Crypto Investor Predicts Softer U.S. Stance on Crypto as Election Nears

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Haseeb Quraishi, a prominent figure in the cryptocurrency community, has predicted that US President Biden will adopt a more lenient stance on cryptocurrencies as the 2024 election approaches.

This prediction has gained traction following the recent approval of a Bitcoin ETF, seen by some as an initial step in this direction. Quraishi’s tweet has fueled speculation that other regulatory agencies might also relax their approaches to cryptocurrency in the coming months.

Been saying for weeks that Biden is going to soften on crypto going into the election. He doesn't want to lose votes in a tight race over what is ultimately a minor issue to him.

ETF is the first sign of this—I think we see other agencies also softening next few months.

— Haseeb ＞|＜ (@hosseeb) May 21, 2024

Bitcoin recently experienced a 6.5% rise. Major cryptocurrencies like Ethereum and XRP are awaiting a pivotal vote in Washington next week that could have significant implic…

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