If Biden Re-Elected President — No Future For Crypto In US, Says Messari CEO: 'Move Abroad…Vote GOP'
Portfolio Pulse from Mehab Qureshi
Ryan Selkis, CEO of Messari, expressed concerns about the future of cryptocurrencies in the US if President Joe Biden is reelected. His comments come amid the IRS's proposed regulations related to the sale and exchange of digital assets by brokers. The IRS aims to simplify tax filing and reduce tax fraud with a new reporting form, Form 1099-DA. At the time of writing, Bitcoin was trading at $25,969, down 0.27% in the last 24 hours.
August 28, 2023 | 10:15 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
The future of Bitcoin in the US could be impacted by the reelection of President Biden and the proposed IRS regulations on digital assets.
The CEO of Messari, a major player in the crypto industry, has expressed concerns about the future of cryptocurrencies, including Bitcoin, in the US if President Biden is reelected. This, coupled with the IRS's proposed regulations on digital assets, could potentially impact the price and adoption of Bitcoin in the US.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100