The Ignored Crypto: The Trump-Biden Debate Avoids the Hot Topic!
In the current political landscape, it is surprising to note that the presidential debate between Joe Biden and Donald Trump did not address the crypto issue. This noticeable absence had a direct impact on the market, particularly on politicized meme coins known as PolitiFi.
Crypto excluded from the presidential debate!
During the 90 minutes of the presidential debate, a notable silence hung over the issue of cryptocurrencies. Neither Donald Trump nor Joe Biden addressed this hot topic, despite its growing importance in the global economy. This omission left the crypto community in suspense, questioning the future of regulation and adoption of digital currencies in the United States. Their silence is all the more telling as it perhaps reflects ignorance or reluctance to discuss a booming industry and its potential impact on traditional finance.
The non-mention of crypto during the debate was a disappointment for the crypto community. The latter hoped for recognition, especially from Trump, known for his favorable approach to crypto. With millions of Americans owning cryptocurrencies, it is crucial that economic issues related to this technology are discussed in national political discussions.
The market did not take long to react
The PolitiFi meme coins, which derive their value from political engagement and investor sentiment, saw a significant drop following the debate. Coins like MAGA (TRUMP) and Jeo Boden (BODEN) saw their value drop by 14.1% and 32.5% respectively. This volatility highlights the sensitivity of these digital assets to major political events.
The absence of discussion on crypto during the presidential debate raises questions about the future of crypto regulation in the United States. As candidates prepare for the next debate, the crypto community remains in anticipation of clear policy and recognition from political leaders.
The presidential debate highlighted the fragility of PolitiFi meme coins and the need for a more in-depth political discussion on crypto. Investors and crypto users must remain vigilant and informed, as the political landscape can significantly influence the market.
