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Grayscale Predicts CBDC Support from Next US President, Finds Consensus on Crypto Stance

Crypto asset manager Grayscale has predicted that the next President of the United States will be supportive of the development and implementation of a central bank digital currency (CBDC). In a blog post, Grayscale noted that leading candidates from both political parties, including Joe Biden and Donald Trump, have expressed their favorable stance towards CBDCs. However, while they seem to agree on CBDCs, both candidates have shown less enthusiasm for Bitcoin.

Trump has referred to Bitcoin as a "scam," while Biden's support for a tax on Bitcoin mining indicates a cautious approach. Grayscale also highlighted the presence of crypto-friendly candidates like Robert Kennedy Jr. and Ron DeSantis, who have expressed opposition to CBDCs. Among Republican contenders, Vivek Ramaswamy and Miami Mayor Francis Suarez stand out as pro-Bitcoin advocates.

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