Biden presidency looks positive for crypto industry

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Updated September 21, 2022 | Published December 15, 2020

2 mins read

The crypto industry is hoping to have it easy under US President Joe Biden whose electoral victory in the 2020 election is seen as a stepping-stone towards the future.

Now, the government may take the matter of cryptocurrencies a little more seriously and ditch the counter-intuitive approach employed under outgoing President Donald Trump. Trump himself has stated that he is not “a fan of cryptocurrencies.”

His Treasury Secretary Steve Mnuchin has shared the President's opinion, saying that he opposed crypto on principle. However, Joe Biden may be the bringer of change, not so much because of his personal interest in crypto, rather for his flair to put the right people in the right places, leading to the right regulatory framework for crypto.

Whether the US is adopting crypto or not doesn't matter for the world too much, because everyone else is. Even PayPal, one of the largest payment processors worldwide, has seen a resurgence of its shares thanks to the recent announcement that it will adopt cryptocurrency payments.

Meanwhile, consumers have been more than happy to embrace crypto, including at online casinos. Some of the most trusted crypto properties right now include BitStarz, Bitcasino, and FortuneJack to name a few.

Want the chance to win an iPhone 11 Pro? Then take a couple of minutes to complete our CGN survey.

Looking for your next crypto casino? Check out: Bitcasino or FortuneJack.

Written by Alex

Reporter

Alex is a well-rounded crypto writer who focuses on general market and legal developments. His main interest lies in how crypto gaming can become a more permanent part of the gaming landscape and how blockchain holds benefits to players they are not even aware of.
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