Cryptocurrencies or virtual currencies are always a point of debate since their inception. Many people favor them, while many people have points that devalue the currency. It is interesting to find the opinion of top politicians in this regard. Many politicians in the US do not have a positive opinion about cryptocurrencies in general, as the decentralized nature of such currencies will pose a threat to their way of working with the central banks. However, as elections near, they are not in a position to reject donations made through cryptocurrencies. In this regard, let us look at what some top politicians in the US feel about Bitcoin.
Donald Trump has always been open about his dislike for Bitcoin, and he had even tried to accuse such currencies as not valuable. He has said that he is not a fan of Bitcoin. Many experts in the market blame Trump for the slow growth of the crypto industry in the US. However, Brain Brooks of Bitcoin was appointed as COO of the Office of the Comptroller of the Currency in March by the Trump administration.
Even though he has not openly supported Bitcoin, Joe Biden is said to be a supporter of Bitcoin. He is seen as a strong supporter of technology and innovation. He had even commented on the Internet as being neutral. The political action committee even accepted donations in Bitcoins since 2016.
Bernie Sanders has not taken a harsh stand on cryptocurrencies so far. But media reports indicate that he has taken a large amount of donations from tech giants Microsoft and Facebook.
Joanne Jorgensen has always been vocal about free markets, and she has supported unrestricted competition between banks and other financial institutions. She is also in favor of enacting Ron Paul’s Free Competition in Currency Act.
Kanye West has said that he wanted to use Bitcoin and many experts believe that it will be good for the crypto community if he wins the election.
Elizabeth Warren, on the other hand, has criticized the volatile nature of cryptocurrencies, and she said that it is difficult for the government to protect consumers and yet derive benefits out of crypto technology.
Mike Bloomberg has said that there is a need for a clear regulatory framework around cryptocurrencies. He said that Bitcoin has become a high net worth investment asset, and there is a need for a regulatory framework in this regard.