As the 2020 US Presidential election approaches, the topic of Bitcoin has become a point of contention among the candidates. While some have expressed support for the cryptocurrency, others have taken a more critical stance. In this article, we will explore the pro and anti views of the US Presidential candidates on Bitcoin.
Pro-Bitcoin Views
Andrew Yang, a former Democratic candidate, was one of the most vocal supporters of Bitcoin during his campaign. He proposed a national framework for regulating cryptocurrencies and blockchain technology, stating that they could help create a more transparent and secure financial system. Yang also suggested that Bitcoin could be used to fund his Universal Basic Income proposal.
Another Democratic candidate, Tulsi Gabbard, has also expressed support for Bitcoin. She has stated that she believes in the potential of blockchain technology to create a more decentralized and secure financial system. Gabbard has also proposed legislation to prevent the government from banning cryptocurrencies.
Republican candidate Brock Pierce is a well-known figure in the cryptocurrency industry. He has been involved in various blockchain projects and has advocated for the adoption of cryptocurrencies. Pierce has stated that he believes Bitcoin can help create a more equitable financial system and has proposed using it to fund social programs.
Anti-Bitcoin Views
Joe Biden, the Democratic nominee, has not expressed any clear views on Bitcoin. However, his running mate Kamala Harris has been critical of cryptocurrencies in the past. As Attorney General of California, Harris shut down an unlicensed Bitcoin exchange and has expressed concerns about the use of cryptocurrencies for illegal activities.
President Donald Trump has also been critical of Bitcoin and other cryptocurrencies. In a tweet in 2019, he stated that he was not a fan of Bitcoin and that it was not money. Trump has also expressed concerns about the use of cryptocurrencies for illegal activities such as money laundering and terrorism financing.
Conclusion
The views of the US Presidential candidates on Bitcoin are split, with some expressing support for the cryptocurrency and others taking a more critical stance. While some candidates see the potential of blockchain technology to create a more transparent and secure financial system, others are concerned about the use of cryptocurrencies for illegal activities. As the election approaches, it will be interesting to see how the candidates’ views on Bitcoin evolve and how they will impact the future of cryptocurrency regulation in the United States.
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- Source: https://zephyrnet.com/pro-bitcoin-vs-anti-bitcoin-divides-us-presidential-candidates/