Biden Trump Completely Ignore Crypto First Presidential Debate
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Crypto was not mentioned once during the 90-minute presidential debate of Biden and Trump, and it had a negative impact on the prices of politically themed meme coins. During the recent presidential debate, President Joe Biden and former President Donald Trump completely avoided talking about crypto, despite crypto lobbyists making some impressive donations for the 2024 election. The debate also had a negative impact on meme coins related to Biden and Trump, with many of them seeing double digit losses over the past 24 hours of trading. Meanwhile, Jesse Powell of Kraken publicly shared that he backed Trump with a $1 million donation. Additionally, Coinbase advisor Keisha Lance Bottoms has joined Biden’s campaign, which could signal that Biden is softening up to digital assets. Biden and Trump Sideline Crypto in First Debate In their 90-minute debate on Thursday, United States President Joe Biden and former President Donald Trump did not mention cryptocurrency at all, despite the fact that several crypto lobbyists made some impressive donations for the 2024 election. The debate mostly focused on economic plans, abortion rights, immigration, foreign policy, and briefly on the mental capabilities of Biden, 81, and Trump, 78, who are the oldest candidates to run for president. Why Crypto Voters May Not Decide The 2024 Presidential Election https://t.co/klQw93U9AR — Forbes (@Forbes) June 27, 2024 Crypto-backed super political action committees (PACs) have raised $202.8 million from industry backers and spent $93.6 million to influence the elections, yet the crypto sector received no attention during the debate at all. Fairshake PAC alone raised $177.8 million and spent $70.8 million on attack ads for congressional candidates. Additionally, Protect Progress and Defend American Jobs PACs collectively spent $22.8 million after raising $25 million. Interestingly, Trump very recently promised to end Biden’s so-called “war on crypto” and met with Bitcoin…
Filed under: News - @ June 29, 2024 1:10 pm