HomeCryptoLeak suggests crypto market anticipates major shift towards Biden before Trump debate,...

Leak suggests crypto market anticipates major shift towards Biden before Trump debate, potentially causing significant price fluctuations for Bitcoin, Ethereum, and XRP

-


Bitcoin Price Surge Continues as Trump Declares Himself the “Crypto President”

Former president Donald Trump has sent shockwaves through the cryptocurrency world by declaring himself the “crypto president,” setting the stage for a potential Washington earthquake in the coming week. The announcement comes as the bitcoin price has surged back to its peak of $70,000, with other major cryptocurrencies like ethereum and XRP also seeing significant gains.

Tech billionaire Michael Dell has sparked speculation that his computer company could follow in the footsteps of MicroStrategy and Tesla by investing in bitcoin. Meanwhile, rumors are swirling that current president Joe Biden could address crypto policy during his first presidential debate with Trump on June 27.

Analysts from Bitfinex believe that while the debate may touch on regulatory frameworks that could impact cryptocurrencies, the market has already factored in the stances of both Biden and Trump. Trump has recently embraced bitcoin and crypto, making millions from NFTs and accepting campaign donations in various cryptocurrencies, putting him at odds with the Biden administration’s anti-crypto stance.

The Biden campaign is reportedly considering accepting bitcoin and cryptocurrency donations through Coinbase, and officials from the administration, the House, the Senate, and entrepreneur Mark Cuban are set to meet in July for discussions on blockchain innovation.

Cuban, a vocal supporter of Biden, has warned that Trump could win the 2024 election due to Biden’s opposition to crypto. However, former Trump critic Anthony Scaramucci believes that Biden’s stance on crypto may soften in a second term, as key figures in the campaign are supportive of the industry.

As the debate between Biden and Trump approaches, the cryptocurrency market is bracing for potential impacts from their differing views on crypto regulation. The outcome of this clash of ideologies could have far-reaching implications for the future of cryptocurrencies and blockchain technology.

LATEST POSTS

Judge rules in favor of SEC in majority of case against Binance, dismisses secondary sales charge

Federal Judge Upholds Most SEC Complaints Against Binance: Founder Changpeng Zhao May Be Personally Liable Federal Judge Upholds Most SEC Charges Against Binance, Founder May...

Mt. Gox creditors receive Bitcoin windfall following 10,000% price surge

Mt. Gox to Begin Repaying Creditors After Decade-Long Wait After a decade of waiting, users of the collapsed bitcoin exchange Mt. Gox are finally set...

SWIAT and adesso Collaborate to Launch SWIAT Access, Revolutionizing Blockchain Integration

SWIAT and adesso Unveil SWIAT Access: Streamlining Entry into the Blockchain Ecosystem for Financial Institutions SWIAT and adesso Unveil SWIAT Access: A New Gateway to...

SEC Comments Cause Delay in Launch of Ethereum ETF

Delay in Launch of United States-Based Spot Ether ETFs by SEC The highly anticipated launch of United States-based spot Ether exchange-traded funds (ETFs) has hit...

Most Popular