Uniswap Labs chief executive Hayden Adams is warning Democrats that their anti-crypto agenda could cost them dearly in the November 2024 US presidential election.
Adams, who invented the decentralized crypto exchange (DEX) Uniswap (UNI), tells his 286,100 followers on the social media platform X that Democrats are making a political miscalculation when it comes to digital assets.
He compares US Senator Elizabeth Warren (D-Massachusetts) and the U.S. Securities and Exchange Commission (SEC) attacks on crypto to a political misstep by the unsuccessful Democratic 2016 US presidential candidate Hillary Clinton.
“Hillary [Clinton] campaigning in red states instead of swing states level miscalculation from [US President Joe] Biden camp thinking crypto will be irrelevant in 2024 election and letting SEC plus Warren wage total war – both in terms of voters and money.
Republicans smell blood in the water and are turning hard towards crypto. Not much time for Biden to save it. Anyone close to him or Democratic leadership should be expressing how serious this is and pushing for immediate reversal on his approach to crypto (public support/plan and reigning in SEC and Warren)…
[Biden] can understand someone he trusts telling him ‘You will lose if you don’t do X.’”
The Chamber of Digital Commerce recently accused Warren of “trying to kill” the entire crypto industry through her proposed Digital Asset Anti-Money Laundering Act.
The stakes are high as Biden faces off against Republican nominee Donald Trump in the November 2024 presidential election. Trump recently said he is “fine with” crypto and accused Biden and SEC Chairman Gary Gensler of being against digital assets.
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