- Biden and Trump’s crypto positions in the first presidential debate of 2024 could sway voters.
- TREMP and BODEN memecoins saw 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 a debate stage since 2020.
Considering that both candidates have contrasting approaches to cryptocurrency, this debate could also serve as a platform for them to express their factual opinions on the subject.
This could significantly influence the decisions of crypto voters in these elections.
How did the crypto community respond?
Considering this divide between the candidates and crypto is the hot topic this election cycle, Diogo Monicaco-founder and executive chairman of Anchorage Digital said in a recent conversation with Bloomberg:
“Crypto will always be political, but it doesn’t have to be partisan. We want clear traffic rules.”
Mónica, together with several others in the crypto community, therefore sees crypto as a real question in the upcoming presidential debate.
Echoing similar sentiments, Stand with Cryptonoted a nonprofit organization dedicated to uniting global cryptocurrency advocates:
“The Crypto Voter is a crucial constituency this year, so our candidates need to talk about our issues.”
To make it easier and see the number of crypto voters rise to almost 52 million, the organization also went ahead and created a special page for crypto voters.
This page was created to ask candidates about their views on cryptocurrency and its role in the US economy.
Crypto steals the spotlight
The push to make cryptocurrency part of the presidential debate stems from perceived hostility toward crypto from the Biden administration.
While Trump has been openly pro-crypto, with initiatives such as accepting crypto donations for his campaign and proposing to mine all remaining Bitcoin in the US, Biden has taken an opposing stance.
In fact, several executives, including billionaire entrepreneur Mark Cuban, believe that the blame extends not only to Biden, but also to SEC Chairman Gary Gensler, who has been in the spotlight for scrutinizing several crypto companies during his term of office.
Impact on the crypto market
Meanwhile, as the world eagerly awaits the first presidential debate of the 2024 elections, the impact on Trump- and Biden-inspired memecoins has been remarkable.
Just a day ago, the Donald Trump-inspired memecoin, Donald Tremp, appeared [TREMP], saw a significant increase of 20.2%. In contrast, there is the Joe Biden-inspired coin, Jeo Boden [BODEN]experienced a decline of 3.3%.
However, as of the time of writing, TREMP is up only 0.5%, while BODEN has continued to decline by 1.4% over the past 24 hours.