I haven't verified thus news of Joe Biden stepping down from the presidential race
It is official, Biden stepped down as a potential reelected president and then passed the endorsement to Kamala Harris. That's because he knew it that he's not going to win this race.
How might Biden's exit and the resulting shift in leadership impact cryptocurrency regulations and market sentiment especially on altcoins?
Especially on Bitcoin.
While I am not convinced that because of these news are affectig the market but it seems moving. Maybe there's the part that it really move markets if it's about the politics in the US. But then more of the typical reaction of most big players in the market like the financial institutions that are also involved to this. The support that they've shown to their candidate that's speaking good of the crypto market really shares some good news to them.
And not just for them, but also for us. It's still few months left until the actual election happens but we're already having a clue on who's going to win this even if there's still some candidates that haven't conceded yet. And as for the crypto market, we'd see more of it as the timing is perfect as the election is happening, we're on the bull run and the halving's effect is still there for us to count on it.