Uniswap Founder Wants A Reversal To Biden’s Position On Crypto: Here’s Why
President Joe Biden’s stringent crypto policies could jeopardize his re-election bid, according to Uniswap founder Hayden Adams. On May 13, Adams warned of the potential consequences that the administration could face at the November polls.
Adams expressed concerns about President Biden and other Democrats’ perceived anti-crypto position, which could reduce the incumbent US president’s likelihood of re-election.
He advised that anyone close to President Biden or within his leadership circle “should be expressing how serious this is and pushing for immediate reversal on his approach to crypto.”
This is not the first time experts will predict how Biden’s stringent crypto policies could undermine his re-election chances.
Shark Tank billionaire and crypto evangelist Mark Cuban joined the long list of critics that have blasted Biden’s crypto stance as a potential election killer. He pointed to SEC chair Gary Gensler’s aggressive crackdown and lawsuits against major crypto firms as a liability to the president’s bid.
If @joebiden loses, there is a good chance you will be able to thank @GaryGensler and the @NewYork_SEC
Crypto is a mainstay with younger and independent voters. Gensler HAS NOT PROTECTED A SINGLE INVESTOR AGAINST FRAUD
All he has done is make it nearly impossible for… https://t.co/uBKupxLhS9
— Mark Cuban (@mcuban) May 10, 2024
Cuban believes the 2024 US presidential election will take a new turn as crypto voters will influence the outcome, limiting Biden’s chances of a second term.
Since becoming president, Biden has taken a hardline stance against the crypto sector. An Executive Order was signed in 2022, which referenced Terra’s $50-billion crash and “the wave of insolvencies” as reasons to “harness” crypto potential
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