The topic of cryptocurrency was conspicuously absent from the recent Biden-Trump debate. During the 90-minute exchange, U.S. President Joe Biden and presidential candidate Donald Trump discussed pressing issues such as the economy, abortion rights, immigration and foreign policy. Their advanced ages — Biden is 81, Trump is 78 — were also briefly discussed in terms of their mental abilities.
The topic of cryptocurrency was conspicuously absent from the recent Biden-Trump debate. Source: CNN
Cryptocurrency-backed super PACs including Fairshake PAC have raised $202.8 million, with $93.6 million used to influence the 2024 elections. This financial clout makes them important players despite lacking direct campaign coordination capabilities.
FFocus on key issues
Fairshake PAC alone raised $177.8 million and spent $70.8 million on ads attacking congressional candidates. In addition, Protect Progress and Defend American Jobs raised a combined $25 million and contributed $22.8 million to this year’s elections.
Donald Trump has been critical of Biden’s stance on cryptocurrencies, saying he intends to stop what he calls Biden’s “crypto war” if elected. He recently held a meeting with Bitcoin miners to advocate for domestic cryptocurrency production.
Kraken CEO Dave Ripley and other industry players said Biden may take a more favorable stance on cryptocurrencies. Conversely, outspoken cryptocurrency advocate Mark Cuban warned that regulatory action could negatively impact Biden’s electoral prospects.
A Gallup poll highlights that cryptocurrencies remain a fringe issue for American voters. Economic problems, inflation, governance failures and immigration policy dominated public discussion in the run-up to the election.
Robert F. Kennedy Jr., an independent candidate who openly supports cryptocurrencies, was excluded from the CNN debate due to eligibility criteria. He criticized the network’s selection process and held a parallel debate highlighting the impact of blockchain and artificial intelligence on government efficiency.
As of the FiveThirtyEight poll conducted before the debate on June 27, Trump narrowly led Biden with 41.1% and 40.9%. Kennedy’s poll number is at 9 percent, underscoring the potential for swings in voter preferences as the election approaches.
Trump is slightly ahead of Biden with 41.1% approval rating at 40.9%. Source: FiveThirtyEight
The second debate between Biden and Trump is scheduled for September 10, and national elections for the president, vice president, all 435 House of Representatives seats, and 34 Senate seats are scheduled for November 5.
$BODEN has dropped significantly in value
$BODEN – The Solana meme token dropped more than 40% in 24 hours, despite no mention of it during the Biden-Trump debate. Boden has fallen below 0.09 USDT to 0.081 USDT. This sharp decline reflects the current market volatility. The ongoing US election debate may be one of the reasons for Borden’s recent depreciation.
The $BODEN meme coin dropped more than 40% in 24 hours. Source: Coingecko
In short, while the cryptocurrency industry has mobilized significant financial resources to influence the upcoming election, the Biden-Trump debate highlighted its absence from the mainstream discourse. official government. Election movements always attract the attention of cryptocurrency investors, and the election results also have a significant impact on this market, especially for cryptocurrency projects that draw inspiration from Trump and Biden.
