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The high-stakes final presidential debate between current President Donald Trump and presidential hopeful Joe Biden surprisingly saw no mention of cryptocurrencies or blockchain technology. As the prominence of digital currencies continues to increase worldwide, the lack of dialogue around this influential topic has been noted within the cryptocurrency community.
The binary decision by the political juggernauts to overlook discussing their potential impact in the economy reflects an enduring pattern of cryptocurrency’s marginalization in mainstream political discourse. Legislative frameworks for cryptocurrencies, including Bitcoin and Ethereum, remain a grey area in the United States. For companies dealing with cryptocurrency, there is a pressing need for clearer regulations and policies. This silence in a high-profile setting like the Presidential debate further amplifies the need for open conversation on the matter.
Though cryptocurrencies have been linked to cybercrime due to their anonymous nature, they offer various advantages as well. Transaction speed and reduced cost, immunity to traditional banking system failure, and facilitation of a universal basic income (UBI) are just a few of their potential benefits. Cryptocurrencies emerged as a topic of interest following the 2008 recession, symbolizing frustration with traditional financial systems and as a means to promote fiscal independence and security. This increasing global interest in cryptocurrencies makes the lack of discussion even more conspicuous.
In conclusion, the absence of dialogue concerning cryptocurrency in the Biden-Trump presidential debate signals a significant knowledge gap in American politics and raises questions about the country’s preparation for the future of finance. While the technology behind cryptocurrencies offers a multitude of possibilities for improving current systems, incorporating it responsibly necessitates a strong understanding and regulatory environment. Until then, the world of digital currencies remains a mostly misunderstood and under-discussed frontier.
Source: Cointelegraph
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