Biden and Trump Prepare for First 2024 Presidential Debate Amid Crypto Controversies
Summary:
Potential 2024 U.S. Presidential contenders, Donald Trump and Joe Biden, are set to participate in their first debate in four years this coming June. The proposed debate comes amidst legal complications for Trump, and before either potential candidate officially accepts their party's nomination. Matters of cryptocurrency and digital assets, which have been prominent discussion points in the political sphere, are as of yet undecided topics for the debate.
The expected contenders for the 2024 U.S. Presidential race, Donald Trump and Joe Biden, are set to go head-to-head for their first debate in a gap of four years this June. On May 15, through a post on X, President Joe Biden stated that he had accepted CNN's invitation for a presidential debate scheduled for June 27 and threw the challenge onto Trump for his response. In a reply to Fox News, the erstwhile U.S. President agreed to the debate's date and expressed his readiness to confront President Biden on Truth Social, his social media platform. Trump is currently involved in a lawsuit in a New York court. He's accused of making illicit payments to a porn actress and forging business records related to the U.S. 2016 Presidential Election. However, this case, held on Wednesdays, may not intervene with the planned debate in June as he has pending cases in Florida, Georgia, and the District of Columbia. The anticipated debate, if confirmed, will happen prior to Trump or President Biden formally accepting their party's presidential nominations, with the Democratic National Convention and Republican National Convention slated for August and July respectively. Independent candidate Robert F. Kennedy Jr., who is lagging behind Trump and Biden in polls, claims he has been overlooked for the debate. As part of their campaign to secure the Republican presidential nomination, Vivek Ramaswamy and Ron DeSantis have often addressed issues regarding cryptocurrency and central bank digital assets. At a supporters' dinner held on May 8, Trump claimed his support for cryptocurrency within the nation. Nevertheless, he had previously critiqued digital currencies like Bitcoin (BTC) as a scam. Cryptocurrency supporters among political and industry leaders have urged President Biden to consider the voting preference of the crypto-focused crowd for the 2024 polls. Many are critical of the Biden administration's crackdown on crypto companies backed by the U.S. Securities and Exchange Commission (SEC) and Senator Elizabeth Warren's attack on digital assets through legislation and publically voiced criticism. Despite President Biden's rare public comments on digital assets, he has sometimes utilized his authority to oppose policies and laws that are alien to the space. On May 8, while a joint resolution to revoke an SEC policy concerning banks holding crypto was being discussed in the House of Representatives, Biden threatened to veto the resolution, which went on to pass with the support of 21 Democrat legislators. They previously clashed in a physical debate in September 2020 held at the Case Western Reserve University, after which, Trump was allegedly diagnosed with COVID-19 according to a disclosure by his ex-chief of staff, Mark Meadows, in his book. Cryptocurrency was not touched upon in either of the debates during the candidature of Biden and Trump. Currently, crypto doesn't appear on the 'issues' page of Biden's campaign site, while Trump's site enlists his economic viewpoints. Democratic Representative Wiley Nickel opined in a May 11 post on X that the Presidential election stands a chance of losing crypto owners as voters. With both major U.S. Presidential candidates currently bereft of exact viewpoints on crypto, the upcoming June 27 debate or the subsequent one on September 10 may take up the topic. The U.S. Election Day is scheduled for November 5.
Published At
5/15/2024 11:25:10 PM
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