Miami’s “Bitcoin Mayor” Francis X. Suarez has filed to run for U.S. presidency, which could stimulate growth and adoption of digital currencies and blockchain-based services. His presidential bid may prompt a profound conversation on cryptocurrency’s role in shaping America’s economy, but also raise concerns about potential risks, vulnerabilities, and conflicts of interest.
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2024 US Election and Crypto: Regulation vs Innovation Showdown
The US cryptocurrency regulatory stance becomes a significant topic as the 2024 presidential election approaches, with figures like Florida Governor Ron DeSantis discussing the possibility of banning CBDC use in Florida. The current administration’s enforcement actions, ongoing lawsuits, and heavy regulation could hinder innovation and force businesses to seek more open environments outside the US.
Navigating Blockchain: Innovations, Challenges, and the Intriguing Future of Cryptocurrency
“A telling report by Glassnode indicates that long-term crypto holders are showing tenacity, with Coinbase and Binance creating waves in the sector. Coinbase launched its Ethereum layer-2 blockchain, whereas Binance became the first fully licensed crypto exchange in El Salvador.”