Regulation
Trump-Biden debate avoids hot topic!
Fri 28 Jun 2024 ▪ 3 min read ▪ by Eddy S.
In the current political landscape, it is surprising to note that the presidential debate between Joe Biden and Donald Trump did not address the issue of cryptocurrency. This glaring absence has had a direct impact on the market, especially on the politicized meme coin known as PolitiFi.
Cryptocurrencies excluded from presidential debate!
During the 90-minute presidential debate, a notable silence fell on the issue of cryptocurrencies. Nor Donald Trump nor Joe Biden have addressed this hot topic, despite its growing importance in the global economy. This omission has left the cryptocurrency community wondering about the future of digital currency regulation and adoption in the United States. Their silence is all the more significant as it perhaps reflects ignorance or reluctance to discuss a booming sector and its potential impact on traditional finance.
The lack of mention of cryptocurrencies during the debate was a disappointment for the crypto community. They had hoped for recognition, especially from Trump, who is known for his pro-crypto stance. With millions of Americans owning cryptocurrencies, it is crucial that the economic issues surrounding this technology are discussed in national political discussions.
It didn’t take long for the market to react
PolitiFi meme coins, which derive their value from political engagement and investor sentiment, saw a significant decline following the debate. Coins like MAGA (TRUMP) and Jeo Boden (BODEN) saw their value decline by 14.1% and 32.5%, respectively. This volatility highlights the sensitivity of these digital assets to major political events.
The lack of discussion of cryptocurrencies during the presidential debate raises questions about the future of cryptocurrency regulation in the United States. As candidates prepare for the next debate, the crypto community awaits clear policy and recognition from political leaders.
The presidential debate highlighted the fragility of PolitiFi meme coins and the need for a deeper political discussion on cryptocurrencies. Cryptocurrency investors and users should remain vigilant and informed, as the political landscape can significantly impact the market.
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Eddy S.
The world has evolved and adaptation is the best weapon to survive in this wavering universe. The crypto community manager at the base interests me in everything that touches or comes close to the blockchain and its derivatives. With a view to sharing my experience and getting to know a domain that I am passionate about, I am the one who writes informative and décontractés a la fois articles.
DISCLAIMER
The views, thoughts and opinions expressed in this article are solely those of the author and should not be construed as investment advice. Do your own research before making any investment decisions.