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How might Biden's exit and the resulting shift in leadership impact cryptocurrency regulations and market sentiment especially on altcoins?
Share your views.
Biden's exit just means that Trump will win. Imo, that's the key takeaway I can gather from Biden's withdrawal from the race. Now, we all know that Trump has been pro-crypto since the start of his presidential campaign and it's no longer a case of "if" but "when". When he wins and executes on his promises, that's when we would see the real impact of Trump's presidency on crypto. If the policies he puts in place are as expected, more institutions and folks with big bucks will be attracted to crypto and that would aid price discovery to the higher highs.
I haven't verified thus news of Joe Biden stepping down from the presidential race,
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The news wad shared by Potus official X account and some of the biggest media shared it as well. Even Elon Musk confirmed that rumors about his withdrawal from the race were been spread all over Washington DC last week. So AFAIK, the news should check out.
Yeah! I feel that Trump has won the election because Biden's exit is too close to the election day. Elon Musk and some crypto KOLs are in support of Trump which may be beneficial to crypto community. When assassination was attempted on Trump, his coin (TRUMP) was really bullish. That is to tell what may likely happen when he wins. I feel their will be inflow of investors in crypto space which will create stronger uptrend if Trump win. This is just my opinion. In few time, we will see what will happen.