Governments have been quite combative on cryptos and the blockchain world for the most part. Some like China have made <a href="https://fortune.com/2022/01/04/crypto-banned-china-other-countries/">outright bans on cryptos</a> to promote their own central bank digital currencies (CBDCs). But things haven't been so grim between cryptos and many other governments. Some pro crypto presidents have been quite supportive of digital currencies and fully believe in their potential to revolutionize the global economy. Who are they, and what is their impact on its global adoption? Wel. let's find out.
<h2>Pro Crypto Presidents</h2>
A few presidents have been quite vocal in their support of cryptocurrencies. They are-
<h3>Nayib Bukele</h3>
Perhaps no president has supported Bitcoin and cryptocurrencies as much as the young and energetic president of El Salvador, Nayib Bukele. He's going as far as pushing for Bitcoin's adoption by other emerging countries, which shows how much of a supporter of the coin he is. He did so at the Alliance of Financial Inclusion (AFI), promoting its adoption to 32 central banks and 12 financial officials. He saw Bitcoin as the perfect solution to his country's financial woes back home. El Salvador became the world's <a href="https://www.cryptoknowmics.com/news/looking-back-on-el-salvadors-bitcoin-adoption-6-months-later/">first country to adopt</a> Bitcoin as legal tender officially. It was an unprecedented move that saw the legitimacy of cryptos and blockchain go through the roof. As legal tender, its usability was now at par with Central bank Issued Fiat currencies.
<h3>Faustin-Archange Touadéra</h3>
President Touadéra of the Central African Republic (CAR) is one of the biggest supporters of cryptocurrencies. At least, that's how it appears going by his government's economic policies. The CAR became the world's second country to <a href="https://www.cryptoknowmics.com/news/central-african-republic-adopts-btc-as-legal-tender/">adopt</a> crypto as legal tender, their choice also being Bitcoin. That is despite the grim fact that <a href="https://datareportal.com/reports/digital-2021-central-african-republic" target="_blank" rel="noopener">only 11%</a> of the country's population has access to internet services. In president <a href="https://www.theverge.com/2022/4/29/23048142/bitcoin-adopted-official-currency-central-african-republic-car-why">Touadéra's words</a>, the move would “improve the conditions of Central African citizens,” making it one of the world’s boldest and most visionary countries. Those are very high hopes placed on cryptos and its adoption, earmarking his outright support.
<h3>Joe Biden</h3>
It may come as a surprise to many, but the US president, Joe Biden, is one of the most pro crypto presidents. The US has not yet adopted any crypto as legal tender, and it's hard to expect so since the US dollar is the world's primary reserve currency. The nation under president Biden has implemented and drafted a broad set of legislations to support the use of cryptocurrencies. For instance, president Biden <a href="https://time.com/nextadvisor/investing/cryptocurrency/biden-executive-order-crypto-expert-reaction/amp/" target="_blank" rel="noopener">issued</a> an executive order that was seen as a step in the right direction for cryptos. The order directs US government agencies to coordinate and work on a regulatory framework for digital currencies. The fact that he took the initiative with a presidential order rather than wait for Congress or Senate proceedings shows his support of the assets.
<h2>Their Impact on Universal Crypto Adoption</h2>
Presidents are the ultimate leaders of their countries. Their support for cryptos goes a long way in influencing crypto adoption. It may be in the following ways.
<h3>Legally Backed Acceptance of Cryptos</h3>
In the case of presidents Bukele and Touadéra, their acceptance of Bitcoin's adoption as legal tender directly aids universal adoption. It provides legal backing for its acceptance all over their countries' jurisdictions. President Biden's legal decree on government agencies also doubles as a sign that the authorities view cryptos as legal. It helps reduce the connotation of cryptocurrencies as facilitators of illegal activities and drives up their public acceptance.
<h3>Wide Publicity and Indirect Marketing</h3>
A significant impact that pro crypto presidents have on crypto adoption rates is the huge publicity they award the assets. Presidents have followings going into the millions, with all media outlets always focused on their speeches and actions. When a president endorses the use of cryptos or, like in the case of president Bukele, pushes for its adoption by other nations, the reach is wide. Major media outlets pick up the news and relay it across the globe, giving indirect marketing.
<h3>Improved Legal Framework for Crypto Use</h3>
The top benefit of having presidents that are supportive of cryptocurrencies is with respect to their nations' legal framework. Rather than being combative on cryptos and frustrating their use, they spearhead the institution of a supportive regulatory framework.

Such a legal environment encourages the setting up of crypto ventures, transacting using cryptos, and improving investments in blockchain. The direct impact is an increase in universal adoption, especially within their nations.
<h2>Author's Note</h2>
There are several pro crypto presidents around the world, despite the huge <a href="https://www.eff.org/document/crypto-wars-governments-working-undermine-encryption" target="_blank" rel="noopener">war on cryptos</a> by governments worldwide. The most notable among such presidents are Nayib Bukele of El Salvador, Faustin-Archange Touadéra of the CAR, and Joe Biden of the US. Their impact on crypto adoption is profound, driving the universal acceptance of these digital assets to higher levels.  It occurs via driving a legally backed crypto adoption, giving wide publicity to cryptos, and creating a conducive legal environment for their flourishing. Pro-crypto presidents will be instrumental in cryptos' goal of enjoying a global universal use and acceptance.

Pro Crypto Presidents and Their Impact On its Universal Adoption

Some pro crypto presidents have been quite supportive of digital currencies and fully believe in their potential to revolutionize the global economy

Adam is an outgoing young lad who likes adventures and discovering new things.Despite his boring life, he loves writing about cryptocurrencies and exploring what blockchain technology can do for the coming digital world where all adventures will be virtual.

Pro Crypto Presidents and Their Impact On its Universal Adoption

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