Blockchain Wins Big at Consensus Conference Amid Biden Backlash and Trump's Crypto Shift

June 7, 2024
Blockchain Wins Big at Consensus Conference Amid Biden Backlash and Trump's Crypto Shift
  • The 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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