The next president of the United States is likely to favor a central bank digital currency (CBDC), crypto asset manager Grayscale stated in a post on its website, as the current frontrunners in both political parties have expressed their support for it. Neither seems to like Bitcoin (BTC).
Joe Biden and Donald Trump currently have healthy leads in the 2024 presidential polls among members of their respective parties. Both are “favorable toward exploring CBDC,” echoing conclusions drawn by Forbes earlier in 2023.
Trump has called Bitcoin a “scam,” and Biden’s position was intuited from his support for a 30% tax on Bitcoin mining. Grayscale did not comment on Trump’s overall attitude toward crypto and digital assets. It can be recalled that he is, at a minimum, favorably disposed toward nonfungible tokens.
Joe Biden’s got laser-eyes on his coffee cup
Someone in the White House is a #Bitcoin HODL agent
pic.twitter.com/I5q5uO8zDL— Bitcoin Archive (@BTC_Archive) August 4, 2023
Biden’s Executive Order on Ensuring Responsible Development of Digital Assets was taken as evidence of his general support. Another White House document — the 2023 “Economic Report of the President” — was not as complimentary toward crypto, however.
Related: 7 presidential candidates have dropped clues about their crypto stance
The candidates…
