What a Biden Presidency Would Mean for Bitcoin
October 21, 2020
Ahead of the 2020 presidential election, Carlton Fields blockchain attorney Andrew (Drew) Hinkes was quoted in two Decrypt articles examining the future for Bitcoin under a Joe Biden administration or under a second Donald Trump administration.
“A new administration may fill some of the many open positions at various regulatory agencies which have remained vacant for most of the current administration,” Hinkes said. “This may be a dual-edged sword—on one hand, this may facilitate enforcement. However, it may also facilitate policy creation. With more resources, we could see more no-action relief, and more approval of crypto instrument issuances.”