- Politifi tokens of Trump and Biden are fluctuating.
- Trump’s outspoken crypto stance went unexplained in the election debate.
Cryptocurrency policy and its regulation are one of the most spirited topics in the U.S. presidential campaigns, leading to critical debates and varied reactions within the crypto community. This has intensified since the presidential election campaign began in late May, which drew attention from those who tend to support and criticize.
The crypto market and the voters have been excited about the crypto discussion in the US presidential debate. Unfortunately, crypto went undefined during the U.S. presidential debate. The anticipation was high as the interest of American voters in crypto has increased considerably, driven by inflation and other geopolitical tensions. According to a new Harris Poll examination, one in three U.S. voters will consider the candidate’s crypto stance before voting.
Meanwhile, the crypto market has significant interest in political-themed Polifi coins, which are based on the current Republican candidate, Donald Trump, and the present President, Joe Biden. As the election heat increases, PolitiFi token prices are fluctuating. Recently, the DJT coin made a fuzz in the market as it is speculated as the official Trump coin.
In the name of Trump, several coins have emerged, like MAGA, TREMP, STRUMP, and the Trump coin. Whereas Biden has one coin, namely, BODEN. All the coins have gained massively in the early days of their launch, later undergoing a huge correction phase.
Crypto Stance of the Presidential Candidates
Looking into the opinion of the presidential candidate’s crypto policy, Donald Trump extended his support for cryptocurrencies earlier and vowed to end what he described as President Joe Biden‘s “War on Crypto” if he were to be reelected. He considered crypto as viable finance and later also recognized it as the future of the American economy. Trump renewed his crypto stance and declared, “All remaining Bitcoin to be made in the USA.”
Besides, his stance contrasts with Biden’s cautious approach to crypto policy. Biden calls for federal agencies to oversee digital assets more closely. American investors believe that his opinion on crypto will make the sector vanish from the American economy. Thus, some notable donations have been made by the founders of Gemini and Kraken to support Trump’s campaign.
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