Main navigation

Will Jack Dorsey Be America's First Bitcoin President?

News
Sun, 08/08/2021 - 18:03
article image
Alex Dovbnya
As partisan lines start to blur for the sake of crypto, the idea of a Bitcoin president might no longer that far-fetched anymore
Will Jack Dorsey Be America's First Bitcoin President?
Cover image via stock.adobe.com
Read U.TODAY on
Google News

Amid a legislative cryptocurrency battle in Washington, calls for electing America’s first Bitcoin president have emerged.

Cryptocurrency advocate Anthony Pompliano ignited a discussion about potential candidates who could fit the role.

When a user tweeted that Twitter CEO Jack Dorsey was “slowly and steadily” moving toward running for office, the tech billionaire replied that Bitcoin doesn’t actually need presidents.

Pompliano himself denied any plans to seek any pollical position after several followers perceived his tweet as a campaign pitch.

The White House endorsing an unfavorable amendment to the crypto tax provision in the blockbuster infrastructure bill made many accuse the Joe Biden administration of cracking down on crypto. There is now a bipartisan effort to save crypto in Washington.

Related
Texas Senator Ted Cruz Reaffirms His Support for Crypto Industry
As reported by U.Today, former U.S. President Donald Trump described Bitcoin as “a scam.”

Ex-Democratic presidential hopeful Andrew Yang was the closest that the industry had to a mainstream Bitcoin candidate.

Prominent cryptocurrency entrepreneur Brock Pierce also made an appearance on the ballot during the 2020 election as an independent candidate, but he didn’t even manage to scrape 50,000 votes.

article image
About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.