Bittime - What will happen to the cryptocurrency world when Joe Biden's campaign team releases a meme of Joe Biden's face with his eyes replaced with Bitcoins and emitting lasers?
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Joe Biden's campaign posted a photo of his face enhanced with laser eyes on his official X account after the Super Bowl.
The post appears to be an acknowledgment of the far-right conspiracy theory or meme known as Dark Brandon.
In particular, adherents of this ideology believe that the White House planned to manipulate the election results to improve the political fortunes of the embattled president.
The presence of Taylor Swift, who is dating Kansas City Chiefs' Travis Kelce, is also somehow involved in this alleged plot.
Joe Biden's Views on Crypto
Joe Biden's views on crypto meme coins remain unclear. He has not issued an official statement on the topic.
However, some government officials have raised concerns about the risks and volatility of crypto coins.
In November 2021, Janet Yellen, US Secretary of the Treasury, said that meme crypto coins were “extremely risky asset speculation.” He also said that they could be used for illegal activities.
Gary Gensler, Chairman of the Securities and Exchange Commission (SEC), has also raised concerns about meme crypto coins. He said that they were “unregistered securities” and that investors should be careful.
In January 2022, Biden signed an executive order asking the federal government to study the risks and benefits of cryptocurrencies.
The order also asks the government to develop a regulatory framework for cryptocurrencies.
Some people believe that Biden will take tough action against meme crypto coins. They argue that the coins are a threat to financial stability and can be used for illegal activities.
Others believe that Biden will take a more moderate approach. They argue that crypto meme coins are a new technology with great potential. They believe that the government should work to regulate meme crypto coins without stifling innovation.
It's too early to say what Biden will do about the meme crypto coin.
However, it is clear that the US government is paying attention to the coin and considering regulatory action.
Here are some possible actions Biden could take on meme crypto coins:
- Banning trading of meme crypto coins. This is the most drastic action Biden can take. This would effectively prohibit Americans from buying or selling crypto meme coins.
- Implement strict regulations on crypto meme coin trading. This will allow Americans to buy and sell crypto meme coins, but there will be strict rules to protect investors.
- Leaving meme crypto coins unregulated. This is the least likely option, as it would allow meme crypto coins to develop without government oversight.
Whatever Biden does, it will have a significant impact on the future of the meme crypto coin.
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Mysterious Meme Coins related to Joe Biden
Throughout his campaign and administration, Joe Biden has been the subject of various mysterious meme coins appearing in the crypto market.
One famous example is a meme coin called “Biden Inu” that emerged in 2021.
This coin emerged amidst the popularity of meme coins such as Dogecoin and Shiba Inu, and is trying to capitalize on the popularity of the Biden name.
However, like many other meme coins, Biden Inu is also a speculative instrument full of risks.
Biden Laser Eyes
Like many memes, the laser eye phenomenon began in the early 2010s on platforms like Tumblr and 4chan.
According to Know Your Meme, its true origins relate to a joke related to the game Mass Effect 2.
In this context, laser eyes often symbolize increased power.
Therefore, it is not surprising that posts featuring laser eyes are often related to rising crypto asset prices.
When prices rise, power is considered unlimited, and so on.
The Dark Brandon meme, on the other hand, stems from the idea of Joe Biden being the dominant figure to defeat Trump supporters.
The use of the name "Brandon" comes from the NASCAR racing event, where fans were initially believed to be supporting a racer named Brandon Brown, but it turned out they were making calls that actually insulted Biden.
It's an amusing irony of how jokes about jokes can become the basis of conspiracy theories.
However, that's only part of the story. Memes have the flexibility to change and develop according to current themes and contexts.
They have great power, especially within the crypto community. However, reading too far into it can be risky, especially for those who don't fully understand the context.
This is similar to trying to understand why the price of DOGE keeps going up every time Elon Musk posts a meme about dogecoin .
However, in reality, it is unlikely that Musk will add DOGE to his business plans soon.
Joe Biden's Strange Decision on Crypto in the Midst of 2024 USA Elections
In the midst of the 2024 United States election, Joe Biden made a strange decision that surprised many parties, especially in the crypto world.
Although no new policies were officially announced, there were several actions that confused the crypto community.
One of them was the sudden announcement of a ban on the use of meme coins in political campaigns.
The decision drew mixed reactions from various quarters, with some considering it a necessary step to prevent fraud and market manipulation, while others criticized it as a restriction on freedom of expression.
Conclusion
Joe Biden, as an important figure in United States politics, also has a significant impact in the world of crypto.
His views on blockchain technology and crypto assets, as well as his involvement in the meme coin phenomenon, have attracted the attention of many people.
However, the strange decisions he took in the context of the 2024 American elections, especially regarding the ban on the use of meme coins, have created a polemic among the crypto community.
Thus, Joe Biden's role in the evolution of the crypto world cannot be ignored, and his impact will continue to be an interesting topic to observe in the coming period.
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To be able to buy crypto assets at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds intowallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SUN) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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