The Biden administration, which does not want to lose the presidential race to Trump, also seems to understand the value of cryptocurrencies. It was noted that Biden’s teams have held meetings with important players of the crypto industry in recent days.

“There is a big change”

According to the news of The Block, one of the US media, which kept its sources confidential; The Biden administration has completely changed its perspective on cryptocurrencies in the last two weeks and held meetings with the major players of the industry in this sense. Sources stated that there has been a major change in the Biden administration’s attitude towards crypto, and the talks are still ongoing.

“Crypto-related problem could cost the presidency”

It was stated that Biden and his team better understood the importance of regaining the trust of this world, considering that some problems with cryptocurrencies could bring loss of votes in the election, and that the race with Trump will be “close”.

After the SAB 121 veto…

In fact, the Biden government has recently had a negative attitude towards cryptocurrencies. In fact, even though a bill that recently overruled the SEC’s SAB 121 rules was passed by Congress, it again hit the Biden wall. Biden stated that he would veto the bill. However, this step was met with intense reaction from the crypto industry and the White House had to announce that it would not veto another bill called FIT21.