Pantera Capital: Biden's attitude could entice young voters to nominate candidates they hadn't previously considered

Investment company Pantera Capital has observed a significant change in US President Joe Biden's attitude towards cryptocurrency policies. Despite recently blocking a bill supporting the cryptocurrency industry, which aimed to eliminate the controversial guidance of the US Securities and Exchange Commission (SEC) that prevented major US banks from providing large-scale cryptocurrency custody services, Pantera Capital analysts Jiang and Lowe quoted CCN as saying that Biden's decision to veto the SAB121 bill may be due to his unwillingness to publicly oppose SEC Chairman Gary Gensler. As president, Biden tends to respect the independence of regulatory agencies such as the SEC, which are separate from the executive branch. Many young cryptocurrency owners are very enthusiastic about the importance of cryptocurrency to the world, so they are often the only voters on the issue. This attitude may attract young voters to nominate candidates they may not have considered before.