Blockchain Wins Big at Consensus Conference Amid Biden Backlash and Trump's Crypto Shift
June 6, 2024The Consensus conference in Austin celebrated recent legislative victories and the approval of an ETH ETF.
Corporate donations to a blockchain super PAC were highlighted.
There was backlash against President Biden's veto of a crypto custody bill.
The SEC's closure of its Salt Lake Regional Office was seen as a win for the industry against Chair Gensler.
A failed lawsuit against crypto firm Debt Box was deemed an abuse of power, resulting in sanctions and legal fees.
Despite these wins, ongoing legal battles indicate the industry's 'war' is far from over.
Trump's 34 felony convictions and his shift in stance on cryptocurrency were key highlights.
A flood of cash from entities like Coinbase to a crypto-focused PAC was noted.
Discussions on tokenizing real-world assets continue in Congress, with crypto users closely monitoring regulatory developments.
Consensus will move to Toronto in 2025, and crypto voters are already influencing the 2024 presidential election.
Summary based on 3 sources
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Sources
CoinDesk • Jun 5, 2024
What's Next for FIT21? (A Consensus 2024 Recap)Cointelegraph • Jun 4, 2024
Consensus 2024: Reacting to Trump verdict during crypto conference