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- Biden and Trump’s positions on cryptocurrencies in the first presidential debate of 2024 could sway voters.
- The TREMP and BODEN memocoins have seen fluctuations.
On June 27, President Joe Biden and former President Donald Trump will face off in the first presidential debate of the 2024 election.
This debate, hosted by CNN, marks their first joint appearance on the debate stage since 2020.
Given that both candidates have contrasting approaches regarding cryptocurrencies, this discussion may also serve as a platform for them to express their actual views on the topic.
This could greatly influence crypto voters’ decisions in this election.
How has the crypto community reacted?
Since this dichotomy between candidates and cryptocurrencies is a much-discussed topic this election cycle, Diogo MonicaAnchorage Digital co-founder and CEO said in a recent conversation with Bloomberg:
“Cryptocurrencies will always be political, but they don’t have to be partisan. We want clear rules of the road.”
Thus, Monica, along with many others in the cryptocurrency community, sees cryptocurrencies as a real question in the upcoming presidential debate.
Echoing similar sentiments, Stand with encryptiona non-profit organization dedicated to uniting cryptocurrency advocates globally,
“Crypto voters are a pivotal constituency this year, so our candidates must speak up on our issues.”
To make things easier and see the number of crypto voters rise to nearly 52 million, the organization also went ahead and created Custom page For crypto voters.
This page was created to ask candidates about their positions on cryptocurrency and its role in the US economy.
Cryptocurrencies steal the spotlight
The push for cryptocurrency to be part of the presidential debate stems from perception Hostility towards encryption From the Biden administration.
While Trump has been openly supportive of cryptocurrencies, with initiatives such as Accept crypto donations Due to his campaign and proposal to mine all remaining Bitcoin in the United States, Biden has taken an opposing stance.
In fact, many CEOs, including a billionaire businessman Mark CubanI believe the blame extends not only to Biden, but also to SEC Chairman Gary Gensler, who has been in the spotlight for scrutiny of several cryptocurrency companies during his tenure.
Impact on the crypto market
Meanwhile, as the world eagerly awaits the first presidential debate of the 2024 election, the impact on Trump and Biden-inspired memcoins has been noticeable.
Just a day ago, a memecoin inspired by Donald Trump appeared, Donald Trump [TREMP]It witnessed a significant increase of 20.2%. In contrast, the currency inspired by Joe Biden, eat boudin [BODEN]It witnessed a decrease of 3.3%.
However, as of the time of publishing this news, Trump While it rose by only 0.5% Boden It continued to decline by 1.4% during the past 24 hours.
