The founder of Uniswap, Hayden Adams, has criticized the Biden administration for its lack of support for cryptocurrencies. He believes that proactive measures are necessary to publicly endorse cryptos in order to have a better chance in the upcoming election. Uniswap recently faced a lawsuit after admitting to receiving a Wells Notice from the SEC. Adams takes a dig at the regulator and the Biden administration, stating that there is a critical oversight targeting the crypto industry that needs immediate rectification. He argues that the financial sector must adapt to the emergence of cryptocurrencies, as evidenced by the increasing number of US adults engaging in digital assets. Adams also criticizes the Biden camp’s belief that cryptos will be irrelevant in the 2024 election, comparing it to Hillary’s campaign strategy of focusing on “red states” instead of “swing states”. He warns that Republicans are turning towards crypto, and if the Biden administration doesn’t act quickly, it could cost them the election. Adams suggests implementing proactive measures, such as publicly supporting cryptos and re-evaluating the SEC’s approach under Senator Elizabeth Warren’s leadership. In contrast, independent presidential candidate Robert F. Kennedy Jr. has openly expressed his support for cryptocurrencies and plans to speak at the Consensus 2024 crypto conference. He believes that America should remain a leader in blockchain innovation and should not allow hostile regulators to drive the technology abroad. Kennedy Jr. has also invested in Bitcoin and plans to buy Ethereum. He is critical of Central Bank Digital Currencies (CBDCs) and intends to push for anti-CBDC legislation to protect constitutional rights.
