On Sunday, July 21, US President Joe Biden withdrew his application for fighting the next presidential elections against Republican candidate Donald Trump. Although the Democrats have yet to announce the replacement for Biden, crypto market players are now expecting the next Democratic nominee to undertake a pro-crypto stand.
Ripple CTO Bets on Joe Biden Replacement
While Donald Trump has accelerated his Presidential campaign attracting a large number of crypto voters, Ripple CTO David Schwartz is betting on Joe Biden’s Democrat replacement to introduce some pro-crypto policies.
In his recent post on X, Schwartz stated that the Democrats won’t be losing any votes by replacing Joe Biden, stating that there were as such no dedicated Biden voters and only anti-Trump voters. The Ripple CTO believes that this development could attract voters who were concerned about Biden’s ability to serve the second term.
Furthermore, it would allow Democrats to credibly pivot on their crypto policy as there are no anti-crypto voters.
Dems will lose no votes replacing Biden. There were no Biden voters, just anti-Trump voters. Now they can attract voters concerned about Biden’s ability to serve a second term. They can also now credibly pivot on crypto policy. This makes sense, there are no anti-crypto voters.
— David “JoelKatz” Schwartz (@JoelKatz) July 21, 2024
With many in the political circles expecting Kamla Harris to replace Biden, they also feel that there won’t be any major changes at the policy level. One of the followers on X asked Schwartz what makes him think that Joe Biden was actually making the decisions on crypto policies. the follower said that it was someone else calling the shots. Responding to this, Schwartz said:
“No, he certainly wasn’t. But there was no credible way to pivot with the same person at the top. It would have looked like cynically copying Trump. The shot they need to call now is how to distinguish the new candidate from Biden in a way that gains voters”.
Also Read: Joe Biden Successor: Is Hilary Clinton Donald Trump’s Opponent?
Don’t Expect Much Policy Changes
Former Congresswoman Tulsi Gabbard shared her view on what could change if Kamla Harris takes the throne. In a post on X, Gabbard wrote:
“Biden’s out, Kamala is in. Don’t be fooled: policies won’t change. Just like Biden wasn’t the one calling the shots, Kamala Harris won’t be either. She is the new figurehead for the deep state and the maidservant of Hillary Clinton, queen of the cabal of warmongers. They will continue their efforts to engulf the world in war and taking away our liberty”.
Other market players like Elon Musk have also been taking potshots at Kamla Harris showing what to expect if she becomes the next President.
Imagine 4 years of this … https://t.co/gFwWAv15Qx
— Elon Musk (@elonmusk) July 22, 2024
Bitcoin and the broader crypto market have continued to show strength amid Sunday’s key developments.
Also Read: MAGA Price Skyrockets 20% On Elon Musk New Post
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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
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