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Ripple CTO Places Bet on Biden’s Successor for Crypto-Friendly Policies

2024/07/22 13:07

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US President Joe Biden recently announced he will not contest the upcoming presidential elections. This has led to speculation among crypto market participants about the Democratic nominee adopting a pro-crypto stance.

Ripple CTO's Expectations

Ripple CTO David Schwartz is optimistic about the Democratic nominee's potential crypto policies. He commented on X that replacing Biden wouldn't cost Democrats votes, as the electorate comprises primarily anti-Trump voters. Schwartz believes this change could attract voters concerned about Biden's ability to serve a second term and enable Democrats to adopt a credible pro-crypto stance.

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

Kamala Harris Speculation

Political insiders suggest Kamala Harris may replace Biden, although significant policy shifts are not anticipated. When asked about Biden's role in crypto policy decisions, Schwartz acknowledged that Biden wasn't the decision-maker. He emphasised the need for the new candidate to differentiate from Biden without appearing to mimic Trump.

Tulsi Gabbard's View

Former Congresswoman Tulsi Gabbard expressed scepticism about policy changes under Harris. She suggested that Harris would follow the same directives as Biden, acting as a figurehead for established power structures.

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

Despite political uncertainties, Bitcoin and the broader crypto market remain strong.The current trading price of Bitcoin is $67,856.

Although there is optimism within the crypto community, it's uncertain whether the new candidate will significantly alter current policies.

Dapatkan pemahaman yang lebih luas tentang industri kripto melalui laporan informatif, dan terlibat dalam diskusi mendalam dengan penulis dan pembaca yang berpikiran sama. Anda dipersilakan untuk bergabung dengan kami di komunitas Coinlive kami yang sedang berkembang:https://t.me/CoinliveSG

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