Pantera Capital; Biden's attitude may attract young voters to nominate candidates they had not considered before

Investment firm Pantera Capital has observed a significant shift in U.S. President Joe Biden's attitude towards cryptocurrency policy. Despite recently blocking a bill supportive of the crypto industry, which aimed to eliminate controversial directives from the U.S. Securities and Exchange Commission (SEC) that prevent major U.S. banks from offering large-scale crypto custody services, Pantera Capital analysts Jiang and Lowe quoted CCN as saying that Biden's decision to veto Bill SAB121 may be due to his reluctance to publicly oppose SEC Chairman Gary Gensler. As president, Biden tends to respect the independence of regulatory bodies like the SEC, which are separate from the executive branch. Many young cryptocurrency owners are very passionate about the importance of crypto in the world, so they often become single-issue voters on this matter. This attitude could attract young voters to nominate candidates they might not have considered before.