for. Recent polls show that the stance of presidential candidates on crypto is gaining importance, especially among young voters. These apolitical groups might avoid voting for Biden just because they lost money.
While Trump is playing exactly in this area, Biden made a 180-degree turn on cryptocurrencies. From the days he accused Republicans of being crypto-friendly to pushing the SEC to approve the ETH ETF, a lot has changed.
In short, according to a Bloomberg report based on sources familiar with the matter, Donald Trump and Elon Musk are discussing or will discuss cryptocurrency policies. WSJ reported that Trump might consider Musk as a Presidential Administrative Advisor if he returns to the White House. Trump was a crypto enemy, and Elon Musk said he no longer cared about cryptocurrencies. However, the November elections are approaching.
