The confidential papers making headlines have put Trump and Biden under criticism. Mike Novogratz asserts that it is critical to move past the 80-year-old candidates and concentrate on younger leaders in 2024 who will aid in the healing of this nation, who will meet people where they are, and who will lead given that Trump and Biden both irresponsibly handled classified documents.
Given that Trump and Biden were both irresponsible in handling of classified documents, can we move on from 80 year old candidates and focus 2024 on younger leaders who will help heal this country, who will meet people where they are, who will lead.
— Mike Novogratz (@novogratz) January 22, 2023
What did these two do?
President Biden is under scrutiny after several classified documents from his vice presidential term were discovered in his home in Wilmington, Delaware, and his former think tank office in Washington. This discovery prompted a Justice Department investigation, and Attorney General Merrick Garland appointed Robert K. Hur as a special counsel to look into the matter.
Garland announced the appointment two months after appointing a separate special counsel to lead the criminal investigation into the handling of sensitive material by former president Donald Trump, who recently made headlines with his Twitter de-platforming.
Political discussion over elected officials’ handling of sensitive government information has been incredibly heated in recent years, bringing to light how the bureaucratic process of classification, a mainstay in Washington, honestly operates.
Understanding the private documents
The documents and other data that the government deems sensitive are referred to as classified information. People who have completed the necessary background checks and received security clearances typically have access restrictions. Information is classified by authorized government authorities when they believe that releasing it may harm international relations or U.S. national security.
Paper papers, emails, photos, maps, pictures, databases, and hard drives can all contain classified information. In none of the formats, confidential material must be safeguarded until it is adequately declassified.
What does this mean for crypto?
The Biden administration earlier in 2022 stated that U.S. government agencies had to step up enforcement in the digital asset industry and pinpoint regulatory gaps for cryptocurrencies, citing both their potential for abuse and harm as well as their expanding significance in global banking.
The White House refrained from supporting a digital dollar, but the Treasury Department will head a committee of government organizations that will study a central bank digital currency.
Reiterating his fears that fast-expanding digital currencies constitute a danger to the U.S. dollar’s (DX-Y) standing as a global reserve currency, former president Donald Trump also recently spoke on the blooming cryptocurrency movement.
Trump said in a wide-ranging interview regarding the economy and his probable ambitions for the next general election that he sees China’s recent decision to prohibit cryptocurrency as a warning shot to the U.S. to safeguard its currency.
With the much criticism, these two are facing, a new dawn in leadership is likely and could see the young youths lead the nation, which will likely bring greener pastures for crypto in the U.S. which was prohibited by tne many adoption issues brought forth during the time the two served. This can be supported on the basis that many crypto enthusiasts are more of youth than old people.