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69.3% of respondents believe Bitcoin will be mentioned in the debate, showing its rising political relevance. Despite substantial lobbying, the June debate excluded crypto topics, focusing on economic and social issues. Trump supports crypto, but it’s not a priority for most voters, with economy and governance being top concerns. As the 2024 U.S. presidential election heats up, a key question looms over the upcoming debates: will cryptocurrency, especially Bitcoin, become a major campaign issue? Despite the crypto industry’s growing influence and significant political contributions, the topic has been noticeably absent from the campaign trail so far. A recent poll on X (formerly Twitter) by MicroStrategy’s Michael Saylor indicates that 69.3% of respondents believe Bitcoin will be mentioned, highlighting the growing interest and influence of digital currencies in political discourse. Will #Bitcoin be a topic in tonight’s Presidential Debate? — Michael Saylor⚡️ (@saylor) June 27, 2024 While many crypto enthusiasts anticipated a discussion of their favored asset, the previous debate on June 27 omitted the topic despite intense lobbying from the crypto space. The topics that dominated the debate included economic policies, abortion, immigration, and foreign policy. Despite the crypto sector’s substantial political contributions, it remained unmentioned. This lack of discussion occurred even though a trio of crypto-backed super political action committees (PACs) raised and spent millions to influence the election. Fairshake PAC raised $177.8 million and spent $70.8 million, primarily on attack ads targeting congressional candidates. Two other PACs, Protect Progress and Defend American Jobs, collectively spent $22.8 million. Despite their efforts, crypto was absent from the debate. If elected, Trump has promised to end what he calls Biden’s “war on crypto.” He has even met with Bitcoin miners, expressing his desire for cryptocurrency to be “made in America.” However, some industry figures believe Biden is becoming more favorable towards…

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Filed under: News - @ June 28, 2024 11:16 pm