Uniswap Founder Criticizes Biden’s Approach to Cryptocurrency

The founder of Uniswap, the largest decentralized exchange, Hayden Adams, believes that Joe Biden may lose the upcoming U.S. presidential election due to his administration’s dismissive attitude towards the cryptocurrency market.

Hillary campaigning in red states states instead of swing states level miscalculation from Biden camp thinking crypto will be irrelevant in 2024 election and letting SEC + Warren wage total war — both in terms of voters and money

Republicans smell blood in the water and are…

— hayden.eth ? (@haydenzadams) May 13, 2024

According to the entrepreneur, the “total war” against the industry led by the SEC and Senator Elizabeth Warren is a major miscalculation by Biden’s team, “both in terms of voters and money.”

“Republicans smell blood and have decisively supported cryptocurrency,” Adams noted.

He recommended that the current administration immediately develop a clear regulatory framework for the market and take measures to restrain the SEC and Warren.

“Biden doesn’t have much time to turn things around,” the Uniswap founder emphasized.

Adams’ statement came shortly after Donald Trump began accepting cryptocurrency donations for his election campaign.

Meanwhile, Uniswap itself received a warning from the SEC in early April about a potential lawsuit.

Experts have assessed the consequences of this confrontation.

Previously, Cardano co-founder Charles Hoskinson stated that Joe Biden wants to “kill the crypto industry.”

Over 20% of respondents in several states consider cryptocurrency a key issue in the upcoming U.S. elections.

According to a Paradigm survey, 48% of voters holding digital assets plan to vote for Trump in the upcoming presidential election. 8% prefer the current head of state, while 13% remain undecided.