President Joe Biden’s re-election campaign has begun reaching out to key figures in the cryptocurrency industry, seeking guidance on "crypto community and crypto policy moving forward," sources with direct knowledge of the matter told The Block.
The outreach, which includes calls to key industry leaders Biden's administration previously rebuffed, marks a significant "shift" from Biden's previous arms-length dealings with the industry, according to several sources, who spoke on the condition of anonymity.
The engagement effort, which started about two weeks ago, comes as Biden's camp increasingly recognizes the impact crypto-related issues could have on a presidential race that is likely to be quite close, the sources said, citing the sensitivity of the discussions, which are ongoing. As part of that outreach, the re-election team has called several crypto experts, including some crypto industry players Biden rebuffed on previous occassions, one source said.
They have very smart and capable people advising on that front, and you’ve seen some of the results of that and will see more in the coming months,” said a source within Trump’s inner circle with ties to the crypto industry.
Sources told The Block that the Biden campaign’s overtures have been well-received by many in the crypto sector.
However, one source noted that some industry players remain skeptical, viewing the outreach as "too little, too late."
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