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Grayscale Predicts US President's Support for CBDCs, Cryptocurrency Stance Transcends Party Lines

Grayscale predicts that the next US president will support the development of Central Bank Digital Currencies (CBDCs), transcending party lines. Both frontrunners, Joe Biden and Donald Trump, have shown willingness to explore CBDCs, though their views on cryptocurrencies like Bitcoin differ.

Trump has criticized Bitcoin as a "scam," while Biden's support for a 30% tax on Bitcoin mining indicates a more cautious approach. Other candidates, such as Robert Kennedy and Ron DeSantis, have expressed support for Bitcoin but oppose CBDCs. Grayscale suggests that the cryptocurrency stance of the next president will vary, with candidates displaying differing levels of support for digital assets and CBDCs.

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