Hunter Biden recently spoke on X about the fiat currency system, expressing his support for Bitcoin and blockchain, calling these technologies an "inevitable future." He also warned that the existing banking system would fiercely resist such change.
In contrast to the Biden administration's position
Foreign media pointed out that this statement contrasts sharply with the cryptocurrency regulatory stance during the Joe Biden administration. The article noted that during Biden's presidency, the U.S. Securities and Exchange Commission (SEC) intensified its enforcement efforts against the cryptocurrency industry, with multiple trading platforms and protocols facing investigations or charges.
Industry focuses on policy trends
The article also mentions that JPMorgan Chase is reportedly pushing the banking industry to oppose the stablecoin yield arrangements in the Clarity Act. Meanwhile, the crypto industry is adjusting its strategy, hoping to win over more pro-industry Democrats in order to continue pushing for related legislation should the congressional landscape change in the future.
The 2028 election is just the background.
The article concludes by mentioning that the market does not believe Hunter Biden will become the Democratic presidential nominee in 2028. This part is more of an extension of the discussion on political prospects and is not the main theme of the article.
